It is a general judgment that non-face-to-face transactions are riskier than face-to-face transactions.
30 July 2021
The FATF released guideline on assessing and mitigating the risk of proliferation funding to evaluate the effect of the adjustments it made last year.
29 July 2021
Correspondent banking is an important part of the financial system since it allows financial institutions to conduct transactions on a daily basic all around the world.
In a highly industrialized world, fighting financial crimes and meeting AML regulations for financial institutions is becoming increasingly difficult.
28 July 2021
FAFT released its second 12-month evaluation last month, which examines the implementation of the first study on the market structure of Virtual Assets and VASPs.
Valuable metals, stones, and jewelry are trafficked from countries as a money laundering source.
Two US Army military personnel plead guilty to catfishing and money laundering, the US puts additional sanctions on Syria, the UK, and the EU strike a Brexit agreement.
27 July 2021
Being a country with strict regulations, Singapore has enacted new cryptocurrency legislation.
Since the first anti-money laundering regulations were issued, both international and national, the insurance sector, like the credit sectors that include the activities of banks and financial firms, has been formed from the outset as a compulsory subject to regulatory compliance and procedural checks to counter AML/CFT threats.
26 July 2021
Suspicious activity reports (SARs) issued to FinCEN were leaked to the media in September 2020.
14 July 2021
Australia has been proactive in adopting cryptocurrency legislation, making cryptocurrencies, digital currencies, and cryptocurrency exchanges legal.
The Financial Action Task Force (FATF) published a study that identifies new and existing technology-based solutions for effective compliance.
13 July 2021