Sanction Scanner is thrilled to announce that it has won the Finnovating Award for Top RegTech 2022!
Sanction Scanner Blog
Get the latest information, news, trends about
The luxury goods sector has inherent qualities that raise the danger of money laundering and are helpful for various reasons. Items like jewelry, valuable stones, and exquisite art are easily transportable, making them ideal for illicit activity.
Dive into the debate of outsourcing vs in-house systems for Know Your Customer (KYC) compliance. Understand the advantages of outsourcing for compliance, efficiency, and cost-effectiveness, as well as the potential downsides of data privacy and lack of control in an in-house system.
OFAC and the Turkish Ministry of Treasury and Finance published an announcement of a coordinated plan to take action for disrupting terrorist financing on January 5, 2023.
Money laundering has always been a great way for crime organizations to acquire their illegal profits. When it comes to cartels, the name Sinaloa has a bad reputation. This notorious Mexican cartel has been active since the end of the 1980s and continues its illegal activities throughout the globe.
The Wolfsberg Group, a group of 13 global banks that aims to develop frameworks and guidelines for the management of financial crime risks, particularly in relation to customer recognition, anti-money laundering and terrorism financing policies, published the Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime.