The EU will implement the Sixth Anti-Money Laundering Directive (6AMLD), a new directive due to some uncertainties in 5AMLD. With the 6AMLD, the EU aims to identify money laundering crimes and focus more on sanctions deeply.
Investment companies invest in the accumulated capital of investors in financial securities. These mutual funds can be used by those who want to launder money. Therefore, investment companies have money laundering risks.
The methods used for money laundering are increasing and changing day by day. With the development of technology, the video games sector has also expanded considerably. The expansion of the video game industry has brought some crimes, for example, money laundering.
A money mule is a kind of money laundering method that has been applied for years. Even if money mules are not directly involved in money-producing crimes, they are considered complicit partners.
One of the areas Regtech provides solutions for is Anti-Money Laundering compliance. Anti-Money Laundering represents all efforts to detect and prevent financial crimes.
Money laundering activities on tax evasion are high, and regulators and governments have some regulations to prevent activities. If the income tax laws and the Bank Privacy Act (BSA) are not complied with in criminal activities, it can be said that this tax evasion is realized through money laundering.
With Digital Onboarding, customers can easily handle processes such as application forms, approvals, signatures, KYC verification via an application or web interface. It recognizes your Customer Information and prevents any possible risks.