Anti Money-Laundering Category | Blog

How Economic Sanctions Work

Economic sanctions are defined as the cessation of established commercial and financial relationships to benefit foreign and security policy.

09 September 2021

The "Follow the Money" Method

There are many methods to launder dirty money, many are also the businesses that are involved in this criminal circuit of laundering money, but to all this, there is an essential and simple solution: Follow the Money.

06 September 2021

AML Regulations and Religious Worships

Corporations around the world are involved in the circulation of large flows of dirty money daily; in many investigations around the World, the role of religious institutions in the flow of illegal money has also been discovered.

31 August 2021

KYC Requirement in Singapore

Singapore is a leading destination for commercial institutions and enterprises globally; thus, it demands businesses to implement Know Your Customer (KYC) processes.

31 August 2021

How to Easily Check OFAC Active Sanction Program

The Organization for Economic Cooperation and Development (OFAC) offers organizations dozens of sanctions programs.

27 August 2021

EBA Consultation on AML Officers' Roles

The European Banking Authority (EBA) has launched a consultation on AML/CTF officers' roles, responsibilities, and tasks.

27 August 2021

How Important is AML Compliance Culture?

AML Compliance Culture is also an important element in financial services, which can have an impact on the broader cultural challenges that the firm may face.

26 August 2021

AML Compliance Challenges and Trends

Banks and financial institutions are struggling with AML compliance. Globally, banks employ a variety of technology-based AML products and solutions.

26 August 2021

Sanctions for Cybercrime

The global pandemic lockdown has boosted cybercrime, fraud, and money laundering on governments and individuals; thus, countries imposed new penalties for them.

24 August 2021

The Importance of a State to Have an Economic-Financial Police

In the international panorama, the fight against economic crimes is carried out by various authors: Police Forces, Intelligence Agencies, central authorities, FIU (Finance Intelligence Unit), judicial authorities, Parliament, and Governments.

23 August 2021

Employee Background Check | Why is It Important?

Background Checks include name scans before or after employee onboarding to help you build a team you can trust.

17 August 2021

Cyber-Laundering and Cyberterrorism

There is a lot of talk in the international context about money laundering and terrorism; even international legislation sometimes deals with them together.

16 August 2021