Anti Money-Laundering

The risk-based approach is the realization of control in AML management according to the risk perception, risk appetite of the organizations, and the customers' risk level.

The real estate sector is under observation since productivity growth has been seen, made possible, above all, thanks to the very low-interest rates and to the greater issuance of economic liquidity by the Central Banks.

In order to mask their criminal activities, international criminal organizations resort to complex economic methods and schemes to conceal their illicit proceeds; one of these methods is to set up shell companies.

The article examines money laundering in casinos and how they are vulnerable targets

Money laundering is a severe issue that financial institutions face, especially those that mediate a high volume of transactions. To prevent such crimes, institutions need to understand their risk levels and take necessary measures. One of the ways to achieve this is by using customer scorecards in AML transaction monitoring.

Al Capone is known as the person who gave the term money laundering. He laundered money by buying laundries as cash.

With the AML Transaction Monitoring tool, organizations can create their own scenarios and rules without any coding knowledge so that high-risk transactions can be detected automatically.

Explore five compelling reasons why businesses must implement these tools to ensure regulatory compliance, detect suspicious activities, and safeguard against money laundering risks.

USA Patriot Act aims to prevent terrorist activities and fight against terrorism financing and money laundering.