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Compliance

AML and OFAC Compliance for Financial Institutions

OFAC is of great importance in the AML compliance processes of obliged individuals and organizations in the USA.
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Compliance

AML Compliance Without Harming Customer Experience for the Payment Companies

One of the industries at risk is the Payment industry. Financial institutions in the payment industry play a key role in combating financial crime.
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Compliance

Human Trafficking And Possible Red Flags

Especially in risky countries, consider its geopolitical situation, it is clear that it is used as a center for human trafficking. In this context, professionals who are working in the field of financial crimes and financial institutions have played important roles as well as security forces.
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Compliance

3 Most Important AML Compliance Laws You Need in 2020

While financial crimes pose a threat to the whole world, AML regulations and laws are updated every day. Local and global AML regulators around the world aim to combat financial crimes.
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Compliance

Foreign Account Tax Compliance Act (FATCA)

FATCA is a law that requires American citizens to report to the IRS the details of their financial accounts outside of the United States. The law aims to prevent the US taxpayers' natural and legal persons from avoiding US-based taxation over their incomes and assets and establish a transparent, traceable tax system. ...
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Compliance

What is KYC (Know Your Customer)?

KYC is the process that businesses do to verify customer's identities before doing business with their customers. KYC regulations help companies protect themselves against illegal financial transactions. Why is KYC important?...