The gaming industry is regulated by gaming regulators as it is at risk of financial crime. Gaming operators must not be vulnerable to money laundering and terrorist financing threats.
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.
Anti-Money Laundering (AML) compliance is mandatory in the United Kingdom for organizations at risk. The UK has been taking effective steps from the past to combat financial crime.
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.
As Sanction Scanner, we have prepared the "Expected Changes in AML After COVID-19" report with the support of many AML experts around the world. In this report, which we believe will benefit the sector, experts emphasized that companies must improve their financial crime-fighting and compliance processes against these risks.
Estate agents are an industry where there is a high risk of money laundering. Because of this risk, estate agents should prevent money from financing terrorist activities by doing Money Laundering Controls.