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.
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.
Artificial intelligence and machine learning provide detecting and preventing money laundering and terrorist financing.
Many financial institutions are worried that digitization will greatly increase the risk of money laundering and fraud. In this article, the Sanction Scanner addresses the regulatory requirements for money laundering through Regulatory Roadmap.
AML Compliance, The European regulation for companies, and users from illegal transactions protective is Money Laundering Directive (6AMLD), which was adopted in the 2015th It is the main legal instrument to prevent the use of the Union's financial system for the purpose of money laundering and terrorist financing.
The Foreign Account Tax Compliance Act, also known as FATCA, is a federal law in the US that demands all American citizens report to the IRS details of any financial accounts if they have any accounts outside ...
The Bank Secrecy Act (BSA) is the United States of America’s most crucial anti-money laundering regulation.