Financial crimes and the financing of terrorism have become an important global problem. With the development of Technology, criminals commit crimes with new methods. Terrorist groups are already using computer technology to facilitate traditional forms of activity with the development of Technology.
Sanction Screening Service is software that helps companies to detect financial crimes and comply with AML / KYC regulations. There are thousands of sanctioned people, organizations and countries in the world.
Sanction check is to take measures to prevent transactions with persons prohibited from certain transactions and activities.
FATCA stands for Foreign Accounts Tax Compliance Law. It is a law that requires American citizens to provide details of their financial accounts outside the U.S. to the IRS. The legislation was enacted in 2010 as the HIRE law.
Money laundering is the process of making large amounts of money generated by criminal activities as if it appears to have come from a legitimate source. Anti Money Laundering is a complex issue for financial institutions. AML compliance ...
Regulatory Technology, aka RegTech, is the platform that combines regulations with technology.
Know your Customer (KYC) is the process that businesses do to verify their identity before doing business with their customers. KYC regulations help companies protect themselves from illegal financial transactions.