Discover the importance of Source of Funds (SOF) and Source of Wealth (SOW) in finance. Learn how they impact transactions and ensure financial security.
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This step-by-step guide covers everything from required education and skills to land your first job in this growing field.
Dive into the debate of outsourcing vs in-house systems for Know Your Customer (KYC) compliance. Understand the advantages of outsourcing for compliance, efficiency, and cost-effectiveness, as well as the potential downsides of data privacy and lack of control in an in-house system.
AUSTRAC attaches importance to Compliance reports to make all companies other than exempt companies secure against financial crimes.
The European Banking Authority (EBA) has launched a consultation on AML/CTF officers' roles, responsibilities, and tasks.
Valuable metals, stones, and jewelry are trafficked from countries as a money laundering source.
Two US Army military personnel plead guilty to catfishing and money laundering, the US puts additional sanctions on Syria, the UK, and the EU strike a Brexit agreement.
The International Money Laundering Information Network (IMoLIN) is an organization that plays an active role in the fight against money laundering and helps those working in this field.
The Bureau of Industry and Security (BIS) is a US Department of Commerce agency dealing with national security and high technology issues.