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Explore expert analyses, industry trends, and strategic advice on Anti-Money Laundering and Counter-Terrorist Financing. Stay ahead in the world of risk management with our in-depth articles and thought leadership pieces.

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Regulations in the United States – What is the Securities and Exchange Committee (SEC)?

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January 22, 2021
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17 Minutes
#Regulation #SEC #USA
The Securities and Exchange Commission (SEC) was established in 1934 with a mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital
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Preventing Misuse of Legal Persons: Insights from the FATF Report on Beneficial Ownership

September 6, 2023
5 Minutes
#FATF #BeneficialOwnership

The misuse of legal persons, such as shell companies, for moneylaundering and terrorism financing has long posed...

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Unravelling the Underworld:What is Money Laundering and How Can We Prevent It?

September 1, 2023
5 Minutes
#AML #MoneyLaundering

Moneylaundering is a serious global issue that has far-reaching implications. Butwhat is laundered money?...

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Updated Casino Regulations in the United Kingdom

August 29, 2023
5 Minutes
#AML #UnitedKingdom #CasinoRegulation

The casino regulations in the United Kingdom were updated on the 7th of June 2023, in accordance with the release...

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Navigating the Complex AML/CTF Landscape in the USA: An In-Depth Guide for Compliance Professionals

15 August , 2023
5 Minutes
#AML #USA #America

The United States remains a global economic leader, driven by technological advancements, strong consumer spending...

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Fighting Dirty Money in the Desert Kingdom: The
Evolving State of AML in Saudi Arabia

8 August , 2023
4 Minutes
#AML #SaudiArabia

With vast oil wealth and a strategic geography, Saudi Arabia holds an influential position, both in the Middle East and globally...

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Outcomes of FATF Plenary – June 2023


29 June , 2023
4 Minutes
#FATF #Plenary

The recent plenary meeting of the Financial Action Task Force (FATF) took place on 21st- 23rd of June 2023...

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The Travel Rule and the Transfer of Funds Regulation in the European Union

June 22, 2023
4 Minutes
#TravelRule #FATF #TFR

The Travel Rule is also known as the Financial Action Task Force (FATF) “Recommendation 16” - a requirement developed to...

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Identity Theft

June 13, 2023
2 Minutes
#IdentityTheft #CyberSecurity #DataSecurity

Identity theft is a term used to describe the fraudulent practice of using someone else’s information...

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The 5 Pillars of an Effective Compliance Program

June 2, 2023
3 Minutes
#AML #Compliance #RiskBasedCDD

Regulated entities must establish an effective AML compliance program to prevent...

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AI in Risk Management: Maximising Opportunities and Overcoming Challenges

May 31, 2023
4 Minutes
#AI #RiskManagement #AIEthics

Artificial intelligence (AI) has emerged as a transformative force across various industries...

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The State of AML Regulations in Australia

May 18, 2023
3 Minutes
#AUSTRAC #AML #Australia

The Land Down Under is Thriving, But Money Laundering Remains an Ongoing Challenge...

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Why Wildlife Crime is a Global Threat?

April 3, 2023
4 Minutes
#Wildlife #FINTRAC #Canada

Wildlife crime is the illegal trade of protected animal and plant species. This activity poses significant threats to...

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2022 Financial Crime Penalties: A Closer Look at the Costs of Non-Compliance

March 29, 2023
5 Minutes
#non-compliance #AML #KYC

inancial crime may result in severe penalties. Therefore, several anti-financial crime regulations are designed to combat economic crime and protect...

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The State of AML Regulations in the United Kingdom

March 22, 2023
5 Minutes
#UK #KYC #AML

The UK is a major financial and economic hub, with London being one of the world’s leading financial markets...

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Outcomes of the FATF Plenary – February 2023

February 24, 2023
5 Minutes
#FATF #KYC #AML

The Financial Action Task Force (FATF) is a global body which sets standards and provide guidance for combating money laundering and terrorism financing...

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The State of AML Regulations in UAE

January 24, 2023
4 Minutes
#UAE #AML #PEP #KYC

The United Arab Emirates (UAE) is a country with immense economic potential and growth. The banking, tourism, real estate, retail, and even technology sectors have experienced impressive growth in recent year...

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Shell Companies

January 12, 2023
4 Minutes
#ShellCompanies #AML #PEP #KYC

Shell companies, also known as shell corporations or personal investment companies...

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What is PEP, SIP and RCA

December 9, 2022
5 Minutes
#PEP #SIP #RCA

In the world of anti-money laundering (AML) and counter-terrorist financing (CTF), there are a lot of acronyms thrown around...

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What is the difference between AML and KYC?

December 2, 2022
5 Minutes
#AML #KYC #difference

Two of the most important compliance regulations are AML and KYC. Both AML and KYC have their own set of guidelines that businesses and organizations must follow...

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What is KYC

November 30, 2022
4 Minutes
#AML #KYC #KYB

To combat this complex and persistent problem plaguing societies, economies, and organisations around the world, AML laws have been designed to make it harder for criminals to move and hide their illicit money...

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What is AML

November 24, 2022
4 Minutes
#AML #MoneyLaundering

KYC stands for "Know Your Customer". It is a customer identification process that organisations use to verify the identity of their customers...

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What is Smurfing?

November 13, 2022
6 Minutes
#AML #Smurfing #MoneyLaundering

Most people have probably heard of "smurfing" or "smurfs" in relation to the popular cartoon characters...

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The Three Stages Of Money Laundering

November 10, 2022
8 Minutes
#AML #3stages #MoneyLaundering #Placement #Layering #Integration

Everyone's heard of money laundering, but not everyone knows how it really works. Money laundering is the sneaky process of moving illegal money from...

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Money Laundering Through Money Orders

November 2, 2022
7 Minutes
#AML #Regulation #MoneyLaundering

When it comes to laundering money, many people think of huge schemes with complex financial transactions...

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What Is the 6th EU Anti-Money Laundering Directive?

October 27, 2022
5 Minutes
#AML #EU #Regulation #CTF

As a business owner, it is vital to ensure you are doing everything possible to comply...

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The State of AML Regulations in South Africa

October 10, 2022
8 Minutes
#AML #SouthAfrica # Regulation

In recent years, South Africa has experienced an economic boom. This is particularly true in the financial services industry...

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A Guide to FATF’s Travel Rule

August 30, 2022
4 Minutes
#TravelRule #FATF #AML #CTF

A recent Australian government study reveals that do not have improved policies to manage personally identifiable information

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Politically Exposed Person (PEP): What Is It?

July 28, 2022
5 Minutes
#PEP #MONITORING #AML #CTF

Are you concerned about the risk of working with a Politically Exposed Person (PEP)? ...

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PRIORITIES FOR THE FINANCIAL ACTION TASK FORCE UNDER THE SINGAPORE PRESIDENCY

July 15, 2022
5 Minutes
#Singapore #FATF #AML #CTF

The Singapore Presidency of the Financial Action Task Force (FATF) from 2022 to 2024 intends to enhance...

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Bank Secrecy Act: What Is It?


July 11, 2022
4 Minutes
#BSA #KYC #AML # SAR

The process of money laundering attempts to release criminally based funds into the legal financial system...

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FATF Blacklist & Greylist: What Do you Need to Know

July 5, 2022
4 Minutes
#FATF #blacklist #graylist #aml

Are you concerned about the FATF Blacklist?...

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Results of the FATF Plenary - June 2022

July 1, 2022
4 Minutes
#FATF #plenary #AML #KYC #KYB #risk-based #guidance

Incombination with anti-money laundering (AML) regulations, non-compliance canresult in substantial fines...

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France, Latest FATF Recommendations

June 25, 2022
3 Minutes
#France #FATF #KYC #AML Recommendations

The country of France is challenged with a large range of money laundering risks (ML) both domestically and internationally...

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How the Lummis-Gillibrand Bill will affect Cryptocurrency Regulation in the United States

June 13, 2022
2 Minutes
#Compliance #Crypto #KYC

Being the first dual-party legislation that proposes to govern the regulation of digital assets, the Responsible Financial Innovation Act (RFIA) aims to...

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KYC for Crypto - AML/CTF Compliance

May 20, 2022
3 Minutes
#Compliance #Crypto #KYC

Know Your Customer (KYC) is an important step when dealing with cryptocurrencies. Learn what KYC for crypto means and why it’s so important...

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Why ongoing monitoring is important for your business health?

April 18, 2022
3 Minutes
#PEP #SANCTION CHECKS #KYC

With advancements in technology and constant regulatory updates, it is hard to know if your business has taken all the precautionary measures to ensure you ‘Know Your Customer’...

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Why you need PEP and Sanctions Screening for your business’ AML/CTF compliance?

March 16, 2022
5 Minutes
#PEP #SANCTION SCREENING #AML #CTF

AML/CTF compliance begins with mandatory client verification and screening for Politically Exposed Persons (PEPs)/Sanctions...

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Why you should invest in an Identity Verification (IDV) solution for your business?

February 4, 2022
3 Minutes
#IDV #MFIs #AML

Are you losing good customers to a cumbersome onboarding process? Do you want to stay ahead of potential data breaches and risks of farming out the customer verification process to third-party vendors?...

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Why using third-party services for PEP and sanction checks adds value to your business

January 16, 2022
3 Minutes
#PEP #SANCTION CHECKS #KYC

With Anti-Money laundering (AML) and Counter Terrorism Financing (CTF) legislation at the focus of security and fraud detection globally...

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How businesses need streamlined apps for KYC and AML / CTF compliance programmes

December 07, 2021
3 Minutes
#KYC #CTF #AML

As businesses scale up and expand operations beyond borders, they also need to conduct transactions rapidly and seamlessly...

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A detailed guide for AML compliance around the world

November 4, 2021
5 Minutes
#AML #Compliance # Regulation

The past few years have seen a rise in regulatory pressures across the world, together with an increase in the number of high profile fines and probes...

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Why microfinance institutions may discourage the use of money laundering and terrorist financing

May 20, 2021
5 Minutes
#Microfinance #MFIs #AML

Microfinance Institutions (MFIs) are financial companies that provide small loans to the unbanked sections of society or low-income groups.

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article

Regulations in the United States – What is the Securities and Exchange Committee (SEC)?

April 22, 2021
2 Minutes
#Regulators #SEC #USA

The Securities and Exchange Commission (SEC) was established in 1934 with a mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation...

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article

AML regulations in India

March 15, 2021
2 Minutes
#AML/CTF #India #Regulation

In recent times, money laundering and terrorism financing have attracted a lot of attention forcing governments and regulators, across the globe, to focus their energies on stopping the illicit flow of funds...

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article

Regulation in Hong Kong

March 14, 2021
2 Minutes
#AML/CTF #HongKong #Regulation

The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. It was established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking. The HKMA’s four main functions are...

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Artificial Intelligence in Financial Crime

March 14, 2021
3 Minutes
#ArtificialIntelligence #FinancialCrime

Artificial Intelligence within Financial Crime Financial crime is a major threat to financial institutions (FIs) today. Criminal networks are employing financial crime to underpin...

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The Reserve Bank of India and AML/CTF regulations

March 14, 2021
3 Minutes
#AML/CTF #India #Regulation

The Reserve Bank of India, which was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act...

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