06
Nov
The Financial Action Task Force (FATF) defines a politically exposed person (PEP) as someone who has been be abused. There have been many examples of PEPs being associated with money...
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Anti Money Laundering
01
Oct
Technology is going to play a significant role in simplifying the anti-money laundering (AML) process. Money laundering around the world makes up about 5% of the global GDP, amounting to...
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20
Aug
Bank operated cross-border payment are more complex than most people realize. For a bank to perform a cross-border transaction, they have to follow a variety of steps. First, they must...
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08
Aug
Noncompliance is an important topic for banks around the world. If a bank fails to meet compliance standards for certain directives they risk having to deal with severe fines. For...
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06
Aug
When Bitcoin was released to the world in 2009, it was a part of a noble cause. Bitcoin offered people a secure way to perform digital, financial transactions on the...
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19
Apr
Money laundering around the world makes up about 5% of the global GDP, amounting to around 2 trillion USD. The amount of money being transferred in these transactions has drawn...
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17
Feb
Small businesses that have reported occupational fraud have suffered an average loss of $150,000. While business owners must remain vigilant, they also need to review their financial processes in a...
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09
Feb
Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) regulations are financial security protocols in place to prevent fraudulent activity. As money is a limited resource – i.e., there is only a finite amount...
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