A Guide to Anti-Money Laundering for Crypto Firms

The State of Financial Crime 2022

This annual report, based on a global survey of 800 compliance professionals across North America, Europe and Asia Pacific explores some of the biggest financial crime challenges firms are facing.

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Latest News

The Japanese government has announced plans to introduce new rules to mitigate money laundering through crypto. Expected to take effect in May 2023, the regulations will provide Japanese authorities with additional monitoring capabilities to track virtual currency transfers. Japan’s Act […]

Oliver Furniss, Chief Product Officer  To keep our customers up to date with product updates, we’ll be posting a regular update every quarter or more frequently for specific bigger updates. Here’s an overview of the improvements we’ve released recently. If […]

As part of an ongoing effort to promote regulatory collaboration, the Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) have entered into a FinTech Co-operation Agreement (CA). Announced on September 18, 2022, the partnership builds […]

On September 13, 2022, the Central Bank of Ireland fined Danske Bank €1.82m for transaction monitoring failures in its anti-money laundering (AML) and terrorist financing systems. Pursuant to the Central Bank’s administrative sanctions procedure, Danske Bank was reprimanded by the […]

Over EUR 4 million in cash has been seized from an extensive criminal network providing illicit financial services in a joint operation between the Spanish Civil Guard (Guardia Civil) and the German Criminal Bureau (Landeskriminalamt) of Hamburg. The disrupted organized […]

On September 6, 2022, acting Comptroller of the Currency Michael J. Hsu warned that bank-FinTech partnerships and their foray into the world of payments and lending could lead to increased risk for the banking industry.  At the Clearing House and […]

Reports

Singapore report image

Singapore is often rated as the top location outside of Silicon Valley for technology innovation and disruption. As a result, it has become a thriving hub for FinTechs. This guide explores how firms operating in Singapore can comply with the city-state’s AML/CFT regulations.

AML for Australian Fintechs booklet image

As FinTechs grow and acquire more customers, their AML/CTF programs must also mature. The firms best set up for success are those with scalable solutions and a sound understanding of AUSTRAC’s expectations of the firms it regulates. This guide provides hands-on tips and best practices for any FinTech looking to scale in Australia.

AML Guide for Canadian Fintechs

Canada has a vibrant FinTech ecosystem, with more than 1,200 FinTechs using innovative technologies to disrupt financial services. To scale effectively, FinTechs need to ensure their AML/ATF programs are set up for success. Our hands-on guide to the AML landscape in Canada provides best practice guidance.

As financial crime typologies, payments use cases, and regulatory technologies evolve, how should compliance teams in remittance and cross-border payment firms build and scale their anti-money laundering (AML) programs?

AML Crypto guide

This guide covers the essentials of building and scaling a crypto AML program, how to navigate regulatory change, and the emerging use cases – and threats – compliance teams should look out for.

ComplyAdvantage Guide to Sanctions

This report takes a look at the evolution of the current international sanctions environment, and the key issues in sanctions today: the key regimes, underlying geopolitical risks, sanctions evasion, and the development of national policy in some of the key regimes, national perspectives, and thematic trends.

For many early-stage, fast-growing fintechs, implementing anti-money laundering compliance tools and processes can be a challenge. This guide is designed to provide startups with practical tips to enable them to build a compliance function that can scale with their businesses.

This annual report, based on a global survey of 800 compliance professionals across North America, Europe and Asia Pacific explores some of the biggest financial crime challenges firms are facing.

Customer Stories

TransferMate is one of the world’s leading B2B payments infrastructure-as-a-service companies. Based in Ireland, the company enables individuals and businesses to make seamless, cost-effective cross-border payments in more than 201 countries and 141 currencies.

As a leading global provider of software and data analytics to the real estate industry, RealPage provides a suite of cloud-based software that helps residential real estate owners and operators manage the tenant lifecycle.

OakNorth bank AML

The Outcomes ComplyAdvantage’s comprehensive data coverage means OakNorth Bank is now able to use one single platform to onboard and monitor customers against all relevant databases. The solution’s customizability has made it easy to configure search algorithms and select the […]

IPT Africa’s compliance team can now make informed decisions about client risk, escalate potential high-risk cases, and take actions in real-time, which ultimately shortens the time it takes to onboard new customers.

Trending Topics

Knowledge & Training

AML teams using legacy transaction monitoring programs frequently deal with backlogged systems. Their analysts often experience burnout from processing high volumes of alerts with too many false positives. Without a way to triage incoming alerts, highly-qualified investigators can spend most […]

Money2020 Challenge featured image

AML Challenge: The Curious Case of Mr. Y As a compliance officer operating in a highly complex financial crime environment, sometimes what ‘suspicious’ looks like isn’t always obvious. In this challenge, you’ll be presented with a set of information about […]

Australia has one of the largest economies in the Asia Pacific, and hosts thousands of international businesses, including a diverse community of FinTech service providers. From 2017 to 2021, the number of Australian FinTechs doubled to around 800, contributing to […]

A customer risk assessment is a necessity when onboarding new customers. It ensures that high-risk individuals are identified, and appropriate anti-money laundering (AML) measures are put in place. But what elements should firms consider as part of an AML customer […]

Being aware of the conditions that increase the likelihood of a customer’s involvement in money laundering (ML) or terrorist financing (TF) is a responsibility that financial institutions cannot take lightly. The absence or inadequacy of robust ML/TF risk management programs […]

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