A Guide to Anti-Money Laundering for Crypto Firms

Remittance

As the remittance industry has developed, so have the methodologies that criminals use to exploit its systems and customers. This infographic provides a checklist of factors remittance firms should consider to help build a successful AML compliance program.

As financial crime typologies and regulatory technologies evolve, how should compliance teams in remittance firms build and scale their AML programs? This infographic highlights the core components of a RegTech ecosystem that remittance firms should consider to achieve long-term success.

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?

pawaBank is a FinTech startup seeking to connect the African Diaspora to home and mitigate the high dependencies on workarounds that damage trust in existing remittance solutions.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has released a new guide aimed at tackling the increasing misuse of transaction payment text fields by criminals. The guide, Preventing misuse and criminal communication through payment text fields, aims to raise […]

6amld remittance money transfer

6AMLD Challenges: Remittance With the EU’s 6th Anti-Money Laundering Directive in effect, the money remittance industry must adapt to new compliance challenges.The European Union’s 6th Anti-Money Laundering Directive (6AMLD) was implemented across all member states on June 3rd 2021. One of […]

Money laundering through foreign exchange

Money Laundering Through Foreign Exchange Providers  Advances in technology have made moving funds to different parts of the world easier than ever and contributed to the growth in money remittance and foreign exchange service providers. The World Bank reports that, […]

Today, the trend of de-risking by banks still remains one of the greatest threats to the remittance industry. Not only does it put these businesses out of practice, it also deprives people who have limited access to the formal banking […]

PEP red flags

PEP Red Flags: Detecting Misuse Of The Financial System Many uncertainties and misunderstandings surround politically exposed persons, or PEPs. Classifying a client as a PEP is not an aim in itself; rather, it forms part of the process that enables […]