Financial crime Remittance Knowledge & training 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, between 2008 and 2018, the amount… 6 minute read
PEPs Digital banks Knowledge & training PEP red flags: 7 indicators for suspicion Many uncertainties and misunderstandings surround politically exposed persons (PEPs). Classifying a client as a PEP is part of the process that enables financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs) to assess the risks related to PEPs. Since… 7 minute read
