This outline of anti-money laundering and anti-terrorist financing (AML/ATF) in Canada summarizes the most recent legislation and changes to AML regulations. This includes the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), FATF’s most recent mutual evaluation, Canada’s […]
North Korea & cryptocurrency: What you need to know The Democratic People’s Republic of North Korea (DPRK) has a well-documented history of conducting illegal financial activities in order to circumvent the heavy sanctions that are imposed against its totalitarian government. […]
BaFin put N26 on warning once again for their lax anti-money laundering controls, according to an announcement made by the German regulator on Tuesday, May 11. The digital bank has been ordered to “rectify deficiencies both in IT monitoring and […]
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 […]
The global legislative landscape is constantly changing but keeping up with the most recent anti-money laundering regulations is a mandatory requirement for every financial institution in the world. The rapid pace of legislative reform in certain jurisdictions deepens the AML […]
The rise of blockchain technology has facilitated the spread of cryptocurrencies and other types of crypto assets. Secured by cryptographic algorithms and circulated without any need for a central bank authority, cryptocurrencies have disrupted traditional financial systems and are traded […]
As a gateway to China, Hong Kong is an important financial destination for businesses across APAC and the world, including numerous fintech service providers dealing in virtual assets such as cryptocurrency. Hong Kong’s regional and global status also makes it […]
A comprehensive guide to the US Anti-Money Laundering Act (AMLA), the most significant AML legislation passed by Congress in decades.
This guide is intended to provide Fintechs in EMEA with a checklist of key issues that they will need to consider when developing their financial crime framework and some practical ways in which they can go about addressing them.
This guide focuses on practical advice for building an effective AML program or enhancing your existing AML program, including policies and procedures for dealing with customer accounts and transactions.
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.
Santander UK has successfully cut the customer onboarding cycle time from 12 days mean cycle time to 2 days.
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