AML compliance Crypto Knowledge & training AML regulations for Canadian crypto firms: 2025 updates As the second-largest economy in North America, Canada is an important financial center on the global stage – and its crypto market is no exception. The country is expected to have 12.95 million cryptocurrency users by 2028, according to Moonpay,… 6 minute read
AML compliance Crypto Knowledge & training AML regulations for US crypto firms: A 2025 guide Cryptocurrencies and virtual assets (VAs) continue to go from strength to strength in the US. Fuelled in part by the announcement of a US strategic crypto reserve, activity and innovation are strong in the sector, building on a longer-term trend… 7 minute read
AML compliance Knowledge & training What is anti-money laundering (AML) software? The United Nations Office on Drugs and Crime (UNODC) estimates that two to five percent of global GDP is laundered annually – equating to between €715 billion and €1.87 trillion each year. As technology advances, so do the avenues through… 6 minute read
KYC/KYB Knowledge & training What is know your customer (KYC)? Know your customer (KYC) is the process financial institutions (FIs) use to verify their customers’ identities and inform compliance risk assessments. KYC is a foundation of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance in jurisdictions worldwide. Given… 7 minute read
AML compliance Knowledge & training What is a Money Laundering Reporting Officer (MLRO)? A Money Laundering Reporting Officer (MLRO) is a person responsible for implementing and overseeing a company’s anti-money laundering (AML) compliance program. The duties of the MLRO may involve serious legal consequences that result in civil and criminal action. Money Laundering… 5 minute read
AML compliance Digital banks Knowledge & training What is a Bank Secrecy Act (BSA) Officer? A Bank Secrecy Act (BSA) Officer is the person responsible for ensuring compliance with the Bank Secrecy Act of 1970, which aims to prevent and detect money laundering and other financial crimes. The Bank Secrecy Act is administered by the… 4 minute read
AML compliance Knowledge & training What is an AML compliance program? An AML compliance program is a set of regulations and procedures that FIs follow to detect and prevent money laundering and associated crimes, including fraud, tax evasion, and terrorist financing. Financial institutions (FIs), such as banks, credit unions, and capital… 10 minute read
AML compliance Knowledge & training What is an AML compliance officer? An anti-money laundering (AML) compliance officer is a professional appointed by an organization to ensure it meets its regulatory obligations. Compliance officers achieve this by developing and implementing effective AML compliance programs to mitigate their firm’s risks relating to money… 8 minute read
Adverse media Knowledge & training What is adverse media? Adverse media, sometimes called negative news, refers to information from news and other media sources that suggest an individual or entity may represent a financial crime risk. Because of the insights adverse media can provide, screening for it forms an… 8 minute read
AML compliance Knowledge & training What is an ultimate beneficial owner (UBO)? An ultimate beneficial owner (UBO) is someone who ultimately owns or controls a company and benefits from its financial transactions. Because UBOs sometimes seek to remain anonymous, often through a complex chain of corporate infrastructure, they may not be immediately… 7 minute read
AML compliance Knowledge & training The importance of financial intelligence (FINNIT) In the fight against financial crime, financial intelligence (FININT) has become one of the most valuable tools available to governments and financial institutions (FIs). The United Nations Office on Drugs and Crime (UNODC) estimates that 2–5% of global GDP, or… 4 minute read
AML compliance Knowledge & training What is the Dodd-Frank Act? In the wake of the 2008 financial crisis, the US government looked at ways to better regulate the behavior of banks, and to protect consumers. The subsequent Dodd-Frank Act became one of the most important articles of US financial legislation, introducing new… 6 minute read
