Smurfing is an idea created by an expert to enable the sending of money that may be dirty without being noticed by those involved in Anti-Money Laundering. AML Smurfing allows criminals to effectively launder illegally earned cash by structuring deposits under reporting limits.
How Criminals Use AML Smurfing to Launder Money and Skirt AML Regulations? Read More »
We are sure you have wondered or are wondering what RegTech solutions are. It simply stands for Regulatory Technology. This tools helps in streamlining the process of regulatory compliance and also helps in meeting all requirements and standards. The RegTech solutions not only improve business operations but also help in complying with anti money laundering efforts. Here’s how they do it:
How RegTech Solutions in AML Compliance Increase Efficiency and Accuracy Read More »
Read this article to explore how technology is transforming AML and KYC procedures. The AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures were laborious and time-consuming. Fortunately, though, technology is altering the landscape. Technology is meaningfully impacting the finance landscape by combining technology with Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Technology is replacing traditional banking procedures.
How Technology is Transforming KYC and AML Processes Read More »
What is a PEP (Politically Exposed Person)? PEP Screening: What is it? This article provides a comprehensive overview of PEP screening, including its importance in the fight against financial crimes such as corruption and money laundering.
What is PEP Screening? Everything You Should Know Read More »
In this article, we have explained 7 ways in which you can streamline your bank’s AML compliance processes. Anti-money laundering (AML) compliance is a very important part of the operations of a bank. Learn about AML compliance and explore 7 strategies that banks can use to streamline their AML compliance.
Streamlining AML Compliance: 7 Strategies for Banks Read More »
