What is the Role of Anti Money Laundering in Insurance Sector?
Like other industries, the insurance sector experiences significant harm because of money laundering activities. Criminals conceal their dirty money through insurance policies, making them difficult for law enforcement to track. In this case, robust AML programs protect both financial safety and business. These programs protect insurance policies against misuse in criminal activities. In this guide, […]
9 Different Types Of Money Laundering Activities Banks Must Know
Money laundering is a serious financial criminal operation that hides illicit money through legitimate schemes. Various methods, including shell companies and cryptocurrency transactions, launder dirty money. Therefore, understanding the typology of money laundering is vital for financial institutions and businesses in detecting financial crimes. In this article, we’ll discuss 9 types of money laundering activities […]
Difference Between Embezzlement and Money Laundering Crimes
Financial crime continues to evolve rapidly, making it increasingly complex to navigate illicit activities. Embezzling and money laundering are both financial sector offenses that affect customers and financial institutions differently through distinct effects and expected evolutions. Therefore, understanding the differences between embezzlement and money laundering helps AML practitioners follow regulatory rules for efficient crime prevention. […]
