AML Risk Assessment Steps: A Step-by-Step Guide to AML Compliance
Modern financial services face substantial increases in criminal activities, including money laundering and terrorist financing. Digital payment systems resulting from Fintech innovations allow worldwide users to perform secure monetary transfers across numerous locations through flexible channels. Therefore, financial institutions must identify and evaluate money laundering risks and develop anti-AML solutions. In this blog, we’ll discuss […]
Shell Companies and Money Laundering: AML Red Flags to Watch
Shell companies have been the centre of attention and conflict among various interest groups for many years. Many high-profile scandals include shell companies because they support some of the world’s most notorious money laundering operations. But what exactly are shell companies? Through which illegal channels do they allow money to transit? In this guide, we’ll […]
