Tag: AML

The world of global finance comes with its share of dangers. From the looming shadows of money laundering to the menace of terrorist financing, safeguarding transactions is not just prudent, it's mandatory. This brings Enhanced Due Diligence (EDD) into the limelight.

The Tel Aviv District Court has approved the seize of a total of NIS $30m from the ousted Vesttoo co-founders Yaniv Bertele and Alon Lifshitz.

Identifying the legitimacy of businesses and merchants is not just a routine procedure – it's an essential protective measure for banks and financial institutions. But how can you verify if a business is legitimate? Fenergo delves into the concept of KYB.

Key Portuguese FinTech investment stats in H1 2023: • Portuguese FinTech deal activity reached 17 transactions in H1 2023, an 88% increase from H1 2022 •...

In a recent post, Moody's Analytics took the opportunity to provide a 'money laundering 101' case into how criminals launder money. 

Financial institutions often fall prey to money launderers who exploit these platforms to funnel, mask, transfer, and cleanse ill-gotten gains. This doesn’t just endanger the specific institution but imperils the credibility of the entire financial system.

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing...

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...

The European Banking Authority (EBA) has recently released its third Report on the efficacy of AML/CTF colleges. 

The digital transformation of KYC activity has offered asset managers create more efficient onboarding processes in a market with increasing demands to manage risk.