Tag: money laundering

Romance scams, particularly in the form of sextortion, have experienced a sharp increase, with Moody’s identifying 1,193 new entities and individuals globally with potential...

In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.

Financial crime has evolved significantly in our increasingly digital world. Money laundering, terrorist financing, and fraud are more sophisticated than ever, posing serious challenges for financial institutions mandated to stay compliant.

Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions...

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system...

TD Bank has been slapped with a staggering $3bn penalty for breaches of the BSA marking a record-setting moment in U.S. financial regulatory history.

Unlocking AML capabilities: How graph databases revolutionise financial crime detection

KYC regulations serve as a critical safeguard in Mexico, a country identified by the U.S. Department of State as a major conduit for laundering...

Lucinity, an AI-powered financial crime investigation platform, and Resistant AI, experts in detecting fraud and money laundering, have joined forces.

AML encompasses the regulations and procedures that regulated entities employ to prevent the conversion of illicit funds into seemingly legitimate income.