In my research to better integrate into the KYC2020 team, I discovered that having an anti-money laundering program in place is a pre-requisite for all organizations these days. Money laundering has serious consequences attached to it and failing to implement…
I’ve been writing this Newcomer’s Guide to the AML Galaxy for a while now and I’ve written a line over and over again, “Failure to comply with AML regulations has serious consequences.” But I’ve never gotten into any specifics. Yes,…
When I was hired on to help KYC2020 with their marketing strategy, I was completely new to the concept of AML complaince solutions. I never thought seriously about the threat of money laundering. Nor had I thought about what steps…
New payment innovators, FinTech, Virtual Currency exchanges, and MSBs face the challenge of not knowing which sanction lists they should be screening for AML compliance. Their compliance programs often lack a risk-based approach to sanction screening, resulting in tremendous cost…
As technology becomes an ever larger part of our lives, the way we handle money is changing. For years now, FinTechs have been at the frontlines of this changing landscape, by providing customers with better, faster and more inclusive financial…