AML compliance isn’t just about getting the risk signals right, it’s about handling sensitive data with the same care you bring to financial crime detection. At KYC2020, we treat data privacy and security not as checklist items, but as core…
FinTech
Why is an AML Policy so important?
For more than 30 years, the Financial Action Task Force (FATF) has been the global standard by which many countries have wholeheartedly adopted the measure to combat Money Laundering and Terrorist Financing(ML/TF). Since the FATF first started in the late…
Designating the Chief AML Compliance Officer
A classic Fintech startup has a tight budget making it difficult to hire a dedicated Chief AML Compliance Officer (CAMLO). This leads them to designating either a founder or other members in the organization to take on this role as…
The Various AML Compliance Agencies
Navigating the complexities of AML compliance is no easy task. Simply understanding the agencies that create regulations and enforce regulations can be challenging enough. This makes the task of maintaining AML compliance even more challenging especially when it comes to…
Introducing Our Free AML Risk Assessment Tool
Any business that deals in money and financial assets should start with a Risk Assessment for Money Laundering, Human Trafficking, and Terrorism funding. This includes firms that deal in cryptocurrency, payments, remittances, real estate, and other high-value commodities. AML Risk…
The Newcomer’s Guide to The Essential Features of a Robust AML Compliance Program
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…
The Newcomer’s Guide to Consulting Solutions for AML Compliance
When I first started doing research about AML compliance, one of the first things I realized was how inaccessible good AML compliance solutions have been historically. Banks were always the primary users of programs for AML compliance and they needed…
The Newcomer’s Guide to Protecting Your Small Business from Money Laundering
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…
Another Blog on the Wall
Warning: this blog is not a blog. There are no insights on AML Compliance or Sanction Screening or KYC or OFAC or Global PEP lists. This is just therapy for the Author before he initiates himself in the world of…
AML Compliance for the Future: A Primer
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…