Category: COMPLIANCE

By Posted on Posted in COMPLIANCE, Money Transfer Business, Remittance 22 Comments
Wooden word block AML on the white background with glasses and magnifier. AML Anti Money Laundering Financial Bank Business Technology Concept

The business of money transfer is attractive to criminals looking to launder money or even non-criminals seeking legal loopholes to escape some form of legal payment imposed on their earnings by the law, hence the usefulness of anti-money laundering (AML). …

Understanding Anti-Money Laundering (AML) and Why it Matters Read more »

By Posted on Posted in COMPLIANCE, INSIGHTS 20 Comments
Close-Up Man Hand And Giving Turkish Lira. Finance And Economy.

Financial crimes/frauds are common within the money service business space, especially smurfing and structuring. They come in different shapes and sizes, be they, domestic issues, international issues, or both. Domestic crimes are bad, when these crimes involve offshore and international …

The Difference Between Smurfing & Structuring – Financial Crimes Read more »