Over the past year, we have observed the impact of COVID-19 in almost all sectors. Finance has undoubtedly been the sector most affected by the epidemic. As banks took action to reduce the financial implications of working from home and pandemic processes, more responsibility fell on compliance teams. Many compliance…

The “A risk-based approach guide to virtual assets and VASPs” published by the Financial Action task force in 2015 was also updated by the Financial Action Task Force (FATF). …

Casinos are one of the industries most at risk of money laundering. One of the biggest reasons criminals choose casinos for money laundering is that many casino businesses do not comply with existing money laundering procedures and do not carry out the necessary controls. …

In general, the Swedish financial sector is vulnerable to money laundering and terrorist financing. Also, It does not have a national AML / CTF mechanism. Therefore, it becomes essential for the country to establish a money-laundering prevention system. An effective regime in Sweden also prevents it from being the preferred…

Luxembourg is an accessible financial center in an international frame. With the latest developments in virtual currencies, it has succeeded in making itself a world leader in digital financial services. The development of Cryptocurrencies and Blockchain technology has also caused various movements in the financial sector of Luxembourg. …

One of the most significant requirements in preventing money laundering is that all financial institutions comply with and develop a risk-based AML program against money laundering and terrorist financing risks. A risk-based AML program includes Customer Risk Assessment, Customer Due Diligence, Enhanced Due Diligence, transaction monitoring, adverse media screenings, and…

One of the most significant requirements in preventing money laundering is that all financial institutions comply with and develop a risk-based AML program against money laundering and terrorist financing risks. A risk-based AML program includes Customer Risk Assessment, Customer Due Diligence, Enhanced Due Diligence, transaction monitoring, adverse media screenings, and…

The past is full of various money laundering scandals. Moreover, these scandals continue to increase day by day. However, unlike in the past, today, there are many areas based on technology to prevent money laundering. When examining today’s financial crime environment, it is necessary to draw attention to the difficulties…

Al Capone, known as Scarface, was born in Brooklyn in 1899. A member of various gangs, including his childhood, Al Capone was America’s most famous organized crime leader from 1925 to 1931. On June 5 1931, Capone was charged with evasion of 22 federal income taxes between 1925–1929. On June…