AML Bytes

Regional RegTech firm Tookitaki launches in the Philippines, fosters partnerships with the country’s leading all-in-one money platform and PayMongo to fight financial crimes

Some of the biggest cryptocurrency exchanges in the world are under federal investigation for allegedly breaking American sanctions by enabling users to buy and sell digital tokens in Iran and other...

What is De-Risking? Every organisation in the financial industry must be up to date on compliance requirements as well as new updates, regulations, and trends in this field.

The Philippines is one of the largest and fast-growing economies in Southeast Asia. Its relatively young population and broad mobile network penetration have boosted the country's internet-based...

Members of the European Parliament argued in proposed changes to the law released this month, that non-fungible token (NFT) trading platforms should be subject to EU anti-money laundering (AML) laws.

According to a worldwide anti-money laundering watchdog, the majority of nations lack "travel rule" laws that may aid in preventing the unauthorised use of cryptocurrencies by criminals and...

The US financial regulators called on banks and credit unions in the country to follow a risk-based approach to assessing customer relationships and to avoid blind de-risking.

Working with other interested parties, including the American Bankers Association, a group of money services businesses (MSBs) published a best-practices guide for MSBs on anti-money laundering and...

Money Laundering via Crypto While there may not be a competitor to the currency in terms of laundering volume at present, the ever-increasing use of cryptocurrency and their unregulated or...