Tag Archives: antimoneylaundering
FBI leak targets AML deficiencies in private investment funds
Why investment advisors, hedge funds and private equity firms should prepare compliance programs for increased regulatory scrutiny By Vanessa Malone In a leaked bulletin prepared by the U.S. Federal Bureau of Investigation in May 2020, the agency reported that “threat actors” are likely using hedge funds and private equity firms to launder money and avoid […]Continue Reading
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Why financial institutions should look to the blockchain for customer onboarding
How blockchain can help enhance KYC/AML requirements By Vanessa Malone With the ever-increasing Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance requirements companies are facing in the financial services arena, deploying technology solutions to keep up has become more of a mandate than a recommendation. Global penalties for financial institutions have reached $36 billion […]Continue Reading
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The EU steps up its crypto compliance laws for 2020
5AMLD- what’s in store for the blockchain community and how fintech can stay ahead of global regulation By Vanessa Malone The U.S. isn’t the only country cracking down on compliance initiatives surrounding blockchain and digital assets in 2020. Globally, anti-money laundering(AML) and Know Your Customer (KYC) requirements have continued to increase and become more applicable […]Continue Reading
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