It is crucial for your business to review its anti-money laundering (AML) risk model to prevent financial crime. Let’s explore how reviewing your AML risk model can improve your AML operations.
Financial crime is on the rise, and so are the regulatory requirements for know-your-customer processes. Since 2017, audit and accounting firms have had to comply with the Anti-Money Laundering Act and risk severe penalties if they fail.
Money laundering has been a global issue for decades, and the fight against it continues to pose challenges. In this article, Dan Sjöholm, Chief Strategy Officer at Trapets, shares his insights on anti-money laundering efforts throughout the years.
KYC information is crucial for an organisation's AML efforts, as it helps it meet regulatory requirements, reduce risk, and make better business decisions. In this article, we explore the importance of implementing KYC processes.
The EU's Anti-Money Laundering Directives (AMLDs) require auditors and accountants to implement a risk-based approach to anti-money laundering.
In this article, we will discuss four steps to take to adopt a risk-based approach.
With organised crime on the rise, knowing who you do business with is more relevant than ever. Global reports show that many companies fail in their compliance efforts.
The Market Abuse Regulation continues to be a priority for regulators and authorities, and fund management companies must adapt to the latest rules. Here is what you need to do to comply with MAR.
The FX company's AML activities were manual and time-consuming, hampering the growth of the business. This is how Trapets’ solution for transaction monitoring overhauled the customer’s inefficient systems.
The financial sector is looking for experts in anti-money laundering (AML), which is crucial for preventing and detecting illegal activities. Reports show that the demand for AML talent has risen by 58% since 2016.
Insider trading is a complex and heavily regulated practice that has been the subject of much academic research and legal debate. This article explains insider trading, its legal implications, and best practices for companies to protect their business.
130 billion SEK is laundered in the Swedish financial system every year. Lawmakers want to combat financial crime, imposing strict know-your-customer requirements in an increasing number of sectors.
