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 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.
