Cryptocurrency donations are becoming a powerful weapon against financial crime. Bitcoin’s market value has soared to hundreds of billions of dollars. Altcoin projects worth billions are now common1. Anti-money laundering crypto charities are changing how non-profits approach fundraising and transparency. They use blockchain to make every cryptocurrency donation traceable. This is vital in countries like … Read more
Did you know financial groups use rules-based models from many sources to get a risk rating? They use this for looking at financial crime risk1. With more financial crimes happening, strong anti-money laundering (AML) risk scoring methods are a must. These methods help these institutions and protect your money by keeping the financial world clear … Read more
Did you know large cash flows to the homeland of foreign leaders of nonprofits signal a big AML red flag? This fact shows how risky financial moves can be in such groups. It also points out the danger of money laundering. It’s very important to spot these signals. This way, we keep nonprofits safe and … Read more
In 2020, financial institutions were fined over $10.6 billion for not following Anti-Money Laundering (AML) rules. Such a large number shows how vital it is to have a strong AML program. Without it, your company’s reputation and finances could suffer greatly. Knowing how to put in place the right AML steps and making complete AML … Read more