Did you know charities face the same risks of money laundering as big banks? This fact highlights why anti-money laundering training is vital in the nonprofit world. Criminals can hide their bad money by using good deeds of charities. That’s why all charities need a strong AML training course for charities and strict rules to … Read more
In an era of unprecedented global challenges, the world of philanthropy is embracing the transformative power of blockchain technology. As a tool for revolutionizing charitable giving, blockchain offers a range of innovative solutions that can reshape the philanthropic landscape. From ensuring radical transparency and accountability to harnessing the potential of IoT devices and data-driven decision-making, … 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
Blockchain technology has emerged as a transformative force in revolutionizing sustainable business practices globally. By promoting transparency, traceability, and accountability in supply chains, blockchain enables businesses to ensure the use of sustainable and ethically sourced materials. This groundbreaking technology provides a secure and decentralized platform for recording and verifying transactions, reducing the risk of fraud … 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 recent years, the surge in crypto donations to charity has emerged as a significant trend, with remarkable growth witnessed in 2021. On Crypto Giving Tuesday, digital asset donations experienced a staggering 583% increase compared to the previous year, totaling $2.4 million in gifts. This rise in philanthropy through digital currencies reflects the growing interest … 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
The Giving Block is revolutionizing charitable donations by providing a seamless solution for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies. With trusted clients like the American Cancer Society and Save the Children, The Giving Block has raised millions of dollars in cryptocurrency donations. By streamlining the donation process and ensuring compliance with tax … Read more
Did you know non-profit organizations (NPOs) can easily be used for terrorist financing and money laundering1? It’s shocking to think how these groups, who help so many, could be in danger. This guide aims to show you how to follow Anti-Money Laundering (AML) rules, keeping your nonprofit safe and honest. Now, regulators see the need … Read more
Blockchain technology has emerged as a groundbreaking solution in addressing poverty alleviation, particularly for women. This article explores the transformative power of blockchain in empowering women, promoting financial inclusion, and creating equal opportunities. By leveraging its inherent characteristics of transparency, security, and decentralization, blockchain enables women to access tamper-proof credentials, overcome educational barriers, and achieve … Read more