Whether it is updates about Truth Technologies or news about things happening in financial crime, you can find the information here.
German media have dubbed it "the biggest financial fraud trial" in Germany since WWII. Two British citizens are accused of using cum-ex transactions to defraud the German government out of almost $500 million dollars. The trial is ongoing in Bonn, Germany with the accused facing a 635-page charge sheet. Cum-ex trading was outlawed in 2012, but the accused are only charged with instances occurring in 2011 or before. However, this trial could help the German government [...]
HSBC has agreed to pay $336 million to settle a tax fraud dispute in Belgium after prosecutors alleged that HSBC committed tax fraud, forgery, money-laundering, and other illegal activities. In 2004, the European Union applied a tax on savings income and the prosecutors allege that HSBC aided wealthy clients in hiding money in off-shore companies. It is possible that billions of dollars were hidden in tax havens around the Caribbean. The payment is intended to [...]
Truth Technologies was incorporated in 1996, 23 years ago. It was in many ways a trailblazer: It was an AML compliance solution based on a vision of future KYC regulations at a time when there were no KYC regulations yet. It was conceived as a Software as a Service (SaaS) anti money laundering and compliance solution before SaaS had a name and the internet developments were still slow. It developed a filtering technology before it [...]
Noah’s Ark Communities to Provide Residential Living for Adults with Disabilities, focused on Autism Naples, Florida, 03 May, 2019: Truth Technologies supports Noah’s Ark Communities a 501(c)(3) charitable organization providing a safe residential living, learning and work environment to individuals with developmental disabilities, with a focus on the autistic spectrum disorder. The organization’s mission is to develop residential villages nationally, serving about 120 individuals each. Residents of Noah’s Ark Communities typically will be age [...]
Truth Technologies exhibits at the 24th annual ACAMS Conference in Hollywood, Florida, April 15 – 17, 2019. ACAMS, the Association of Certified Anti-Money Laundering Specialists organizes this largest conference and tradeshow on financial crime since 1995. Truth Technologies, the pioneer in developing regulatory compliance technology solutions was represented at all 24 conferences. If you attend, we look forward meeting you (again) at Booth 602.
Truth Technologies is at FIBA AML 2019, the Florida International Bankers Association’s Annual Anti Money Laundering Conference, Miami, March 11, 12 & 13, 2019. https://fibaaml.fiba.net/ FIBA AML is one of the major annual Conferences and Trade Shows where Truth Technologies, doing business as General FinTech in Florida presents its regulatory compliance technology solutions in the areas of anti-money laundering, anti-terrorist financing, sanctions, KYC, and anti-bribery regulations.