The evolving financial regulations spurred by globalization pose significant challenges, particularly for organizations involved in international transactions. The recent investigation by the Office of Foreign Assets Control (OFAC) into Russian accounts inherited by UBS from Credit Suisse highlights these complexities. Financial institutions must comply with Anti-Money Laundering (AML), Know Your…
A $2 billion fraud stresses the necessity of onboarding compliance. Financial institutions must leverage screening technologies within their compliance toolkit to guard against threats. Truth Technologies excels in AML, KYC, CFT, and PEP screening solutions, effectively protecting institutions from financial crimes. We’ll demonstrate how Truth Technologies strengthens your defenses. Ensuring…
The CRCA Conference 2024 in St. Maarten, held from October 16th to 18th, served as a prime chance for Truth Technologies Inc. to showcase our Sentinel Compliance Platform (SCP). It equips financial institutions with essential tools, enhancing risk management and ensuring adherence. Therefore, our goal was to build confidence in…
Truth Technologies Inc. proudly sponsored and participated in the ACAMS Conference in Las Vegas from September 23rd to 25th. This important event is a crucial hub for sharing new ideas and improvements in compliance. Our presence highlights our strong commitment to leading the way in compliance advancements. By connecting with…
Truth Technologies Inc. is happy to announce our future attendance at the FIBA 2024 AML Compliance Conference in Miami, FL. We're thrilled to be a part of this vibrant community of thought leaders, industry experts, and aspiring innovators. The Financial and International Business Association (FIBA) "is a non-profit trade association…
Vatican Cardinal Angelo Becciu Cardinal Giovanni Angelo Becciu was born in Pattada, Sassari, Italy, on June 2nd, 1948. On August 27th, 1972, Becciu became a priest. Pope Francis created and proclaimed Cardinal Becciu on June 28th, 2018. A Vatican cardinal is a senior ecclesiastical official within the Catholic Church whom…
The plea agreement(s) According to an article from Ballard Spahr, Binance Holdings Limited has agreed to plead guilty to violating the Bank Secrecy Act (BSA) by neglecting to uphold anti-money laundering cryptocurrency technology, not registering as a money service business (MSB), and lastly, by triggering violations of U.S. economic sanctions…
By Egide Thein, Founder Twenty-seven years ago, in November 1996, I incorporated Truth Technologies in Virginia. It resulted from professional experiences as a graduate of the Belgian Military Academy, Director of the Luxembourg Board of Economic Development, and spokesman for the European Union at the United Nations. It revealed insights…
Money laundering conspiracy & sanctions screening evasions John C. Unsalan, the president of Metalhouse LLC, has pleaded guilty to conspiracy to commit money laundering involving sanctions screening evasion. Unsalan formed Metalhouse LLC, a trading company that trades steel products and raw materials, in Florida in 2014. Unsalan has conducted transactions…
New sanctions It was reported last week that the U.S. had considered new sanctions on Iran. Today, the U.S. has implemented new sanctions to disrupt the funding of the Palestinian militant group Hamas. The U.S. Deputy Treasury Secretary Wally Adeyemo announced these sanctions in his remarks at the Royal United…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps organizations meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
