The Role of Sanctions and PEP Screening in the KYC Process

High-risk businesses like banks, law firms, insurance companies, and other regulated entities must perform screenings of both new and current customers as part of the risk assessment process. These checks help make sure the business’s capital, reputation, revenue, and future are protected from illegal activities like money laundering or the…

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What is an AML Compliance Program?

During the past few decades, financial crimes have only become more common. Because there are more ways than ever to process payments, there are also more apps that have to be sealed. As a result, both government institutions and financial organizations are looking for ways to prevent money laundering from…

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The Future Is Now!” at the latest AML ACAMS Conference in Las Vegas

The Annual Anti-Money Laundering and Financial Crime Conference hosted by the Association of Certified Anti-money Laundering Specialists (ACAMS) will begin in late September 2019. Truth Technologies has been attending this conference for years and is excited to attend again. With topics ranging from sanction screening and PEP (politically-exposed person) screening…

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Danske Bank’s Estonian Branch Enters Liquidation after Involvement in a $220 Billion Money Laundering Scandal

The fight against corruption and money laundering scandals in the European Union continues. Danske Bank, Denmark's biggest bank, has closed down all banking activities in its Estonian branch. The Danske branch in Estonia has been under close investigation for money laundering. During the investigation, Danske's previous CEO has stepped down…

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