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…
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…
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)…
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…
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…
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…
Today Truth Technologies Inc. (TTI) enters its 23rd year in the business of regulatory compliance solutions. In the history of financial crime compliance, TTI has been a trailblazer from the early beginnings in the development of anti-money laundering solutions more than 22 years ago. Founded by Egide Thein in late…
According to a recent report by Marketing Insights, the anti-money laundering market is expected to grow with a CAGR of 11% in the next 5 years. Truth Technologies is mentioned in the report as one of the leaders in this industry. Reference: Apex news, Aug 7, 2017
This is an excerpt of a remarkable article by Alice BrightSky, senior director of Fordham Law's compliance programs. Why People Commit White Collar Crimes (And How to Stop Them) ...Perpetrators of many white collar crimes were not career criminals who set out to defraud their employers, clients, and shareholders, but…
Islamic banking in Luxembourg and the conflict of law The financial center of Luxembourg, in its quest for diversification away from former niche banking made impossible through automatic reporting, has turned among others to Islamic Finance. Products formerly unknown are listed on the Luxembourg Stock Exchange, Parliament recently authorized the…