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…
What Is Anti-Money Laundering (AML) and Why Is it Necessary?
As technology has improved during the past few decades, financial fraud has become more common as well. Even though technology has made a lot of our lives easier and more…
Truth Technologies is 24 Years Old – Trailblazer of AML/KYC Solutions
Founded by Egide Thein in late 1996, Truth Technologies, Inc. (TTI) was one of the very first companies to provide anti-money laundering and know-your-customer compliance solutions. Before the Patriot Act…
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…
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…
The “Travel Rule” for Cryptocurrency
The "travel rule" requires that firms engaged in money service businesses to share information about their customers and verify identities of customers. First issued in 1996, the travel rule (a…
The “Butcher of Hama” on Trial for Money Laundering
Rifaat al-Assad, known as the "Butcher of Hama" and the uncle of Syrian President Bashar al-Assad, has gone on trial for alleged money laundering. A politically exposed person(PEP), like Rifaat…
Westpac Bank’s Anti-Money Laundering Woes are Global
Ten banks in the Philippines are involved in a inquiry by the Bangko Sentral ng Pilipinas (BSP). The reason for the inquiry is to assess the banks and their relations…
Islamic banking in Luxembourg and the conflict of law
Islamic banking in Luxembourg and the conflict of law Islamic banking in Luxembourg and the conflict of law Islamic banking in Luxembourg and the conflict of law The financial center…
US dollar banknotes money cash corruption, dirty money financial crime and metal police handcuffs
White collar crimes
White collar crimes White collar crimes 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…
