The Groundworks of the Money Laundering Scheme  Russian Oligarchs Viktor Vekselberg and Vladimir Voronchenko are accused of running a money laundering operation through their real estate properties in the U.S. The Department of Justice has alleged that six luxury properties have been maintained by channeling millions of dollars into the…

A look into Danske bank Danske Bank is a Danish multinational banking and financial services corporation. It was founded in 1971 and is the largest bank in Denmark. They have banks in Finland, Norway, Sweden, Lithuania, Poland, the United Kingdom, Northern Ireland, Ireland, India, and New York. Danske Bank is…

A look into SBF's childhood  Sam Bankman-Fried (SBF) founder of cryptocurrency exchange FTX Trading Ltd., was born on March 6th, 1992 in California. His parents, Joseph Bankman and Barbara Fried are professors at Stanford Law School and currently reside in California.  For High School, SBF attended Crystal Springs Uplands School…

What is FATF?  FATF is the Financial Action Task Force and is an intergovernmental organization of 37 jurisdictions founded in 1989. The FATF plans to hold annual checks to confirm countries are enforcing AML and terrorist rules concerning digital assets.  What's their plan of action? The FATF task force used…

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the virtual currency mixer Tornado Cash. Since it's creation in 2019, Tornado Cash has allegedly been used to launder more than $7 billion worth of virtual currency. Included in the $7 billion is over $455 million…

A Guide to 2022 OFAC Screening Requirements Financial institutions and other regulated entities have a duty to conduct risk assessments in an effort to prevent illegal transactions and comply with federal and state laws. These businesses are required to regularly screen new and current customers—both individuals and organizations—to verify their…

https://www.youtube.com/embed/mnLpnQ68x0Y https://youtu.be/mnLpnQ68x0Y?t=1 Check out this interview of our CEO and Founder of Truth Technologies Egide Thein speaking with OneIMS about how to grow a successfull business using the principles and practices of the Military. Egide introduces himself and then discusses how he became the Pioneer of AML/KYC Software-as-a Service and…

Money laundering is a growing problem around the world, and as technology advances, the issue will only get worse. Every regulated business and financial institution needs to have processes in place to identify areas of risk, detect suspicious transactions, and report financial crime to make sure the organization is not…