Recently, the Financial Industry Regulatory Authority (FINRA) issued a notice to firms to incorporate AML and CFT priorities for AML systems in advance of new regulations and standards coming in 2022.…
Who We Are: November 15th, 1996, Richmond, Virginia. The time and place Truth Technologies was born. It has been 25 years since the development of Money Laundering Detection System (MLDS),…
The Financial Action Task Force (FATF) has released a report detailing the role of shell companies and trade-based fraud to launder gains from environmental crimes. The report shows the need…
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…
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" 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…
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…
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…
The U.S. Department of Justice (DoJ) recently released an indictment against 32 bankers, located in China and North Korea. Covert branches of the North Korea owned Foreign Trade Bank (FTB)…
After a two-year investigation, the United Kingdom (UK) Metropolitan Police have frozen 25 accounts, possibly linked to the Italian mafia, holding more than €1.9 million. This is a victory for…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps financial institutions meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
