By Egide Thein, Founder Twenty-seven years ago, in November 1996, I incorporated Truth Technologies in Virginia. It resulted from professional experiences as a graduate of the Belgian Military Academy, Director of the Luxembourg Board of Economic Development, and spokesman for the European Union at the United Nations. It revealed insights…
How Has Covid-19 Affected Financial Crimes? The Covid-19 crisis has had negative impact on businesses and their owners around the world. In order to help keep businesses afloat, the U.S. government created the Paycheck Protection Program (PPP) at the start of the pandemic. This program offered loans to help small…
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 first Anti-Money Laundering (AML) compliance solution. Our company became a trailblazer for Know Your Customer (KYC) and Anti Money…
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 for anti-money laundering compliance authorities to build working relationships with environmental protection agencies, environmental crime investigators, and other professionals that…
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…
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 efficient, it also makes us more vulnerable to attack. This includes money laundering. Because money laundering is becoming so common,…
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 and before many of the present-day regulations were started, TTI's Sentinel was a product for the future. It was designed…
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 of Luxembourg, in its quest for diversification away from former niche banking made impossible through automatic reporting, has turned among…
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 (And How to Stop Them) ...Perpetrators of many white collar crimes were not career criminals who set out to defraud…
Anti-money Laundering Software Market Expected to Grow till 2022 Anti-money Laundering Software Market Expected to Grow till 2022 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…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps organizations meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
