The latest in #AML and #Sanctions Compliance

Mahsa Amini

Sanctions on Iran’s Morality Police

🖤The death of 22-year-old Mahsa Amini’s at the hands of Iran’s morality police leads to additional Iranian sanctions. 🇺🇸The U.S. government on Thursday imposed #sanctions on Iran’s

AML & KYC Compliance

The Impact of Over-Compliance with Sanctions

Sanctions are an important tool the international community can use to change or influence the behavior of a country or regime that is violating human

Effects Russian Sanctions
AML & KYC Compliance

The Impact of Russian Sanctions on The West

Western nations have imposed stringent sanctions on Russia following the attack against Ukraine in February 2022. Within weeks, the country lost half of their imports

Money Mule
AML & KYC Compliance

What Is a Money Mule?

Money mules are individuals who transfer or otherwise move illegally acquired money on someone else’s behalf, usually as part of a money laundering scheme. Money

Transaction Monitoring
AML & KYC Compliance

What Is Transaction Screening in AML?

Stringent international steps against money laundering require organizations to take robust steps in detecting and reporting suspicious activities that may indicate that financial crimes are

Money Laundering
AML & KYC Compliance

What Is Money Laundering and How Does It Work? 

Financial criminals generate profits from their acts and often disguise these proceeds through money laundering, enabling criminal parties to use their funds without jeopardizing their

Trade Compliance
AML & KYC Compliance

What Is Trade Compliance?

Trade compliance is the processes and procedures by which goods enter and exit a country in adherence to relevant laws, regulations and other requirements of

AML & KYC Compliance

What is Enhanced Due Diligence (EDD)?

In today’s complex regulatory environments, businesses have to be careful about who they have business dealings with. Enhanced Due Diligence is an advanced KYC due

AML & KYC Compliance

30 AML-Compliance Terms to Know

Anti-Money Laundering refers to the laws, regulations and procedures aimed at uncovering the efforts unscrupulous parties may make to disguise illicit funds as legitimate income.

FATF blacklist
AML & KYC Compliance

What are FATF Blacklists and Greylists?

The Financial Action Task Force (FATF) was established in July 1989 to combat money laundering and terrorist financing. Today, more than 200 countries follow their

Cyber Sanctions
AML & KYC Compliance

Sanctions For Cybercrime 

Cyber sanctions are a fairly new addition to the global regulatory environment, but they are increasingly important. These sanctions work in a similar fashion to

Economic Sanctions
AML & KYC Compliance

How Economic Sanctions Work 

Following the Russian invasion of Ukraine, Economic Sanctions have been in the spotlight for the last couple of weeks.
In this article we discuss what

AML & KYC Compliance

How to File a SAR/STR

While more resources and attention is spent combating money laundering and terrorist funding than ever before, the first and best line of defense often lies

What's next with Russia Sanctions
Sanctions Compliance

What Is Next for Russian Sanctions?

In June 2022, the European Council adopted a sixth package of sanctions against Russia prohibiting the purchase, transfer or import of crude oil and other

Primary and Secondary Sanctions
AML & KYC Compliance

Primary And Secondary Sanctions Explained

Sanctions are important political tools that governments use to achieve their foreign policy goals or as a means to punish and discourage violations of international

Sanctions enforcement
AML & KYC Compliance

The UK’s Economic Crime Act 2022

The UK government brought forward its Economic Crime (Transparency and Enforcement) Act 2022 following the unprovoked invasion of Ukraine by Russia. The Act will include

Sanctions and Embargoes
AML & KYC Compliance

The Difference between Sanctions and Embargoes

The terms sanction and embargo are often used interchangeably, but there are several important distinctions between the two. Both sanctions and embargoes are political tools update
Product and Features

New API version 2.0

After months of long hours for our dev team, we are very happy and proud to announce our new API version 2.0🚀.
This new API version

Global Trade Compliance
AML & KYC Compliance

What Is Trade Compliance and Why Does It Matter?

Trade compliance is one of the most complex aspects of corporate compliance.
Companies that export/import across borders must comply with the regulatory framework of multiple

sanctions evasion
AML & KYC Compliance

Sanctions Evasion Using Crypto 

After several nations implemented strict sanctions against Russia, following the Ukrainian invasion, there were several concerns raised about the possibility that Russia would use cryptocurrencies

US Anti-Money Laundering Act
AML & KYC Compliance

The US Anti-Money Laundering Act

The Anti-Money Laundering Act of 2020 (AMLA) forms part of the National Defense Authorization Act (NDAA) and has greatly widened the scope of enforcement and

AML & KYC Compliance

The Effects of the Latest Russian Sanctions

While President Putin boldly declared that sanctions against Russia have failed, the full impact of Western sanctions has been keenly felt. Severe sanctions cut off

Smurfing vs Structuring
AML & KYC Compliance

AML Terms Explained: Smurfing vs Structuring

The terms smurfing and structuring both refer to money laundering techniques deployed by financial criminals. The two terms are often used interchangeably, but there are

AML Vehicle Sales
AML & KYC Compliance

Money Laundering in Vehicle Sales

Criminals will often use expensive assets, including cars, boats and even luxury planes, to disguise illegal funds and later convert them into cash. Automotive companies

AML & KYC Compliance

Anti-Money Laundering Guide for the UK

Anti-Money Laundering broadly refers to the activities that financial institutions perform to ensure they remain compliant with legal requirements to actively monitor and report suspicious

AML Regulations
AML & KYC Compliance

AML Regulations and the Metaverse

The term Metaverse entered the world’s collective consciousness in October 2021 when Facebook rebranded as Meta and founder Mark Zuckerberg introduced a virtual replica and

AML & KYC Compliance

The Anti-Money Laundering Guide for Leasing

Leasing companies are not financial or banking institutions but provide resources like factoring and financing in the same way these institutions do. Leasing falls within

environmental crime
AML & KYC Compliance

Money Laundering and Environmental Crime 

Green crime, including forestry crime, poaching, illegal mining and waste trafficking, is of growing concern around the world. Proceeds from these activities fuel further serious

AML & KYC Compliance

What is KYC and why does it matter?

Know Your Customer (or Know Your Client) identification is one of the first and most important components of the ongoing fight against financial crime and

AML & KYC Compliance

The EU’s new AML/CFT Framework

A series of recent money laundering scandals, including the Russian Laundromat and Danske Bank, have sparked international concern and calls for greater due diligence.  The

anonymous owner
AML & KYC Compliance

Ultimate Beneficial Ownership (UBO) in AML

The legislation and regulations that pertain to Ultimate Beneficial Ownership (UBO) verification are highly complex and challenging to navigate. The EU’s Fourth Anti-Money Laundering Directive

AML & KYC Compliance

6 Steps for Completing an AML Risk Assessment

Anti-money laundering risk assessments are crucial for preventing financial crimes and remaining compliant with regulations. This comprehensive guide will review the basics of an AML

AML & KYC Compliance

Root Causes Of OFAC Sanctions Violations

The role of the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) is to implement and manage US economic and trade

AML & KYC Compliance

AML Risk Trends Shaping the Industry in 2022

Money laundering has been around for thousands of years. The reasons for laundering money are largely unchanged – people want to disguise the true source

AML & KYC Compliance

Sanctions Compliance for Crypto Businesses

This guide will help to understand the Crypto Industry’s specific challenges, how to identify red flags and implement best practices for a comprehensive compliance process.

Best Practices

Sanctions Screening in the Mining Industry

Sanctions screenings are a vital part of complying with Anti-Money Laundering and Counter-Terrorist Financing regulations. What exactly is a sanctions screening – and how does

AML & KYC Compliance

Important Sanctions Lists in the EU and US

This guide provides some helpful starting points in terms of which Sanctions Lists you definitely don’t want to miss in your screening process.

Tax Return
AML & KYC Compliance

AML Guide for Tax Consultants

This guide will review the risks that tax consultants face regarding Money Laundering as well as what procedures they need to have in place to

AML & KYC Compliance

AML Guide for Law Firms

This guide will provide an overview of how Law Firms are affected by Money Laundering, which regulations need to be taken into consideration, as well

high risk jurisdictions
AML & KYC Compliance

FATF High-Risk Jurisdictions 2022

The Financial Action Task Force, or FATF, publishes a list of high-risk jurisdictions to enhance anti-money laundering policies and procedures. All regulated businesses should be

AML Guide Insurance Industry
AML & KYC Compliance

AML Guide for the Insurance Industry

This is a complete guide to why the insurance industry is a target for money laundering, and the associated legal framework to prevent and detect

AML & KYC Compliance

AML Guide for the Real Estate Industry

Money laundering is a concern in many industries, and real estate is no exception. This guide will help you understand the AML considerations for the

AML & KYC Compliance

AML Guide for the Cryptocurrency Industry

Financial institutions are subject to AML regulations because they face a direct risk of being abused for money laundering and terrorist financing. This guide will

Gaming and Gambling
AML & KYC Compliance

AML Guide for the Gaming & Gambling Industry

Complying with AML regulations is essential for all regulated businesses – this includes those in the gaming and gambling industry. This guide will review the

AML & KYC Compliance

Best Practices For Your PEP Screening Process

PEP screening is an important aspect of Anti-Money Laundering and Know Your Customer (KYC) regulation. It involves validating a customer’s identity to determine if they

AML & KYC Compliance

The Cost of Neglecting Sanctions Checks (Video)

Sanctions lists and PEP (Politically Exposed Persons) lists screenings are required as part of Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know Your Customer

Product and Features

Updated Terms & Conditions

When starting a company the last thing on your mind is the legal side of it as the first priority is mostly product development and

AML & KYC Compliance

AML Regulations in the European Union

The European Union has several AML and KYC regulations in place to prevent money laundering and terrorism financing within its financial systems. This is an

AML & KYC Compliance

AML Regulations in the UK After Brexit

The European Union has an extensive anti-money laundering (AML) framework in place, and there are many questions about the implications of AML regulations in the

AML & KYC Compliance

AML Regulations and Cryptocurrency Businesses

Anti-money laundering (AML) and counter-terrorism financing (CTF) laws apply to regulated businesses around the world, and failure to comply with these rules can lead to

SAP client for sanction list screening

We have published a free ABAP client that implements the API. You can find all details here: The client is free and can