Blog

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 UK after Brexit.
Let’s dive into what the current AML regulatory landscape looks like in the UK, and what changes may be in store after Brexit.

Read More »
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 costly penalties and sanctions. While these regulations are generally viewed in the scope of traditional financial institutions, they also pose implications for cryptocurrency businesses.

Read More »
AML & KYC Compliance

All you Need to Know about the EU’s Action Plan for a Comprehensive Union Policy on preventing Money Laundering and Terrorism Financing

The European Commission has adopted an action plan for a comprehensive Union policy on preventing terrorism financing and money laundering. The goal is to adapt the existing regulatory framework to specific threats and vulnerabilities that the EU is currently facing while allowing room for it to evolve as necessary.

Read More »
AML & KYC Compliance

The Cost of Neglecting Sanctions Lists Checks and PEP Screenings

Sanctions lists and PEP screenings are required as part of Anti-Money Laundering (AML) Counter Terrorist Financing (CTF) compliance. The Financial Action Task Force (FATF) requires that PEP and sanctions lists screenings be completed when onboarding customers and establishing a new business relationship. Failure to complete the screenings or following Know Your Customer (KYC) requirements will result in expensive fines and sanctions.

Read More »
data rows on screen
AML & KYC Compliance

Why Sanctions Lists and PEP Data Screenings are Important for any Business

Know your customer (KYC) and Anti-Money Laundering (AML) screenings are essential for any firm to remain compliant with international regulations and avoid costly penalties. Regulated businesses are required to run sanctions lists and PEP data screenings on a regular basis, and this can become complicated and expensive. Selecting the right vendor and solution for your screening needs is critical as this has substantial impact on your business.

Read More »

New Server Setup

We were born as a service for SAP customers, and as a SAP service having the default SSL port 443 with a self encrypted certificate

Read More »

Search Fuzziness

Sanctions.io has supported fuzzy search for quite some time already, but today I’d like to introduce new feature which will allow our customers to tweak

Read More »