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AML & KYC Compliance

The EU’s 5th Anti-Money Laundering Directive

The EU Directives are legislative acts that establish common goals for all EU member states. Each country has the flexibility to determine its own framework to meet these directives, so long as they are met. Although these are legally non-binding, failure to comply can lead to fines and other punitive actions.

Let’s dive into everything you need to know about the EU’s 5th Anti-Money Laundering Directive!

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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 (KYC) compliance.
Get a quick overview about the risk for non-compliance with AML regulations in our video.

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Product

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 customer service. The ‘legal stuff’ will be taken care of later… and later means usually ‘once we find someone who enjoys doing this’ which is some really ‘fuzzy’ point in time in the future.

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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 overview of existing regulations in the EU and in its member states.

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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.

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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.

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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.

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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.

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