Trade-based Money Laundering – and How to Combat It.

With international trade valued at approximately US$ 16 trillion per annum, it provides ample scope for money laundering. According to the International Narcotics Control Strategy Report (INCSR) hundreds of billions of dollars...

Are we taking Anti-Money Laundering for granted?

Basel Institute reveals slow progress in AML Earlier this month the Basel Institute on Governance announced the release of the Basel Centre for Asset Recovery’s Basel Anti-Money Laundering Index for 2018 – the so-called “AML...

The Sandbox where Innovation and Regulation can Play without Anyone Getting Hurt.

The internet has opened the door to purchase anything, I do mean anything, from any part of the world. These items can be paid for instantly through electronic payments. These transfers can be made from everywhere with ease and speed allowing greater anonymity if...

Demystifying blockchain: what it means for KYC

Hardly a day goes by without a news item concerning the use of cryptocurrencies for money laundering. In June the Financial Action Task Force (FATF) told countries to tighten oversight of cryptocurrency exchanges amid growing...

FATF published its ‘Guidance for a risk-based approach to virtual currencies

"The Financial Action Task Force (FATF) has recommended closer monitoring of digital currency exchanges and gateways to counter money laundering and terrorism financing. The 48-page document acknowledges that digital currencies carry several economic benefits such as...

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