What is Counterfeit Money? The landscape of counterfeit money has drastically changed over the past ten years. Criminal networks adopted digital printing techniques at the same time, utilizing cutting-edge technology, lasers, and inkjet printers to launder illicit funds The Mafia and Camorra in Europe and the Americas, as well as the Triads and Yakuza in … Exploring the Intricacies of Counterfeiting and Money Laundering Read More » The post Exploring the Intricacies of Counterfeiting and Money Laundering appeared first on KYC AML Guide ..read more

Financial Crimes are a rising threat with technological advancements as criminals adapt to newer ways of commiting fraud and hiding money through different tactics. Money Laundering is an escalating issue for the regulatory authorities and raises serious concerns against the financial integrity & global economic prosperity. This article entails the Warning signs for money laundering … How to Identify the Warning Signs For Money Laundering? Read More » The post How to Identify the Warning Signs For Money Laundering? appeared first on KYC AML Guide ..read more

Payment Services Market has remarkably evolved in recent years. Specifically, in the European Union, the electronic payments have observed a rapid growth with an estimated vlaue of €240 trillion in 2021 which was just €184.2 trillion in 2017. This rise in payment services trend increased during the COVID-19 pandemic. European Commission reviewed the updated Payment … Evaluation of Revised Payment Service Directive PSD2 Compliance 2023 Read More » The post Evaluation of Revised Payment Service Directive PSD2 Compliance 2023 appeared first on KYC AML Guide ..read more

In the world of finance, the rise of cryptocurrency has been nothing short of groundbreaking. Cryptocurrencies have captured the imagination of investors, businesses, and individuals by providing decentralization, security, and anonymity. However, with this newfound popularity comes an increased need for organizational safeguards to protect employees and mitigate potential risks. In this blog, we will … Navigating the Complexities: Challenges of Regulating Cryptocurrency Read More » The post Navigating the Complexities: Challenges of Regulating Cryptocurrency appeared first on KYC AML Guide ..read more

Money laundering is a serious financial crime in which the proceeds of illegal activities are disguised as legitimate funds. It is a major concern for governments, financial institutions, and society as a whole. Individuals and businesses found guilty of engaging in illegal activities face severe penalties to effectively combat money laundering. In this blog, we … What Are The Penalties For Money Laundering? Read More » The post What Are The Penalties For Money Laundering? appeared first on KYC AML Guide ..read more

Facebook Pinterest Twitter Linkedin Interpol has taken down the 16Shop Phishing-as-a-service platform which sold phishing kits to cybercriminals who then targeted Apple Pay, Cash App, Amazon, American Express, and PayPal customers. The operation that took place in coordination with a Singapore-based Cybercrime agency Group-IB resulted in the arrest of three people from Indonesia and Japan. … 16Shop Phishing as a Service Platform that Scammed Apple Pay Users Gets Busted Read More » The post 16Shop Phishing as a Service Platform that Scammed Apple Pay Users Gets Busted appeared first on KYC AML ..read more

Suppose you are an art enthusiast who comes across an online art auction featuring a stunning masterpiece by a well-known artist. You decide to bid in the auction. You carefully read the auction instructions, register as a bidder, and place your bid with zeal. Finally, the auction ends, and to your delight, you receive an … Unveiling the Tactics: Exploring Wire Fraud and Money Laundering Read More » The post Unveiling the Tactics: Exploring Wire Fraud and Money Laundering appeared first on KYC AML Guide ..read more

Businesses across the globe require secure financial transactions to strengthen their profitability. As economic activities are increasingly globalized, The risks of money laundering, terrorism funding and other financial crime is becoming a rising concern for Regulatory bodies and governments. In response to the challenges of Money Laundering and Terrorism financing through Non-financial businesses International Regulatory … What are Designated Non-Financial Businesses and Professions (DNFBPs)? Read More » The post What are Designated Non-Financial Businesses and Professions (DNFBPs)? appeare ..read more

Anti-Money Laundering is critical in mitigating financial crime, especially from banks and other fintech companies. While implementing an AML strategy, several challenges may compromise the overall health of a KYC and AML compliance system. This article highlights the primary AML challenges in a Digital Landscape and outlines the strategies we must adopt for effective resolution. … Addressing AML Challenges in a Digital Landscape to Streamline Crypto Ecosystems Read More » The post Addressing AML Challenges in a Digital Landscape to Streamline Crypto Ecosystems appeared first on KYC AML Guide ..read more

The Black Market of Pesos Exchange (BMPE) is a shadowy financial system that is primarily used for money laundering in Latin American countries. This illegal conversion entails converting illegal currency, such as drug-trafficking profits, into what appears to be legitimate currency. In this blog post, we will look at how BMPE works, look at relevant … What is Black Market Peso Exchange? Read More » The post What is Black Market Peso Exchange? appeared first on KYC AML Guide ..read more