Money Laundering refers to the process by which financial transactions are conducted in a way that obscures the link between the funds and the origin. Did you know that money laundering makes up 2-5% of the global GDP, i.e. about 2 trillion?…
How RBI’s new Account Aggregator initiative plays into the payment services and India’s financial industry as a whole while making processes easier.
AML compliance has been at the forefront to fight the threat of global terrorism. No wonder Governments across the world take it seriously. In 2018, U.S. Bancorp agreed to pay $613 million in penalties for a faulty KYC AML check.
According to…
Check how the most advanced AML screening solution APIs are used to prevent money laundering and aml compliance.
With the raging transformations in technology and norms, newer options are set to dominate and revolutionize onboarding. If we don't keep ourselves ahead of the curve, we might just fall behind in the fast-paced financial industry.
With the numerous modernizations, it is…
