Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter-terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions, and new innovative technology that opens up opportunities for businesses, consumers, and criminals. Let’s have a…

Overview The East African country Kenya is expecting to have a strong economic recovery as the nation’s vaccination gains momentum and the services industry rebounds from a brutal pandemic fallout. According to forecasts, Kenya is growing at a 6.6% rate from an estimated 0.6% in 2020. The International Monetary Fund stated…

Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter-terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions, and new innovative technology that opens up opportunities for businesses, consumers, and criminals. Let’s have a…

Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter-terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions, and new innovative technology that opens up opportunities for businesses, consumers, and criminals. Let’s have a…

Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter-terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions, and new innovative technology that open up opportunities for businesses, consumers, and criminals. Let’s have a…

Overview Over the years, Germany has marked itself as one of the biggest exporters in the world, accounting for 41% of national output. In 2020, motor vehicles and parts (15.6%) were the highest exported goods, followed by machinery (14.6%) and chemical products (9.3%). Due to the pandemic, Germany’s export to countries…

Global regulatory bodies are making Customer Due Diligence (CDD) an ongoing process for reporting entities to operate legally. CDD is a risk-based process for assessing customers’ risk profiles and verifying their identity by involving a number of regulatory obligations. AUSTRAC, Australia’s financial watchdog, has explicitly prohibited reporting entities from providing…

Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions and new innovative technology that open up opportunities for businesses, consumers and criminals. Let’s have…

Doing the bare minimum is no longer acceptable when it comes to anti-money laundering/counter-terrorist financing (AML/CTF) compliance. The global regulatory environment is evolving around governments implementing stricter AML laws, international regulators increasing enforcement actions, and new innovative technology that opens up opportunities for businesses, consumers, and criminals. Let’s have a…