Money laundering is a financial crime in which a criminal disguises the source of money gained from illegal activities such as tax evasion, human trafficking, drug trafficking, and corruption. Money laundering involves complex financial transactions through multiple channels of a financial system, making it difficult to trace its origin. As the real estate sector involves […]

To fight money laundering and the gamut of other financial crimes, businesses face a tough choice: either spread resources thin and risk fraud or utilize too many resources and risk wastage.  This is where the risk-based approach (RBA) to AML comes in. It helps target the real threats intelligently. This proactive approach is critical to […]

Discover why automating the AML client onboarding process is essential and how AML solutions like HyperVerge can automate compliance.

Discover AML typologies, learn how to identify them, and explore the best solutions to combat money laundering effectively.

Discover sanctions screening best practices to ensure AML compliance and avoid fines efficiently.

For financial institutions, the importance of anti-money laundering laws, regulations, and measures serves as an essential first line of defense.

Discover strategies to streamline the AML case management process, enhancing compliance and efficiency in financial investigations

Fintech companies have experienced rapid growth, driven by digital innovation and improved access to financial services. However, this expansion has also led to increased regulatory scrutiny, particularly in regard to anti-money laundering (AML) compliance challenges. Money laundering remains a significant global concern, prompting regulators to intensify enforcement efforts and impose severe sanctions and penalties. In […]

Understand the importance and use cases of OCR technology in the legal industry and choose the best OCR software for your organization.

Discover the right AML requirements for payment processors. Read this blog to ensure compliance and security for your payment processor.

Money laundering is a financial crime involving converting illegal finances to legal by concealing the origin and identity of the source so it seems legitimate and can’t be tracked by the legal authorities. This criminal activity is performed to conceal money obtained through various illegal activities like establishing a cash-incentive business, surfing, ghost companies, drug […]

Know the clear difference between “source of funds” and “source of wealth. Understand their purpose, and importance in compliance and risk management.