Compliance Archives

Comprehensive Guide to CTR Banking: Currency Transaction Reporting in AML

CTRs (Currency Transaction Reports) are a leading facet of Anti-Money Laundering compliance and, therefore, become very important for the integrity of financial systems and in the fight against money laundering crimes. This exhaustive guide showcases the role played by CTRs in the banking and finance space, the elements therein, filing procedures, exceptions, and processes involved […]

AML Checks for Estate Agents: Everything You Need to Know

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 […]

Mastering the Risk-Based Approach to AML: A Comprehensive Guide

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 […]