Wash Trading and Money Laundering in NFTs
In the last one-year, non-fungible tokens (NFTs) have gained popularity between brands as well as consumers. Chainalysis – blockchain data...
Top 4 Anti-Money Laundering (AML) Trends in 2022
As the technology continues to offer endless possibilities, it is likely that the financial criminals will discover new methods to...
ANTI-MONEY LAUNDERING- BATTLEFIELD FOR ACCOUNTANTS
Money laundering helps illicit organizations by lowering their cost of capital, giving them a competitive advantage over legitimate businesses. When...
WHAT DO AUDITORS NEED TO KNOW TO COMBAT MONEY LAUNDERING?
Generally, businesses are most useful to money launderers as conduits for tainted funds. Since money launderers usually don’t expropriate assets,...
Precious Metals and Stone Beautiful but Dangerous -Dealers need AML/CTF Compliance Program
Precious metals and stones have been forged into jewelry, artefacts, and currency since the dawn of civilization. The modern trade...
Real Estate Red Flags/ How Do Criminals Launder Through Real Estate?
Money laundering involves filtering income from illegal activities through legitimate transactions, disguising its source and preventing detection by the authorities....
UAE AML Compliance- Standard Declaration Form Submission Required by banks for- “Real Estate Agents and Dealers in precious metals and stones”
Real Estate Agents and Dealers in precious metals and stones are required to submit Standard Declaration Form from several banks...
ARE YOU KYC AND AML COMPLIANT?
ARE YOU KYC AND AML COMPLIANT? The need for KYC and AML compliance has become mandatory to comply with the...
How to Prevent Money Laundering
The UAE had implemented Anti Money Laundering/Countering the Financing of Terrorism measures as per the Financial Action Task Force (FATF)...
Have you appointed your Money Laundering Reporting Officer (MLRO) ?
Money Laundering Reporting Officer (MLRO) or Anti-Money Laundering Officer (AMLO) is a Compliance professional who oversees the firm’s anti-money laundering/countering...