AML Compliance in Spain 

AML compliance penalties have made many breaking stories in the news this year, with some European financial institutions making the cut. As these non-compliance fines sometimes reach millions, many countries, including Spain, have increased their focus on strengthening AML measures. Read more to learn how to achieve AML compliance in Spain and fight financial crime more effectively.

Gabija Stankevičiūtė

AML/CTF Compliance in Estonia [Guide]

In the past decade, Estonia has become an attractive choice for fintech startups and financial institutions aiming to broaden their operations in Europe. However, this “rising star” title burdens companies to stay compliant with the ever-evolving AML/CTF compliance requirements, which we explore in this in-depth article.

What are the Key AML Laws in the US? [Business Guide]

Transaction monitoring, verifying business relationships, working with regulators, or training your staff is just the beginning of ensuring compliance with AML laws in the US. Since the BSA was implemented in 1970, the basics for the current AML framework in the country have elevated, posing more restrictions and processes for US companies to stay compliant. Follow our guidelines to learn more.

KYC Requirements in the UK

The UK ranks at the top regarding fintech adoption. Not only that but also the idea of RegTech and Open Banking originated here, making the UK and its businesses the key players when it comes to technological advancements. Consequently, the evolution of the regulatory landscape led the UK to have strict compliance regulations. In this article, we’ll review different industries and their KYC requirements.

What are the EU’s Anti-Money Laundering Directives (AMLDs)? Complete History Overview

EU anti-money laundering directives (AMLDs) require obliged entities — financial institutions and companies that handle transactions in EU member states — to conduct due diligence checks, including identity verification and transaction monitoring, when forming new business relationships. Learn more.

What is the Bank Secrecy Act (BSA)?

One particular requirement of the Bank Secrecy Act (BSA) is that financial institutions are obligated to report cash transactions exceeding $10,000 within a brief period, regardless of whether they occur in single or multiple transactions. Continue reading to gain a better understanding of the BSA and its potential impact on your company.

AML policies in USA and compliance guide

AML Regulations in the USA: Everything You Should Know as a Business Owner

Since 2002, more than 38 institutions in USA have reached settlements or pled guilty due to non-compliance with AML regulatory requirements and paid substantial fines in settlements.

AML Guidelines in the European Union. What Should Financial Companies Know When Applying Business Verification?

Over the past decade, the EU has been considering how to combat the potential illicit flows through banks and other financial institutions. It’s clear that stricter financial processes call for a more robust action plan from all financial players. This time, we’ll review the EU and its standards by providing all the necessary guidelines.