The FATF on Covid-19 and Compliance
Covid-19 has definitely made life a bit tough for most of us and the regulatory world. There are a lot of challenges Governments and financial bodies are currently facing in order to fight financial crime and money laundering. There have been several cases of illicit financial practices, terrorist financing, fraud and data breaches made during this pandemic which needs to
Should the Crypto Industry be regulated?
In my last few posts I gave a basic run down on what money laundering exactly is and how financial criminals launder money using the placement, layering and integration method. Turns out, money in the form of cash is not the only thing that can be laundered. Money launderers are creative enough to come up with new methods to perpetrate
The Evolution of Proceeds of Crime Act, 2002
AML or Anti-Money Laundering is a very well known concept nowadays. But not many people know more than the fact that it deals with financial crimes. Let's take a look into how the concept of Money laundering and Anti-Money laundering came into existence and the basic concepts attached to it.
AML, and how it all started!
AML or Anti-Money Laundering is a very well known concept nowadays. But not many people know more than the fact that it deals with financial crimes. Let's take a look into how the concept of Money laundering and Anti-Money laundering came into existence and the basic concepts attached to it.
Everything you need to know about PEPs
Who are PEPs? Why do we need to worry about them?
All you need to know about the 5AMLD: A brief overview
What can we expect from 5AMLD? Last year the 5th AMLD was officially published in the EU journal after making modifications to the 4th directive which was released in 2015.
GDPR and Data Protection Principles
Data protection involves collection, processing and storage of an individual’s personal data. The GDPR lays down a set of principles in Article 5, which are imperative to manage personal data.
Fundamentals of GDPR Compliance
In this blogpost we will be touching upon the basics of GDPR compliance and rights of data subjects. What is GDPR? The General Data Protection Regulation is a primary legislation that protects the personal data of EU citizens. It replaced the Data Protection directive 95/46/EC in 2018
All about PSD2
There has been a great deal of buzz regarding the PSD2 lately. It is a revision of the Payment Services Directive regulated by the European Union in an attempt to manage payment service providers throughout the EU. The PSD2 replaced the Payment Services Directive that was initially enforced in 2008.
The use of Precious stones and metals to launder money
Precious metals and stones have always been considered an alternate medium of payment due to their innate value and exchangeability factor. Despite fluctuations in the economy, precious metals remain globally accepted currency. Some of the reasons criminals consider Precious minerals a safe investment are; they are worth a lot in terms of value, are generally traded in cash and are