Sanction Scanner Blog

There are many methods to launder dirty money, many are also the businesses that are involved in this criminal circuit of laundering money, but to all this, there is an essential and simple solution: Follow the Money.

Singapore is a leading destination for commercial institutions and enterprises globally; thus, it demands businesses to implement Know Your Customer (KYC) processes.

Despite the implementation of AML regulations and compliance measures, the challenges in detecting and preventing money laundering continue to be a significant concern for financial institutions and regulatory authorities.

There are numerous technology tools and platforms that you can use to enhance the onboarding experience for your customers.

The definitions of money laundering offenses are standardized among member states under 6AMLD, and a list of 22 predicate offenses is established.

Sanctions and embargoes are political trade barriers designed to change a country's or regime's behavior and actions.

Background Checks include name scans before or after employee onboarding to help you build a team you can trust.

The rise of the internet and digital technologies has brought a lot of benefits and convenience to people's lives, from online shopping to social media. However, it has also opened the door to a new type of criminal activity known as cyber-laundering and cyberterrorism.

The primary method to be used when fighting AML is to keep the staff up to date with training and to increase their awareness. There are many points to be considered in this training.