Sanction Scanner Blog - Page 32

MASAK has published new regulations and legislation for fighting financial crimes in Turkey.

Adverse media screening is one of the key factors for businesses to access all kinds of information about their customers.

Individuals involved in corruption often resort to using bribery as a means to launder their income. It allows those engaging in it to bypass any regulations or restrictions.

Difference between KYC and CDD, with KYC providing verified customer information and CDD assessing the risks associated with doing business with them.

The CAMS certificate is a highly recognized and respected designation in the field of AML. The certificate demonstrates a deep understanding of AML principles and practices and is a testament to the individual's commitment to upholding high standards of ethics and professionalism in their work.

Lenders need to know the risks of crimes and understand AML regulations and regulators to be protected from financial crimes.

Al Capone is known as the person who gave the term money laundering. He laundered money by buying laundries as cash.

Effective CDD is crucial to identify and prevent potential risks, such as money laundering and terrorist financing, and to protect a business's reputation and financial stability.

Although AML rules and regulations are quite different from each other, they are often confused. Would you like to know why?