Anti Money Laundering (AML) is a worldwide term to prevent money laundering and includes policies, laws, and regulations to prevent financial crime.
Everything you need to know about AML & KYC!
Financial institutions have to comply with various Anti Money Laundering and Know Your Customer (KYC) regulations in their customer onboarding processes.
The Financial Supervisory Authority of Norway (FSA), also known as Finanstilsynet, is the key government agency in charge of overseeing Norway's financial industry and is in charge of all banks and financial organizations.
The Federal Information Security Modernization Act (FISMA)was enacted to modernize the government's cybersecurity regulations to address contemporary security challenges.
The International Money Laundering Information Network (IMoLIN) is an organization that plays an active role in the fight against money laundering and helps those working in this field.
The International Emergency Economic Powers Act (IEEPA) is an agreement that allows the president to use executive authority over emergencies even at peacetime.
The Middle East and North Africa Financial Action Task Force is a regional institution similar to the FATF for nations in the Middle East and North Africa.
All financial transactions mediates carry the risk of money laundering, terrorist financing, corruption, bribery, and human trafficking.
OFAC places individuals and organizations on a list called Specially Designated Nationals And Blocked Persons (SDN) for national security.