In 2022, financial crime surged, with cases of fraud, hefty fines for AML failings, and notable scandals underscoring global regulatory challenges and compliance shortcomings. … Read More
Money laundering
What Can We Learn about Money Laundering from Ozark?
Netflix’s Ozark vividly portrays money laundering schemes, highlighting the importance of advanced AML solutions like NorthRow’s WorkStation to detect red flags, identify UBOs, and combat financial crimes effectively. … Read More
What is Money Laundering?
Money laundering involves disguising illicit funds to appear legitimate. The process has three stages: placement, layering, and integration. Anti-money laundering (AML) regulations help businesses detect and prevent such activities. … Read More
Money Laundering and Compliance in the WealthTech Industry
Wealth Technology or WealthTech is a subset of FinTech that focuses primarily on wealth management. We review the Money Laundering and Compliance in the WealthTech industry and how NorthRow can help. … Read More
How will the 5th Money Laundering Directive Affect Beneficial Owner Monitoring?
Under the 5th Money Laundering Directive (5MLD), EU member states will be required to identify beneficial owners and to maintain public registers of these. The result of such public registers is an increase in transparency, making it more challenging to disguise illicit transactions including terrorism and money laundering. … Read More
Money Laundering and Compliance in the Peer-2-Peer Industry
With the new regulation coming from the Financial Conduct Authority aimed at the Peer-2-Peer industry, we at NorthRow provide insight into the best Money Laundering and Compliance Solution for the P2P. … Read More
The Art of Money Laundering
The loosely regulated art market is rife with opportunities for washing illicit cash. … Read More