Malaysia’s Comprehensive Legal Framework for Combatting Anti-Money Laundering
Money laundering and terrorism financing are major threats to the integrity and stability of the financial system. In Malaysia, the government has implemented a...
Understanding Ultimate Beneficial Ownership: Why are companies required to register their UBO?
Who is considered a beneficial owner?
The definition of beneficial owner changes according to the geographies. But by and large, it refers to the person...
Correspondent Banking Money Laundering Risks
Correspondent Banking refers to the bank that is providing services to the bank of one country from another to provide the financial resources. This...
6 Unconventional Techniques of Laundering Successfully Used in India
Efforts are made by governments, regulators, and financial institutions to automate and combat the methods of money laundering. However, launderers continue to devise new...
How is Hawala Technique of Money Laundering used ?
Hawala is an informal method of transferring money without any physical money moving. The hawala system (also called Hundi or Underground banking). It is...