Detecting and recognizing Politically Exposed Persons (PEP) through Transaction Screening
What is Transaction Screening?
Transaction screening is an essential process when it comes to Anti Money Laundering procedures. It involves tracking and dissecting customer transactions...
Understanding FATCA and the controversy surrounding it
What is the Foreign Tax Compliance Act (FATCA)?
The Foreign Account Tax Compliance Act, or FATCA in short, is a federal law implemented by the...
The agro-business peculiarity- why are so many agro-based businesses involved in loan scams?
The Central Bureau of Investigation (CBI) recently caught wind of a long-running scheme by over 100 agro-based companies in India, which collectively racked up...
Iran approves Cryptocurrency for Imports in an effort to bypass Sanctions
Iran's illicit activities and the Sanctions against it
Iran is no stranger to sanctions and has been the subject of many trade and financial restrictions...
Money Laundering through Payment Gateways and BNPL Scheme
What is a Payment Gateway?
Exchanging money has become extremely simple in today's world of online payments, UPI (United Payment Interface) transactions, and net banking....