Jul
Smurfing Vs. Structuring in Money Laundering: A Complete Guide
Smurfing vs. structuring—both are methods used in the “placement” stage of money laundering, where illicit money is introduced into the financial system. In this piece, we will examine smurfing vs. structuring, offering a detailed look at smurfing and structuring in…
Read MoreJul
What Is Enhanced Due Diligence (EDD) In AML?
When it comes to anti-money laundering (AML), one significant aspect that businesses and financial institutions must grasp is enhanced due diligence (EDD). Why is EDD so important? Imagine you’re responsible for protecting your company against financial crime. Basic checks might…
Read MoreJul
Customer Due Diligence (CDD) vs. Enhanced Due Diligence (EDD)
CDD and EDD are important processes to prevent money laundering and terrorism financing. They differ in how detailed the investigations are. Before getting into details, let's first cut straight to what is the difference between CDD and EDD with a…
Read MoreJun
Emerging AML Trends to Watch In 2024 (And 2025)
If you’re any financial or non-financial (AML-obligated) business, you need to stay on top of the latest AML trends. This article covers key emerging AML technology trends that can help you remain compliant and efficient. Bookmark this skimmable guide to…
Read MoreMay
Latest AML Technologies And Their Accompanying Challenges
If you’re a business that must abide by AML rules, staying ahead with the latest AML technologies is non-negotiable. But do you really know what these upcoming technologies are and the core AML challenges they bring? Let’s cut to the…
Read MoreMay
The 5 Major Types of AML Software Used Worldwide
Talking about money laundering and related crimes definitely seems intriguing, but the real challenge is using AML software applications to fight these crimes effectively. Financial institutions like banks, insurance companies, and fintech firms struggle to keep up with changing money…
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