A risk-based approach to AML is defined by the Financial Action Task Force (FATF) as the identification, assessment, and understanding of money laundering and terrorist financing risk exposure by.
A risk-based approach to AML is defined by the Financial Action Task Force (FATF) as the identification, assessment, and understanding of money laundering and terrorist financing risk exposure by countries, competent.
Shifting markets and the rise of the global Covid-19 pandemic pushed the payments industry to evolve. With cash payments falling to the wayside, mobile money transactions and other contactless payments surged forward..
4th May 2022 A new law will require cryptocurrency firms and exchanges to keep Know Your Customer (KYC) information and financial transactions for all of their clients for five years. This decision is seen as a positive.