Blog

The latest updates and news relating to ML Verify and anti-money laundering (AML) regulations.

 

Detecting Money Laundering In E-Commerce

3rd Jun

E-commerce businesses that rely on online transactions can be a target for criminal organisations using them to launder their money. This is especially true if the e-commerce platform allows for an element of anonymit…

 

Money Laundering Techniques To Look Out For

23rd Apr

There are two main types of money laundering businesses that need to be aware of: Smurfing and Structuring. Although they are similar, there are a few crucial differences to be aware of.

 

How Can You Identify A Politically Exposed Person?

19th Mar

The key to being able to identify a Politically Exposed Person (PEP) is understanding what they are.

 

How Do You Report Money Laundering Suspicions?

18th Dec 2023

When carrying out your money laundering checks, there may come a time when you find activity that you deem to be suspicious.

 

The Penalties Imposed For Breaching AML Regulations

1st Dec 2023

Anti-money laundering regulations are designed to identify and prevent money laundering through illegal means. As part of these regulations, the onus is on businesses to carry out checks on their customers to ensure m…

 

What Are Your Responsibilities Under The Money Laundering Regulations?

19th Sep 2023

If your business needs to carry out money laundering checks, there are several responsibilities you need to meet. These responsibilities include carrying out customer due diligence, risk assessments, and record keepin…