New EU measures against money laundering and terrorist financing issued in April 2023

AML Guide, Anti Money-Laundering, Authorities, Fraud, Regulations, Sanction

The European Union has issued new measures to combat money laundering and terrorist financing in April 2023. The new rules come in response to growing concerns about the negative impact of money laundering and terrorist financing on the economy and society as a whole. The measures are part of the EU’s wider strategy to strengthen…

Mitigating the impact of corruption and bribery: Practical steps to take

AML Guide, Anti Money-Laundering, Fraud, KYC/KYB, Regulations

According to the World Economic Forum, corruption costs developing countries $1.26 trillion every year, a staggering figure that highlights the devastating impact of this illegal activity. Unfortunately, the problem is not limited to developing countries, as according to the above statistics, half of the EMEA (Europe, Middle East and Africa) population finds corruption acceptable. This…