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What is KYC Is a process used by businesses, particularly financial institutions, to verify the identity of their clients. This process helps to ensure that customers are who they claim to be and is a critical part of anti-money laundering (AML) and counter-terrorist financing (CTF) regulations

FATF reports on the progress made since introducintg anti-money laundering and counter-terrorist financing regulations for virtual assets and virtual asset service providers in 2019. https://lnkd.in/eSVFi8ZR #aml

FATF reports on the progress made since introducintg anti-money laundering and counter-terrorist financing regulations for virtual assets and virtual asset service providers in 2019. https://lnkd.in/df2wEb6J #aml

Gaming and wagering operators, do you know the transaction threshold changes? Have you verified your pre-commencement customers? With Australia's anti-money laundering (AML) and counter-terrorism financing (CTF) regulations tightening, you need to verify pre-commencement customer identities and be on top of changes to transaction thresholds to protect your business from financial crime. Why work with us? ➡️ Accurate verification with global data sources ➡️ Fast, user-friendly onboarding ➡️ Automated compliance processes ➡️ Enhanced security and risk management Learn how to simplify your compliance processes: https://lnkd.in/dAqzv5N4 #AML #CTF #Compliance #Identityverification #Customerduediligence #Customeronboarding

FATF reports on the progress made since introducintg anti-money laundering and counter-terrorist financing regulations for virtual assets and virtual asset service providers in 2019. https://lnkd.in/df2wEb6J #aml

Stay Ahead of Compliance Trends Now more than ever, your business needs a comprehensive improvement in the anti-money laundering and counter-terrorist financing (AML/CFT) framework. Our AML Compliance services are your go-to solution for staying ahead of the curve. Don't let compliance concerns hold you back—partner with us! #AML #ComplianceServices #DubaiBusinessAdvisors

FinCEN's Proposed Rule Requiring Investment Advisers to Have AML Programs. Citing concerns about bad actors using SEC-registered investment advisers (Advisers) to launder money and obtain proprietary U.S. technology information, FinCEN has proposed a rule requiring Advisers to implement an anti-money-laundering (AML) and counterterrorism financing compliance program and to file suspicious activity reports (SARs) with FinCEN. If adopted, the SEC's examination division would be in charge of assessing Advisers' AML programs. https://lnkd.in/e8seQnen

FATF reports on the progress made since introducintg anti-money laundering and counter-terrorist financing regulations for virtual assets and virtual asset service providers in 2019. https://lnkd.in/df2wEb6J #aml

In March 2024, the Financial Action Task Force (#FATF) assessed the implementation of Recommendation 15 by its members and jurisdictions with materially important Virtual Asset Service Provider (#VASP) activity. The FATF evaluated how jurisdictions regulate and supervise VASPs for Anti-Money Laundering (#AML) and Counter-Terrorist Financing (#CFT) purposes. This assessment is crucial because virtual assets and VASPs operate globally, and their risks are borderless. FATF issues a table that shows the steps FATF members, plus other jurisdictions with the most materially important Virtual Asset activities, have taken to regulate Virtual Asset Service Providers. The review was towards the following criteria, whether the Jurisdiction: - Has conducted a risk assessment covering virtual assets and VASPs? - Has explicitly prohibited the use of Vas and VASPs? - Has enacted legislation/ regulation requiring VASPs to be registered or licensed and apply AML/CFT measures? - Has registered or licensed VASP(s) in practice?  - Has conducted a supervisory inspection or included VASPs in its current inspection plan?  - Has taken enforcement action or other supervisory action against VASPs  - Has passed or enacted the travel rule for VASPs? R.15 rating (where assessed against the revised FATF Standards) and the date of assessment? To read more & view the list of jurisdictions here is the link. https://lnkd.in/dTDQqPnH #virtualassets #compliance #riskassesments #riskbasedapproach #moneylaundering #financialcrimes #training #advisory To know more about the implications & implementations contact us at production@hba-consultancy.com

In business, the stakes are high, especially when it comes to money laundering, counter-terrorist financing, and KYB (Know Your Business) compliance, where trust and reputation are on the line. Let our expertise be your protective shield. At ArriTech, we have the knowledge and technology to mitigate potential money laundering, terrorist financing, and KYB risks. With a team that has spent the last decade honing their skills, we provide your business with the assurance and peace of mind needed to meet regulatory requirements and keep crime at bay. Our commitment at ArriTech is to deliver exceptional security and credibility through a dual-layered approach—combining cutting-edge technology with the deep expertise of our team. 👉 Discover the KYB solutions of ArriTech today: https://lnkd.in/e79CwuvR #ArriTech #KYB #KnowYourBusiness #TeamExpertise #Compliance #AML #BusinessSolutions