Slavery is a problem that has been going on for centuries. Although its devastating effects have come to an end, it persists. Although no nation in the world continues this inhumane practice since 2020, people still continue this practice under the title of modern slavery. Modern slavery is often prevalent…

Financial Education as a Tool For Seizing Opportunities and Good Risk Awareness The financial volatility of a currency, the inflation of a product, the public debt are terms we often hear on television and in the newspapers, but what do they mean? Do they affect us and in what way? The current market dynamics, in particular due to the pandemic period, have…

Money laundering exists in almost every sector today. The film industry is one of them. Recently, money laundering has taken place behind the screen as well as in front of it. Dirty Money in the Screen The film industry likes to use exciting topics, and this is something everyone knows. They have frequently dealt with…

Compliance costs include the salaries of the compliance department within the company, regulatory reporting costs, and all systems for the process. As regulatory standards increase in industry and the company grows globally, the cost of compliance increases. Compliance costs increase as a result of local, national, and international regulations. As…

Mike Winkelmann, known as Beeple, sold his product as NFT. The JPEG image “Everydays: The First 5,000 Days” was sold for $ 69.4 million, the highest price paid in an NFT. The work is also the third most expensive work among living artists. So what is this Non-Fungible Token, and…

ACAMS: What Should You Know About ACAMS ACAMS is the largest Anti-Money Laundering organization worldwide. The professional association serves to provide specialized training and certification for anti-money laundering professionals. ACAMS has more than 20,000 individual members worldwide. To take the CAMS exam, they must apply for ACAMS membership.

Money laundering and terrorist financing is a global problem that touches all sectors of society. Authorities should be aware of this problem’s size and have tried to establish different international bodies to fight against money laundering and terrorist financing and adopt recommendations and regulations to reduce such criminal behavior. The Lottery and Money Laundering The…

Five Dutch banks -ABN AMRO, ING, de Volksbank, Triodos Bank, and Rabobank- decided to establish Transaction Monitoring Netherlands (TMNL) in the collective to fight against money laundering and the financing of terrorism. The purpose of the organization is to contribute to banks’ transaction monitoring activities. …

Considering that banks and financial units are frequently subjected to criminal activities such as money laundering and terrorist financing, it undeniably essential to know that your customer’s remediation is to corporations. The Know Your Customer process is a control procedure that financial institutions providing financial services apply to customers to…