A primer on identification documents for KYC and AML
Identification Documents are the backbone of most KYC and AML procedures. Here we explain this increasingly complex topic and show you how best to tackle it.
Compliance is undergoing radical change in 2019, and likely in the years to come. The demands of international legislation designed to fight money laundering and terrorism financing, are significant and governance professionals everywhere are feeling the impact.
We all know that the internet never forgets. Once something is posted online, it remains there forever. But what happens when you google your name and outdated, embarrassing news appears in the search results? This is what happened to Mario Costeja Gonzalez, who subsequently sued and took his case all the way to the European Union’s Court of Justice.
Money laundering has been around pretty much since money was invented. While governments and international agencies have strived to do more and more to prevent it from happening, there have been some unbelievable cases over the years. It is estimated that approximately $2 trillion is laundered every year, but we wanted to highlight some of the biggest cases of all time.