Navigating the World of AML
Counterparty VASP due diligence is the process of assessing the virtual asset service provider (VASP) on the other side of a virtual asset transfer. Before sharing customer information under the Travel Rule, a VASP should establish the counterparty’s identity, assess its regulatory status and AML/CFT controls, and determine whether it…
Use Case: FIU-IND Registration Readiness Independent pre-registration AML review and remediation for a VDA service provider An India-based virtual digital asset service provider (VDA SP) wanted to test its FIU-IND registration readiness. Internationally, such firms are known as VASPs. The firm already had AML/CFT policies, procedures, a risk assessment, controls…
How agentic AI is changing AML/CFT workflows, what regulators and standard setters have said, the key model and agent execution risks, and how independent AI AML assurance tests AI-enabled controls.
KYC, CDD and EDD are three terms that compliance teams use every day, yet many firms treat them as interchangeable. In practice, KYC vs CDD vs EDD represents three distinct layers of customer verification, each with its own scope, depth and regulatory trigger. Getting the boundaries wrong leads to under-diligence…
Africa's fintech boom demands stronger AML compliance. Learn how new crypto regulations in Nigeria, Kenya and South Africa affect your business.
AI AML assurance is the independent review of how artificial intelligence is governed, used and performed within a firm’s anti-money laundering controls. It matters because AI is increasingly embedded in many of the AML controls that matter most: customer risk scoring, transaction monitoring, sanctions screening, adverse media and case investigation.…
Recent UK regulatory findings reveal why financial-crime controls need to be tested for effectiveness, not simply documented in policies and procedures. Most financial institutions have documented financial-crime controls, including AML screening, sanctions screening and transaction monitoring. The harder question is whether those controls continue to work under pressure. Complex payment…
Why FIU-IND’s Periodic Naming of Non-Compliant Firms Changes the Stakes FIU-IND has published three lists of non-compliant NBFCs in 2026 alone. The latest, dated 17 August 2026, names 3,293 firms that have not completed registration on the FINnet 2.0 portal. For any reporting entity that is required to register with…
The Travel Rule is no longer primarily a legislative gap. According to FATF’s seventh targeted update, published in July 2026, 91 of 109 surveyed jurisdictions now have Travel Rule legislation in force. However, 55 of those 91 jurisdictions (60%) had not yet issued findings or directives or taken enforcement or…
In just fifteen days, regulators and courts in the UK, the EU and the US issued a series of sanctions-related developments in 2026. First, the UK announced plans to double its maximum sanctions penalty, alongside an alert about the A7 network, which claimed to have settled more than US$86 billion…