Tag "anti-money laundering (AML)"

Futureproofing Fintech: Navigating AML Compliance in a Rapidly Evolving Sector

The fintech space is experiencing unprecedented challenges when it comes to anti-money laundering (AML) compliance. From a global pandemic that shifted users online to economic downturns and sanctions resulting from geopolitical conflicts, fintech firms face daunting challenges that can harm

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VerifyVASP Raises Series A Funding at $100M Valuation Led by FTX Ventures

Compliance startup VerifyVASP has concluded its Series A investment at a US$100 million valuation. FTX Ventures together with Peak Capital and Bcharu invested US$5 million into the company to cement its position as a Travel Rule solution trusted by virtual

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Asia Most Wanted Top Ten AML Cases

Over the last decade, the quantity of money laundered has been steadily increasing. According to The United Nations Office on Drugs and Crime, it is estimated that approximately USD $1.6 trillion or 2.7 percent of global GDP was laundered in

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