Difference Between Terrorist Financing and Money Laundering

terrorist financing

The terms “money laundering” and “terrorist financing” are frequently used interchangeably. Indeed, they are so frequently discussed together that you might believe they constitute the same offense with no distinction. It’s incorrect. Despite the fact that money laundering and terrorism financing are two very comparable crimes, there are some distinctions. Yet these two crimes will […]

NFT’s: Art Money Laundering in the 21st Century?

nft money laundering

Non-fungible Tokens have quickly become one of the most popular crypto sectors in 2021. (NFTs). In the third quarter of 2021, the value of tokens sold was $10.7 billion, an increase of 823 percent over the previous quarter. While the potential for NFT’s growth is great, money laundering and other financial crimes pose a threat […]

The Challenges for Crypto Regulation

crypto regulation

We hear the term “crypto assets” more and more every day, and we will continue to hear it for a long time. Virtual assets, which are still in their infancy, continue to grow at a breakneck pace. The value of crypto assets, particularly Bitcoin, is rising, attracting more people’s attention to the market. That attention […]

Money Laundering and Its Consequences for Charities

money laundering checks for charities

Charities that work on a global scale face significant financial and reputational risks. Even unintentional participation in financial crime, regardless of a charity’s good intentions, can result in substantial legal ramifications, irreversible reputational loss, regulatory penalties, donor funding withdrawal, and financial service disruption. All of this has an impact on a charity’s ability to achieve […]

Financial Crime Compliance – Why It’s Struggling

financial crime compliance

Financial crime and the predicate crimes that feed it have grown at an apparently unstoppable rate during the last decade. As a result, financial services companies have made anti-money laundering (AML) initiatives a primary focus (FSOs). Financial crimes and money laundering strategies, on the other hand, have grown in sophistication and continue to evolve. The […]