Welcome to the AML news room, where you will find the latest Anti-Money Laundering news and information. Financial institutions around the world have deployed risk-based programs to combat money laundering, counter the funding of terrorism, and deter other social crimes. ISS is honored to support the AML/OFT community and promote its accomplishments.
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Billionaire Beny Steinmetz is the prime suspect in scheme involving use of fake documents in real estate deals.read more
New Zealand Parliament has unanimously passed reforms to expand existing Anti-Money Laundering and Countering Financing of Terrorism laws to new groups. Sanctions coverage must keep pace.read more
The Treasury Department accused Mexican soccer star Rafael Marquez of acting as a front for a major drug trafficker as part of an enforcement action hitting 22 Mexican nationals with sanctions that freeze their assets in the U.S.read more
In today’s information age, why so much stale data? Google Maps made stand-alone GPS obsolete, not only because they became redundant. The data was stale. Are you still navigating AML the old way?read more
Second-generation AML/CFT performance is cloud-based and real time, delivering data far more efficiently than the first generation database model created in 2001 (and not upgraded since), says Kenneth Rijock, a financial risk programs expert. Read the full article at: rijock.blogspot.comread more