Articles - Rapid AML

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Australia

Singapore

UAE

Nigeria

India

Global

An Ultimate Guide To Investigating Suspicious Transactions

The regulated entities in UAE are mandated to report all suspicious activities and transactions with the FIU’s goAML portal

15 min read

Purva Buch

Global

An Ultimate Guide to AML Record-Keeping

Entities regulated under Anti-Money Laundering (AML), Combating the Financing

10 min read

Jyoti Maheshwari

Global

The Role of Transaction Monitoring Analyst in AML Compliance

Regulated entities coming under the ambit of Anti-Money Laundering (AML), Counter Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF)

12 min read

Dipali Vora

Global

The Role of a KYC Analyst in AML Compliance

Compliance is teamwork. Here is the blog discussing the role of KYC analysts in AML compliance.

14 min read

Dipali Vora

Global

Know Your Transaction (KYT): The Key to Stopping Financial Crimes

As the regulatory landscape evolves, Know Your Transaction (KYT) technology remains at the forefront of combating financial crime.

8 min read

Pathik Shah

Global

The Role of AML Case Management Software in AML Compliance

In this blog, we will explore how AML compliance is made more efficient, comprehensive, and optimised through AML Case Management

15 min read

Dipali Vora

Global

Building a Watertight Know Your Business Process (KYB): A Practical Guide

Know Your Business (KYB) is an extension of Know Your Customer (KYC) process. As an important part of Anti-Money Laundering (AML)

12 min read

Dipali Vora

Global

Combating Terrorist Financing: A Primer on CFT

Terrorism is a grave crime against humanity that not only affects property but also millions of lives.

15 min read

Dipali Vora

MLR 2017 and Enhanced Due Diligence: A Compliance Blueprint

The dynamic nature of the economy makes it vulnerable to

12 min read

Pathik Shah

Global

What Is Standard Due Diligence

Customer Due Diligence (CDD) is a significant part of Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT)

11 min read

Dipali Vora

Global

What Is Simplified Due Diligence

Simplified Due Diligence (SDD) is the basic level of Customer Due Diligence (CDD) streamlined to assess and manage risks

8 min read

Dipali Vora

Global

What is a Risk-Based Approach to AML

Robust, adequate, and appropriate Anti-Money Laundering (AML) policies and procedures protect regulated entities from being misused by criminals

9 min read

Jyoti Maheshwari

Australia

How AML Software Simplifies Compliance Automation for DNFBPs in Australia

This blog intends to provide insights into the core AML/CTF compliance requirements for DNFBPs in Australia

11 min read

Pathik Shah

Singapore

Next Generation AML Software for Singapore’s Evolving Needs

Singapore, being a global business, trade and investment centre, is exposed to Money Laundering (ML), Terrorism Financing (TF)

7 min read

Pathik Shah

India

The Role of AML Software in Automating AML Compliance for DNFBPs in India

With the growing significance of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT)

9 min read

Pathik Shah

AML Software for UK: Future-Proof Your Compliance Strategy

‘Relevant Persons’ in the UK, as defined under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations

14 min read

Dipali Vora

Nigeria

AML Compliance Requirements for Chartered Accountants in Nigeria

Chartered Accountants in Nigeria come under the purview of anti-money laundering (AML) compliance as they are classified as designated non-financial

5 min read

Pathik Shah

Nigeria

The Role of AML Software in Automating AML Compliance for DNFBPs in Nigeria

The Nigerian anti-money laundering, counter financing of terrorism, and counter-proliferation financing (AML/CFT/CPF) laws and regulations

8 min read

Jyoti Maheshwari

Nigeria

Navigating Nigeria’s Money Laundering (Prevention and Prohibition) Act, 2022

As part of its efforts to fight money laundering and other financial crimes, the Nigerian government enacted the Money Laundering

12 min read

Jyoti Maheshwari

Global

Money Laundering Risks in Cash-Intensive Businesses

Cash-intensive businesses are those businesses which heavily rely on cash-based revenue. These cash-intensive businesses are highly prone to being exploited by money

9 min read

Pathik Shah

Global

Money Laundering Risks in FinTech Industry

FinTech businesses strive towards developing technologies that simplify complex processes to provide their clients with seamless options to streamline

8 min read

Dipali Vora

Global

Minimising False Positives in Sanctions Screening

The occurrence of false positives while conducting the sanctions screening process is not unheard of. In fact, occasional false positives indicate that

13 min read

Jyoti Maheshwari

Global

The Role of a Screening Analyst in AML Compliance

A screening analyst is an inevitable member of the compliance team in any organisation subject to Anti-Money Laundering, Counter-Financing of Terrorism

15 min read

Dipali Vora

Global

What is eKYC (Electronic Know Your Customer)?

Businesses subject to Anti-Money Laundering (AML) compliance are required to carry out a customer identification and verification process

13 min read

Pathik Shah

UAE

Buyer’s Guide to Name Screening Software

Name Acreening is a critical part of any Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) and Targeted Financial Sanctions (TFS)

17 min read

Jyoti Maheshwari

UAE

The Crucial Role of the Third Line of Defence in Countering ML/TF

In UAE, the Designated Non-Financial Businesses and Professions (DNFBPs) and Virtual Assets Services Providers (VASPs) are required to have in place

10 min read

Dipali Vora

UAE

Building a Robust Anti-Financial Crime Compliance Program

Financial crime is one of the growing concerns across the globe due to its ill effect on economy and society. The widespread use of technology

16 min read

Pathik Shah

UAE

KYC Process Automation: Strategies for DNFBPs and VASPs in UAE

KYC stands for “Know Your Customer”, and it refers to measures taken by a business to identify its customers.

11 min read

Jyoti Maheshwari

UAE

A Guide for UBO Compliance for DNFBPs in UAE

The abbreviation UBO stands for “Ultimate Beneficial Owner”. A UBO is a natural person who exercises significant control over any business’s decisions.

7 min read

Pathik Shah

UAE

The importance of Transaction Monitoring for DNFBPs in UAE

Transaction refers to any business or commercial activity that includes the exchange of goods, services, and financial or virtual assets with the aim of making financial gain

11 min read

Purva Buch

UAE

Enhancing Customer Experience and Ensuring KYC Compliance

KYC compliance is a critical AML requirement in the UAE. However, data collection and verification during the KYC procedure affect customer experience.

15 min read

Purva Buch

UAE

The Crucial Role of the Second Line of Defence in Countering ML/FT

What exactly is this “Second Line of Defence” in the AML/CFT world? Of course, the frontline employees act as an initial barrier

7 min read

Jyoti Maheshwari

UAE

AML Compliance Challenges and Solutions for Dealers in Precious Metals and Stones

Dealers in Precious Metals and Stones (DPMS) are prone to being drawn into money laundering schemes intentionally or unintentionally.

9 min read

Pathik Shah

UAE

Sanctions Compliance Best Practices for DNFBPs and VASPs

The United Arab Emirates is a member nation of the United Nations, and therefore, it is required to implement the United Nations Security Council Resolutions (UNSCRs)

9 min read

Dipali Vora

UAE

Mitigating AML Compliance Challenges in UAE: Manual vs. Automated Approaches

Regulated entities in the UAE are obligated to comply with AML/CFT laws and regulations. Here is the article dealing with the manual and automated

10 min read

Pathik Shah

UAE

AML Compliance Requirements for Accountants and Auditors in UAE

Over the years, with the increase in Money Laundering (ML) and Terrorist Financing (TF) activities, the United Arab Emirates (UAE) has been actively

11 min read

Jyoti Maheshwari

UAE, Global

AML/CFT Training and Awareness Programs for Effective KYC Implementation

The continuous evolution of financial regulations and compliance makes KYC procedures a mandatory tool against illegal activities for any regulated entity.

5 min read

Purva Buch

Global

The Crucial Role of the First Line of Defence in Countering ML/TF

Regulated entities in the UAE have to conduct an Enterprise-Wide Risk Assessment (EWRA) and enforce proper controls to mitigate money laundering

5 min read

Purva Buch

UAE

Best Practices for Conducting AML Customer Due Diligence

Customer Due Diligence, shortly called CDD, is the process of assessing and verifying who your customers are. The logic of carrying out CDD is to

10 min read

Jyoti Maheshwari

UAE

KYC Challenges and Solutions for DNFBPs and VASPs in the UAE

Know Your Customer (KYC) is an important aspect of ensuring AML/CFT compliance. In this article, we will explore KYC challenges and solutions for DNFBPs and VASPs in the UAE.

11 min read

Dipali Vora