11 Dec 2018
It is common practice for AML compliance departments to be traditionally people-heavy and technology inefficient. This is set to change in the next five years or so, with AML compliance departments planning on making large investments into new technology that significantly reduces staff count. Some of the areas that are due for the most change inc...
04 Dec 2018
With the rise of cryptocurrencies and ALT coins, fuelled by the retail madness of Initial Coin Offerings (ICO’s) in late 2016 and all of 2017, we have seen an increase in the number of trading exchanges that have come to fruition. Everything seemed to be fine and the crypto industry was making more millionaires overnight than any other form of in
19 Nov 2018
In 2016, Taipei-based Mega International Commercial Bank Co was fined a record $180 Million USD by authorities in New York, for having a “Hollow Shell” in their compliance program. As a result of this record-breaking fine, shockwaves were sent throughout Taiwan to official circles, at the same time legislators were considering new regulations t
06 Nov 2018
With the creation of blockchain technology, many traditional systems have become outdated and are due for an upgrade. Blockchain has demonstrated its capabilities with the conception of virtual currencies such as Bitcoin and Ethereum, which have completely revolutionised the global currency system. By linking blockchain-based applications, Dapps (...