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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 pl...
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 exchan
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 t
With the creation of blockchain technology, many traditional systems have become outdated and are due for an upgrade.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 curren...
Providing physical documentation such as your Passport or Birth Certificate to prove your identity is currently the biggest issue government services are facing in their attempt to digitally transform...