Blog / Money laundering and fraud prevention

Money laundering is a continuous risk for business organizations, which requires them to be attentive to every detail of their business operations. According to the UN, $2 trillion is laundered yearly. The consequences for companies are criminal charges, severe financial …

Each regulated entity must identify the money laundering risks inherent to its operational reality. It must adopt procedures to identify customers and their respective operations. Given the elements obtained and the money laundering risk factors identified, it must implement the …

Three times a year, the Financial Action Task Force, FATF, presents two lists in which it includes those jurisdictions that have deficiencies in their systems for the prevention of money laundering, the financing of terrorism and the proliferation of weapons …

The millions of dollars laundered in the Latin American region are disguised as homes, hotels, cars, warehouses, casinos, bars and other businesses to launder dollars in banks and go unnoticed by the authorities. Criminals, especially those who profit from drug …

One of the biggest financial scandals in history is the case of energy giant Enron Corporation, which ranked seventh on the list of America's largest and most profitable companies in 2000. The U.S. company had assets estimated at USD 63,000 …

Identifying suspicious transactions allows you to recognize unusual customer operations. Learn how the process works and some warning signs here. In the prevention of money laundering and terrorism financing ML/TF, it is essential to recognize all unusual or suspicious transactions, …