Blog / Money laundering and fraud prevention (3)

These are some of the good practices used by financial entities to prevent the risk of money laundering and terrorism financing. Controls to prevent and detect money laundering and terrorism financing are becoming increasingly stronger. This is clearly a global …

Do you want to know how to prevent money laundering and terrorism financing? Here we explain one of the most common procedures. Know your customer (KYC) is one of the most widely used methods to prevent money laundering and terrorism …

Unless you live in the woods cut off from society, we all have something to do, in one way or another, with the financial system. The payments we receive from the places we work, loans to buy a house, pay …

Nowadays, criminals use different forms to carry out illicit activities associated with money laundering and terrorism financing. Drug traffickers, smugglers or people associated with criminal organizations use different modalities to launder money and make their profits appear legal to evade …

Marty Byrde, the central character of the series Ozark, is a financial advisor that launders money for a Mexican cartel. He does so through a complex scheme to conceal illicit resources. Cabbage, dough, scratch, bucks, coin, mazuma, cash. There are …

Money laundering and terrorism financing jeopardize the stability of an organization. Learn about the main risks of these crimes here. Money laundering is a process that consists of performing a series of economic, financial and commercial transactions in order to …