The consequences for failing to meet anti-money laundering (AML) monitoring requirements can be severe. In June 2020, the payments company Wirecard reported missing nearly $2 billion from its accounts. The investigation resulted in fines of $2.8 million for AML security breaches and jail sentences to associated individuals.  While this may seem extreme, even small businesses can face […] The post A guide to AML compliance: What every business needs to know appeared first on Markaaz.

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