Expert Tip: Crypto Currency Deposits & Anti-Money Laundering Procedures

Posted by Richard Perona on Sep 6, 2018 9:29:18 AM

Throughout my 18 years in the FX industry, AML (Anti-Money Laundering) / KYC (Know Your Client) training has been an annual requirement at the bank and broker level. Regulators have continually stressed the importance of AML / KYC training to help create an effective awareness of, and procedure for, financial crimes with the goal of protecting the firm and their clients. It is important to familiarize bank and financial institutions employees each year with anti-money laundering (AML) policies and procedures. This provides the first line of defense in helping to safeguard the financial system from the abuses of financial crime, including money laundering, terrorist financing, and other illicit activity.


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Topics: Crypto Currency, Wire Transfers, Globally Accepted Transaction, International Law Enforcement Policies, Anti-Money Laundering (AML), Know Your Client (KYC), Financial Crime Protection

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