aml

Criminals of today are becoming technologically equipped which is increasing the need for strict anti money laundering regulations. This is because the cases of money laundering, terrorism financing, NFT fraud, and other financial crimes are fueling the struggle between businesses and criminals. Fraudulent activities not only compromise the company’s reputation but also lead to customers' dropoff. Moreover, criminals are enough sophisticated to dodge the verification processes.   Therefore, financial institutions need robust AML solutions to keep criminals at the bay and ensure a positive B2C relationship. This way they can also ensure AML compliance and prevent the chances of hefty…