With COVID-19, the world faces a situation unlike any before. Governments world over are looking for ways to combat the virus and come over with plans that are scalable and can work. As governments strive to respond to the growing threat of the pandemic, fraudsters are taking the opportunity to ramp up their own schemes […]
2020: The Year of Improved AML Practices in the Banking Sector
Banks are at the forefront of any financial ecosystem and thus hold a greater responsibility to prevent all the related crimes. AML compliance is a central part of the efforts to curb illegal transactions and to make sure the source of capital is clean and adequately regularized. In an ideal world, banks can detect, stop, […]
Hunting for a Job – Using LinkedIn to Your Advantage
Launched in May 2003, LinkedIn has been a valuable professional platform for many over the years. From professional advice all the way to finding jobs and potential recruits, LinkedIn lets you do it all on one convenient platform. A survey published in November 2019 showed that in the US, over 160 million users used LinkedIn […]
Insights and Updates on AML Compliance in 2020
Gone are the days when companies would copy-paste their previous year’s AML guidelines in the next year’s plan. AML compliance has become a dynamic matter in the last couple of years. Therefore, every year brings some new insight and updates regarding AML compliances being practiced all over the world. In this piece, we are going […]
What Your Resume Should Look Like in 2020
Your resume is a statement of who you are and what you can do for your potential employer. So, you should make it a point to follow these resume best practices that will maximize your chances of landing a job in 2020. What to Include (And Avoid) in Your Resume for 2020 1. No Elaborate […]
Ensuring AML Systems Keep up with Enterprise Technology Upgrades
Hong Kong is among the most essential financial hubs of the world, yet faces more and more money laundering and terrorist financing cases each year. In 2017, Hong Kong authorities conducted more than 1,800 money laundering investigations, forcing banks and companies to stay on their toes by fine-tuning and updating AML systems along with. As […]
Assessing your Situation – Monitoring your Risk Profile
In 2017, a survey was conducted in Italy, which included 164 small companies, about whether or not they performed risk assessment and if so, on which areas. It showed that 86% of companies conducted a regular risk assessment. The most common tests were on cyber attacks and general fraud, and managing risk profiles regularly to […]
Why Do AML Rules have to be Frequently Adjusted for Efficient Detection?
The global AML (anti-money laundering) software industry is growing each year with an expected growth of up to USD 1.7 billion by 2023. These softwares are introducing newer ways to counter money laundering, such as AML tuning and optimization. The enhancement of countermeasures is directly proportional to the rise in money laundering cases and the […]
4 Effective Tips to Stand Out at a Career Fair
There are few opportunities better than a career fair when it comes to networking with business professionals and employers. From gaining meaningful connections to making your job prospects secure after graduation, you must make a great impression while attending the event. In this article, we offer you 4 effective tips to stand out at a […]
7 Smart Travel Tips for Your End of Year Vacation
As we stand at the edge of the old decade and look towards welcoming the new one, let’s take some time to look back at the last year and be grateful for everything it has given us. May the next one also bring us lots of joy, merriment, and moments to be grateful for. As […]