AML KYC Analysis

Ultrascan Financial Intelligence Unit

"We have the tools and resources. Managed appropriately we effectively monitor with impact assessments in place"

Ultrascan FIU Mobile Money Laundering Threats

Introduction to the concept of Anti-Money Laundering

MOBILE MONEY BANKING:

- Anti-Money Laundering (AML) and dismantling terror financing networks by exclusion from the mobile banking system
- The Alleged Threat of Mobile Money
- An important factor within money is micro-structuring also known as “smurfing”
- Further challenges for law enforcement
- The threats of mobile money

ELECTRONIC PAYMENT CARD MONEY LAUNDERING DETECTION SYSTEM FOR ELECTRONIC PAYMENT CARDS

The algorithm example used in this report is also called an exemplary embodiment which is simply put, the preferred example. It is just another terminology for “example” but specifically used when referring to a patent. This Anti Money Laundering, AML, system has been chosen to represent how an AML monitoring system should function.

Developing countries and the reforms 2019

A fragile institutional environment can lead to heightened corruption:

• This can enable and lead to increasing corruption
• Which in turn can enable money laundering through illicit cash flows
• Which then divert and starve funds of developing economies that are already cash poor and suffer from capital-starvation.

AML Intelligence Briefing

The amount of money that is laundered annually is of truly colossal proportions. ML poses an existential threat to all countries. It warrants and demands thorough oversight and a transnational prevention strategy. The UK’s National Crime Agency (NCA) calculated recently, “hundreds of billions of pounds are laundered through UK banks each year.”