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2. Business owners should not forget anti-money laundering rule ...

   www.aol.com/business-owners-not-forget-anti...

   The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021. Under the CTA, the owners and part-owners of an estimated 32.6 million small businesses ...

3. Know your customer - Wikipedia

   en.wikipedia.org/wiki/Know_your_customer

   The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations. KYC processes are also employed by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti- bribery compliant and are actually who they claim to be.

4. Money services business - Wikipedia

   en.wikipedia.org/wiki/Money_services_business

   A money services business (MSB) is a legal term used by financial regulators to describe businesses that transmit or convert money. The definition was created to encompass more than just banks which normally provide these services to include non-bank financial institutions .

5. Financial Crimes Enforcement Network - Wikipedia

   en.wikipedia.org/wiki/Financial_Crimes...

   FinCEN organization chart. As of November 2013, FinCEN employed approximately 340 people, mostly intelligence professionals with expertise in the financial industry, illicit finance, financial intelligence, the AML/CFT (anti-money laundering / combating the financing of terrorism) regulatory regime, computer technology, and enforcement". [9]

6. Anti–money laundering - Wikipedia

   en.wikipedia.org/wiki/Anti–money_laundering

   The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) is the principal legislative instrument, although there are also offence provisions contained in Division 400 of the Criminal Code Act 1995 (Cth). Upon its introduction, it was intended that the AML/CTF Act would be further amended by a second tranche of ...

7. TD Bank suspends forecast after hefty penalty in US money ...

   www.aol.com/bank-montreal-quarterly-profit-falls...

   Shares of TD, which faces an asset cap and a $3 billion penalty following a probe by U.S. regulators last year into its anti-money laundering program, were down about 5.4% after it said it would ...

8. Anti-Money Laundering Improvement Act - Wikipedia

   en.wikipedia.org/wiki/Anti-Money_Laundering...

   The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.

9. Financial intelligence - Wikipedia

   en.wikipedia.org/wiki/Financial_intelligence

   Generally the term applies in the context of law enforcement and related activities. One of the main purposes of financial intelligence is to identify financial transactions that may involve tax evasion, money laundering or some other criminal activity. FININT may also be involved in identifying financing of criminal and terrorist organisations.