End-user protection
Fraud prevention
The term "money laundering" is used to describe the process that takes place with dirty, illegally obtained money. Dirty money is transferred throughout a series of transactions, through a series of wire transfers and other transfers and other transactions, so that it can be transformed back into legitimate income.
Anti-money laundering (AML)
Anti-money laundering (AML)
The term "money laundering" is used to describe the process that takes place with dirty, illegally obtained money. Dirty money is transferred throughout a series of transactions, through a series of wire transfers and other transfers and other transactions, so that it can be transformed back into legitimate income. Money laundering is therefore the method by which all the proceeds of crime are through the world's banking systems and businesses.
To fight money laundering, the authorities have enacted a number of laws to prevent the laundering of the proceeds of crime and to oblige financial service providers to monitor and report suspicious transactions. These rules apply to all businesses engaged in financial activities. Money laundering is one of the financial crimes. It aims to make material gains obtained illegally, or from crime, appear as capital gains from legitimate sources. Partly to comply with the European Union Directive 2018/1673, Article 53 of Act XLIII of 2020 amending the Criminal Procedure Code and other related acts has completely redefined this offence with effect from 1 January 2021.
The term "money laundering" is used to describe the process that takes place with dirty, illegally obtained money. Dirty money is transferred throughout a series of transactions, through a series of wire transfers and other transfers and other transactions, so that it can be transformed back into legitimate income. Money laundering is therefore the method by which all the proceeds of crime are through the world's banking systems and businesses.
To fight money laundering, the authorities have enacted a number of laws to prevent the laundering of the proceeds of crime and to oblige financial service providers to monitor and report suspicious transactions. These rules apply to all businesses engaged in financial activities. Money laundering is one of the financial crimes. It aims to make material gains obtained illegally, or from crime, appear as capital gains from legitimate sources. Partly to comply with the European Union Directive 2018/1673, Article 53 of Act XLIII of 2020 amending the Criminal Procedure Code and other related acts has completely redefined this offence with effect from 1 January
IT Natives' strategy is to provide its customers with a solution that combines an innovative and cost-effective approach to managing the risks in the different areas of its responsibility. IT Natives can make compliance risk management even more efficient with its data lake solution, ensuring that data is used for fraud management, for example reducing the false positive rate and ensuring more efficient operations for the financial institution.
IT Natives' strategy is to provide its customers with a solution that combines an innovative and cost-effective approach to managing the risks in the different areas of its responsibility. IT Natives can make compliance risk management even more efficient with its data lake solution, ensuring that data is used for fraud management, for example reducing the false positive rate and ensuring more efficient operations for the financial institution.
