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Who is the beneficial owner?
Beneficial owner refers to the natural person(s) who ultimately owns or controls a customer and/or the natural person on whose behalf a transaction is being
Synthetic identity fraud – what it is and what are the indicators
Georgia man was sentenced to over 7½ years in prison for synthetic identities scheme that defrauded banks out of nearly $2 million. The man and
Blockchain – a money laundering haven?
Blockchain is a digital, public ledger that is distributed across its users. It collects and stores information in “blocks.” When a “block” is full, it
Lessons learned from Danske Bank’s $2 billion penalty
Danske bank is a global financial institution headquartered in Denmark. Danske Bank A/S agreed to forfeit $2 billion to resolve the United States’ investigation into
Traditional Vasilopita Cutting Event at iSPIRAL
The cutting of the Vasilopita cake is a time-honored tradition of the Greek and Cypriot families and takes place on New Year’s Day to bless
Coinbase reached a settlement with the New York State Department of Financial services amounting $100 million
Coinbase yesterday, January 4th 2023, reached a settlement with the New York State Department of Financial services amounting $100 million. The amount involves:– $50 million penalty– $50
Understanding high risk country lists
Obliged entities must apply enhanced measures (EDD) when offering their services to customers from high-risk countries. This includes extra check and control measures. When assessing
How to comply with sanctions requirements
What are sanctions Sanctions are prohibitions imposed by several countries or governments on other governments, individuals, entities or groups to achieve a specific outcome without
iSPIRAL donates toys to the Larnaca General Hospital
On the occasion of the Christmas holidays, members of our company visited the Larnaca General Hospital, today, Thursday 22nd of December, to deliver gifts and
