AML

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Best Practices

Setting Up an Anti-Money Laundering Compliance Program? Part I: Start Here

Part I of Setting Up an AML Compliance Program. There’s a moment of reckoning when a company determines—even though it may not be a bank—that it needs to put an anti-money laundering (AML) compliance program into place. This situation arises when fintech startups and other non-bank financial institutions offer products and services that fall under Bank Secrecy Act / Anti-Money Laundering (BSA/AML) regulation. Or, often the case, when a regulated bank requires an AML compliance program from

April 08, 2021

In the News

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Compliance

The Fintech Times: Why Modern RegTech is the Key to a Successful Fintech

Author: Matt Van Buskirk, Co-CEO and CoFounder, Hummingbird Learn more about RegTech for fintechs in this article from The Fintech Times: Creating a new fintech from scratch is an incredibly complex process. Founders need to define the concept, build the product, grow the team, attain approval from a bank partner, and get customers to try it out. From the founders’ perspective, all of these steps are necessary and require attention, but some could argue that compliance and regulation are some

April 08, 2021