Why Africa Must Accelerate Its Focus on AML Compliance -In the wake of recent African cyber security attacks and hefty AML bank fines, the topic of compliance is on everyone’s tongue. That is w... -
In the wake of recent African cyber security attacks and hefty AML bank fines, the topic of compliance is on everyone’s tongue. That is why this article will focus on one of the most vital business security measures available today, namely AML.
Today, many transactions take place online. The amount of cash in the world has been in decline for many years, and most of the world’s money consists of online payments. Digital money, so to speak. People and companies use many different websites that require digital payments.
This is why it is so important for African countries to focus on AML compliance. It is a new method that has not been used yet, at least at such a large level. If the whole of Africa advances the focus on AML compliance, it could have a great impact on the continent.To be able to meet the goals, all kinds of businesses in all industries need to comply with the rules and devote themselves to fighting money laundering.
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