This very entertaining movie will help you to understand why we need AML and KYC laws. https://m.youtube.com/watch?v=wuBRcfe4bSo I highly commend all our clients and business partners to watch the Steven Soderbergh movie 🎥 THE LAUNDROMAT featuring Merryl Streep. Based on the Mossack Fonseca - Panama Papers scandal - the incredibly deft narrative of this financial scandal movie simplifies the complexity of financial corruption, through a truly entertaining and innovative parody narrative lens. Merryl Streep could potentially earn awards for her incredible performance, which, as you will see, leaves with no question about her stance for anti corruption and American liberty. A timely and poignant moral warning tale. ⚠️ Very useful for education into global financial system and why we need to have anti money laundering and know your customer rules. Not suitable for children. https://www.netflix.com/title/80994011?s=i&trkid=13747225 https://en.m.wikipedia.org/wiki/Mossack_Fonseca
CNY-USD | AML and KYC Payments processing. We are being told that USA and China are in a trade war, but in reality, there is a fundamentally close cooperation between the infrastructure networks, which operate in one accord. In fact, our USA-China payments processor, works strictly in accordance with USA law and vice versa. I am very happy to see this inter-connectivity at play between USA and China. Highlights from our training for on-boarding USA businesses into Chinese payments platform: Notable is that the global standardisation and systematisation of Anti-Money Laundering and Know Your Customer Rules, the connectivity of money laundering crime databases, which are immediately accessible to the payments processor during an application process. This means that criminals will not be able to take a back door to access a means of money laundering, which protects all of us from recurring, organised crime. Logically, if there is no way to spend the proceeds of crime, there is much less incentive to steal in the first place. We love China and USA cooperation across AML and KYC rules, because this protects you, your business, your family and your friends.