Blog Authors
Minhac Celik
Minhac Celik is a marketing advisor to complead and the founder of Ragusa Communication in Tallinn, which works with cyber security and AML companies. Minhac was previously Marketing Lead at Sanction Scanner, product marketing manager at SOCRadar and channel manager at Microsoft, and writes about US regulation, PEP and entity screening, onboarding fraud and company news. He has worked as a compliance analyst and researcher for several institutions.
Written by Minhac Celik
KYB verification checks that a business customer exists, who runs it and who owns it: 7 checks, the source behind each, and the rules as of October 2026.
UBO stands for ultimate beneficial owner: the natural person who owns or controls a company or trust. Who counts, and the thresholds in 8 rulebooks.
Money laundering is the crime of handling the proceeds of crime to hide where they came from. See what the law requires, the three stages and a 2026 case.
The black market peso exchange (BMPE) turns US drug cash into pesos through trade payments. See each step, who runs it today and the red flags.
A regulation is a binding rule an agency makes under powers a law gives it. See how rules are made in the US, EU and UK, the main types and examples.
Wachovia, Danske Bank, 1MDB, TD Bank and 11 more money laundering cases with the amount, years, failed control and source record, updated October 2026.
A geographic targeting order (GTO) is a temporary FinCEN order that adds reporting duties in named areas. See the orders in force on 23 October 2026.
An AML false positive is an alert that proves legitimate; a false negative is a miss that raised no alert. See the two by two and how both are counted.
A suspicious activity report (SAR) is the report a regulated firm files with its FIU on suspected crime. See who files, when, and what goes in one.
A SWIFT/BIC code is the 8 or 11 character ISO 9362 code that names a bank in a payment. Read one character by character and see how it differs from IBAN.
The GPI tracker follows a SWIFT GPI payment by its UETR from bank to bank. See how tracking works, what each status means and which rules apply.
Ongoing monitoring is the duty to keep checking a customer's transactions and file after onboarding. See the US, UK and EU rules, triggers and screening.
A currency transaction report (CTR) is filed when one person moves more than $10,000 in cash in a business day. See how deposits add up and the deadline.
Structuring is splitting cash to stay under a reporting line, and in the US it is a crime even with clean money. See the law by country and the red flags.
Smurfing is splitting criminal cash among several people so no deposit reaches a reporting line. See how it works, cuckoo smurfing, red flags and the law.
Correspondent banking is one bank serving another bank's payments. See how a payment moves, nested and payable through accounts, and the AML rules.
The travel rule makes the sender's and recipient's details travel with a transfer. See the data, FATF, US, EU and UK thresholds and the red flags.
A mirror transaction is two matching trades by connected clients in two currencies, so money crosses a border with no payment. Red flags and rules.
KYT, or know your transaction, is the AML check that reads each payment against what a firm knows of the customer. Rules, 5 steps, KYT vs KYC, crypto.
Crypto regulation by country: 24 markets by regulator, licensing route and posture, each checked against a primary source, plus MiCA and the travel rule.
Chartis Research recognized complead (formerly Sanction Scanner) in RiskTech100® 2027 for Risk Intelligence and Data Management.
complead (formerly Sanction Scanner) ranked 16th on the first Inc. Türkiye 100 list, with 2,818.93% three-year revenue growth.
complead (formerly Sanction Scanner) ranked 55th on TOBB Türkiye 100, the list of Türkiye's fastest-growing companies, with 840% revenue growth.
complead (formerly Sanction Scanner) ranked 8th in the Deloitte Technology Fast 50 Türkiye 2023, its second time at 8th place.
complead (formerly Sanction Scanner) won the Finnovating Award for Top RegTech 2022, among the 30 most promising fintech startups of the year.
complead (formerly Sanction Scanner) was named to the RegTech100 for 2023, RegTech Analyst's list of the world's most pioneering RegTech companies.
complead (formerly Sanction Scanner) ranked 8th in Deloitte Technology Fast 50 Türkiye 2022 with 695% revenue growth. See what drove it.
Review a transformative year in financial crime and compliance, stay on top of critical global developments, and explore the strategies shaping the future of AML and RegTech.
The 2022–2023 AML Outlook: the top financial crime threats and compliance challenges expected in 2023, after the war in Ukraine and the pandemic.
What high-risk countries and the FATF grey and black lists are, how they differ from sanctions, how country risk is scored, and how to turn a list change into concrete action.
How KYB and UBO verification work: Resolving beneficial owners through layered structures, thresholds by jurisdiction, and screening the ownership cascade.
How AML transaction monitoring works stage by stage, the ten rules a fintech runs first with thresholds, and the record an examiner expects at each step.
How KYC rules differ across 15 markets: regulators, national ID rails, beneficial ownership thresholds, eKYC acceptance, and data localization.