Markaaz Blog Why Fintechs Are Under Scrutiny: The Importance of AML Compliance

In the fast-growing fintech industry, compliance challenges—and the resulting penalties—are becoming a costly issue for many companies. A recent report revealed that 60% of financial technology firms paid at least $250,000 in compliance fines, with one-third facing penalties exceeding $500,000 in the past year. These figures highlight the increasing importance of anti-money laundering (AML) compliance […] The post Why Fintechs Are Under Scrutiny: The Importance of AML Compliance appeared first on Markaaz.