Money laundering and AML compliance
A brief overview of what money laundering is, what financial institutions do about it, and why.
A brief overview of what money laundering is, what financial institutions do about it, and why.
Bits about Money's Early Adopter discount ends on January 31st, 2023.
Know Your Customer policies at financial institutions have more nuance than you'd expect.
Bits about Money now offers paid memberships. (Plus, a bonus essay on newsletter financial infrastructure.)
ATMs are connected to banks by networks which operate little-understood payment rails.
Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences in the present day. But change is possible.
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
Community access to banking is downstream of siting decisions in commercial real estate, in fascinating detail.
Counterintuitively, businesses, customers, and society prefer having fraud to what they'd need to do to not have it.
Ever wondered how bank branches work at a nuts-and-bolts level? Let's dig into the logic and economics of them.
Deposit insurance is the backstop that guarantees the money-ness of deposits. Here's how it works under the covers.
Deposits are a public/private partnership which create generally usable money out of risky banking activities.
There are a few different mechanisms underpinning commonly used stablecoins. Some of them may not perish in a fire.
I made a video game about reconciliation. Here's the textual version of it.
I write roughly biweekly on the intersection of tech, financial infrastructure, and systems thinking. It's free.