Anti-money laundering (AML) and combating financing terrorism (CFT) compliance is complicated and not always well understood. Still, businesses must learn to navigate the regulatory landscape from the start. Otherwise, they leave themselves open to exploitation by opportunistic criminals and, ultimately, […]
The EU imposes economic sanctions against foreign governments, organizations, and individuals in order to achieve its foreign policy objectives, protect its security interests, and punish violations of international law, including human rights abuses. In order to record and divulge sanctions […]
According to a report in Regulation Asia, a senior official at the Monetary Authority of Singapore (MAS) has recently spoken about the value being gained by businesses deploying new technologies to meet their Anti-Money Laundering and Countering the Financing of […]
Sanctions represent an important tool for governments around the world and are used to achieve foreign policy goals or to punish violations of international law. Sanctions regimes involve the application of economic restrictions against a range of foreign targets, from […]
As money laundering and terror financing methodologies keep pace with advances in technology, financial institutions must work harder to ensure they are aligned with their regulatory environments and are able to stop criminals misusing their services. The increasingly complex data […]
The government launched its UK Economic Crime Plan 2019 to 2022 on 12th July 2019 in partnership with the non-profit banking and financial association, UK Finance. The plan is designed to tackle crime at every level of the UK’s financial […]
The European Union deploys sanctions against targets around the world as part of its Common Foreign and Security Policy (CFSP). While sanctions are imposed in order to protect the EU’s security interests, or to address violations of treaty agreements and […]
The deadline for the private sector to implement the 6th Money Laundering Directive (6AMLD) is looming. Financial institutions and companies that must comply with the regulations are expected to comply with requirements by 3 June 2021. While the European Commission […]
In the global financial landscape, supply chains are crucial to the delivery of goods and services, with third-party relationships connecting companies and sectors across jurisdictions. The integration of effective supply chains into modern business infrastructure allows firms to acquire resources, […]
What are the Anti Money Laundering in China Compliance Obligations? The global legislative landscape is constantly changing but keeping up with the most recent anti-money laundering regulations is a mandatory requirement for every financial institution in the world. The rapid […]
The rise of blockchain technology has facilitated the spread of cryptocurrencies and other types of crypto assets. Secured by cryptographic algorithms and circulated without any need for a central bank authority, cryptocurrencies have disrupted traditional financial systems and are traded […]
A thorough AML programme has many moving parts, and adverse media screening is arguably one of the most important for preventing financial crime. Onboarding a client that has known risk could have severe consequences for your reputation, and also puts […]
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