AML/CFT Standards: Ensuring a Secure Financial Landscape
"The fight against money laundering and terrorist financing is a global responsibility that requires collaboration and commitment from all nations."-...
Basel Committee on Banking Supervision (BCBS)
The Basel Committee on Banking Supervision (BCBS) plays a crucial role in safeguarding global financial stability and promoting effective AML...
The Essential Role of Due Diligence in AML Compliance
One of the fundamental components of AML compliance is due diligence. This article explores the essential role of due diligence...
AML Certification
AML, or Anti-Money Laundering, certification is a professional qualification that individuals can obtain to demonstrate their understanding of the key...
Shell Bank in AML World
Shell banks present significant risks in the realm of anti-money laundering (AML), requiring focused attention from AML professionals. This article...
AML Residual Risk
AML residual risk continues to pose a persistent threat, requiring vigilant efforts to mitigate its impact. Delve into the regulatory...
Financial Information Sharing Partnerships (FISPs)
Step into the world of Financial Information Sharing Partnerships (FISPs) and harness the power of collaborative information exchange. Dive into...
Exposed Person Lists (EPL)
Enhance your AML compliance practices with Exposed Person Lists (EPLs). Dive into the world of risk assessment, due diligence, and...
Non-Profit Organizations (NPOs)
Non-Profit Organizations (NPOs) have long been the cornerstone of social development globally. However, like any other sector, NPOs are not...
Non-Cooperative Countries or Territories (NCCTs)
In this edition, we will delve into the significance of Non-Cooperative Countries or Territories (NCCTs), its definition, practical examples, statistics,...
Adopting a Risk-Based Approach to KYC and AML Compliance
In this article, we will delve into the concept of adopting a risk-based approach to KYC and AML compliance. We...
Geographic Risk
Geographic risk refers to the level of susceptibility of a particular geographic region or jurisdiction to money laundering and terrorist...
National Risk Assessment (NRA)
The National Risk Assessment (NRA) is a comprehensive and systematic process conducted by a country's government or regulatory authority to...
Hawala banking in AML Compliance
Discover the world of Hawala banking and its unique advantages for cross-border money transfers. Explore the speed, cost-effectiveness, and flexibility...
Terrorist Financing: A Comprehensive Guide for AML Professionals
Terrorist Financing involves providing funds to support terrorist activities, using various methods to conceal the origin and purpose of the...
Financial Intelligence Unit (FIU)
A Financial Intelligence Unit (FIU) is a specialized government agency responsible for collecting, analyzing, and disseminating financial intelligence to combat...
Money Laundering
"The rise of decentralized finance and digital assets will require innovative solutions to address emerging money laundering risks." - Bank...
Financial Action Task Force (FATF)
"The fight against money laundering and terrorist financing is a shared responsibility." - FATF
Anti-Money Laundering (AML)
"Money laundering undermines the integrity of our financial system and threatens our security. We must act collectively to protect our...
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