ACAMS 10th Annual AML & Financial Crime Conference

  The ACAMS 10th Annual AML & Financial Crime Conference is taking place 29-30 May in London, will host industry’s most influential financial crime experts. Join us for the region’s premiere forum on critical topics ̶ including the EU Money Laundering Directive, international tax initiatives, trade and economic sanctions and virtual attacks. This year’s […] Continue Reading »

Algeria – Know Your Customer (KYC) Rules

  The extent of money laundering through formal financial institutions in Algeria is thought to be minimal due to stringent exchange control regulations, a large segment of the economy that is cash-based, and an antiquated banking sector dominated by public banks. The restricted convertibility of the Algerian dinar enables the […] Continue Reading »

KYC & AML Global Watchlists

What KYC & AML Global Watchlists should you refer to when compiling your datasets? Know Your Customer (KYC) compliance requirements frequently require identity checks against known or suspected money laundering, terrorist, or other persons considered high risk. The following should be a start when compiling your datasets to check for […] Continue Reading »

14th Annual FIBA AML Compliance Conference – February 20-21, 2014 – Miami

  Does your financial institution have a well-defined culture of compliance? What does that even mean in terms of policies and procedures, controls, audit, hiring and training? These are questions compliance personnel should consider in the current enforcement environment. Financial institutions are being subjected to heightened scrutiny as a result […] Continue Reading »

BBA Anti-Money Laundering Induction Workshop – Jan 24 2014

This induction workshop is an essential primer for all Officers assuming responsibilities for AML issues. The workshop explores and critiques the main concepts of the UK’s legal framework, POCA and reporting suspicions, Money Laundering Regulations, FCA requirements and industry guidance – key compliance obligations. Date: 24/01/2014  Venue: Pinners Hall, 105-108 Old […] Continue Reading »

AUSTRAC typologies and case studies report 2013

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulator and specialist financial intelligence unit (FIU). AUSTRAC’s purpose is to protect the integrity of Australia’s financial system and contribute to the administration of justice through its expertise in countering money laundering and the financing […] Continue Reading »

Money Launderering – Vulnerability Factors

The current ability of money launderers to penetrate virtually any financial system makes every jurisdiction a potential money laundering center. There is no precise measure of vulnerability for any financial system, and not every vulnerable financial system will, in fact, be host to large volumes of laundered proceeds. A checklist […] Continue Reading »

Egypt – Know Your Customer (KYC) Rules

  Egypt is not considered a regional financial center or a major hub for money laundering. Egypt has a large informal cash economy, and many financial transactions are undocumented or do not enter the banking system. Cash remains by far the preferred means of payment in Egypt and, despite efforts […] Continue Reading »

Afghanistan – Know Your Customer (KYC) Rules

  Afghanistan is not a regional or offshore center. Terrorist and insurgent financing, money laundering, cash smuggling, abuse of informal value transfer systems, and other illicit activities designed to finance organized criminal activity continue to pose serious threats to the security and development of Afghanistan. Afghanistan remains a major drug […] Continue Reading »

Kyrgyzstan – Know Your Customer (KYC) Rules

  The Kyrgyz Republic (Kyrgyzstan) operates largely on a cash economy and with decentralized accounting systems, which makes money laundering difficult to detect. The banking sector is small and the Kyrgyz Republic is not a regional financial center. A significant percentage of the country‘s GDP comes from remittances from abroad, posing […] Continue Reading »