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Daily Archives: June 7, 2017

AML-2

Anti-Money Laundering Programmes – Systems

AML governance framework, risk-based approach & elements of a reporting system In our previous post we discussed what money laundering is. We listed the Financial Action Task Force’s (FATF) 40 recommendations that are used to develop and implement national AML/CTF regulations and laws to counter

AML-1

Anti-Money Laundering Programmes – Regulations

Money Laundering and the foundation for implementing an effective Anti-Money Laundering System Money Laundering is the attempt to disguise the proceeds generated from criminal or illegal sources and activities as if they were produced by legitimate means. Unrestrained money laundering provides an incentive for criminal

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