Tag: counter-terrorist financing
How the MLRO became a financial crime architect
The role of the MRLO has expanded far beyond its traditional remit. Once largely associated with regulatory filings, annual financial crime risk assessments and...
U.S. Treasury pushes AML compliance into the AI era
The U.S. Treasury Department has signalled sweeping changes to the country’s anti-money laundering and counter-terrorist financing (AML/CFT) regime, with a vision designed to prioritise...
Mastering AML through transaction screening
Between $800bn and $2tn is laundered globally each year, placing immense pressure on financial institutions to deploy robust transaction screening and monitoring systems. When...
FATF grey list reshuffle: what it means for AML efforts
The Financial Action Task Force (FATF) has updated its list of monitored jurisdictions, adding Bolivia and the British Virgin Islands (BVI) to its grey list while removing Croatia, Mali and Tanzania.
Navigating sanctions screening challenges in the FinTech landscape
Ensuring compliance with sanctions screening is pivotal in risk management for globally operating businesses.
What it means for the UAE nearing the end of FATF...
In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."
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