Tag: Independent Reviews

Independent reviews are a cornerstone of a strong, risk-based BSA/AML and OFAC compliance programme.

Is your financial institution overlooking its greatest asset? In today’s competitive market, many companies undervalue the role of compliance.

The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.