PEPs Knowledge & training What is a politically exposed person (PEP)? While politically exposed person (PEP) status does not predict criminal behavior, the risk exposure that it brings means that financial institutions must apply additional AML/CFT measures when establishing a business relationship and conduct ongoing monitoring to ensure that they capture […] 7 minute read
AML compliance Knowledge & training AML France Regulations 6 Things You Should Know About AML France Regulations As one of the world’s largest economies, France plays a prominent role in the fight against financial crime and imposes strict money laundering and counter financing of terrorism regulations on its […] 5 minute read
AML compliance Knowledge & training A regulatory overview of anti-money laundering in Singapore As one of the world’s busiest and most innovative commercial hubs, Singapore is a natural destination for banks and financial services businesses. The country is home to more than 1300 financial technology (FinTech) firms, which attracted over US$4.1 billion in […] 9 minute read
AML compliance Knowledge & training What is trade based money laundering (TBML)? As anti-money laundering (AML) controls evolve, criminals find new ways to transform the financial proceeds of crime into legitimate funds. One of the most prevalent global money laundering strategies is to exploit the vulnerabilities of cross-border trade via trade based […] 10 minute read
Regulation Knowledge & training What is the USA Patriot Act? Congress passed the USA Patriot Act on 26 October 2001 as a response to the September 11 terror attacks. The Patriot Act gave law enforcement agencies across the United States a range of new investigative powers. In addition to more […] 6 minute read
Transaction monitoring Knowledge & training What is a suspicious activity report (SAR)? A suspicious activity report (SAR) is a document filed by a financial institution (FI) or other obligated entity to report illegal or suspicious activities to regulatory authorities. This is done to aid the global effort to detect and prevent financial […] 8 minute read
PEPs Knowledge & training Politically Exposed Persons in Canada: What You Need To Know Canada’s AML regulations require banks and financial institutions to check whether their clients are a Politically Exposed Person in Canada (or elsewhere) in order to build accurate risk profiles and comply with legislation. PEP screening is required by regulatory authorities […] 3 minute read
PEPs Knowledge & training What are RCAs: Relatives and close associates? As part of their customer due diligence obligations, banks and financial institutions must establish whether their clients are politically exposed persons (PEP) and at risk of being involved in financial crimes, like money laundering. Politically exposed persons fall into several […] 2 minute read
Adverse media Knowledge & training Adverse media & regulations Adverse media: Regulations and recommendations Running adverse media screening isn’t just a question of protecting your company from reputational damage, or building a helpful image of a client’s risk profile: it’s also a regulatory requirement of financial authorities around the world. […] 3 minute read
Adverse media Knowledge & training 7 best practices for adverse media screening When conducting customer due diligence (CDD), financial institutions (FIs) must assess prospective customers against a variety of risk factors. One of these is adverse media, or negative news: information from media sources indicating that a customer may represent a money […] 7 minute read
Sanctions Knowledge & training EU Sanctions List European Union (EU) sanctions list Economic sanctions are an essential part of the EU’s Common Foreign and Security Policy (CFSP) and are employed as part of the international effort to combat money laundering, terrorism financing and other financial crimes. To […] 3 minute read
Sanctions Knowledge & training The UN Sanctions List: What you need to know The United Nations is an international organization dedicated to promoting peace and security and sustainable economic development across the world. In pursuing those objectives, the UN works to combat financial crimes, including money laundering and terror financing, by imposing sanctions […] 3 minute read
