Knowledge & Training

What is 4AMLD and What Does it Mean for Regulated Industries? The European Union Fourth Money Laundering Directive (4AMLD) was ratified by the European Parliament in 2015 and was implemented in all EU states on the 26th June 2017. It […]

Many uncertainties and misunderstandings surround politically exposed persons (PEPs). Classifying a client as a PEP is part of the process that enables financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs) to assess the risks related to PEPs. Since […]

What are ultimate beneficial owners (UBO)? In a constantly changing regulatory landscape, firms must ensure they know who they are doing business with by establishing the identities of their customers. With that in mind, financial regulators require firms to establish […]

Sanctions Against Iran: What You Need To Know Numerous governments have imposed sanctions against Iran over the past several decades. Iran sanctions measures entail a variety of economic restrictions and have broadly been imposed in response to the Iranian government’s […]

Cuba Sanctions from the United States The US government first imposed economic sanctions against Cuba on February 7th 1962 in response to the Cuban government’s political alignment with the Soviet Union, and its ongoing efforts to undermine democratic processes. Implemented […]

Economic sanctions against Syria are a response to the Syrian government’s use of chemical weapons against civilians and its sponsorship of terrorist groups. Numerous governments currently maintain Syria sanctions programs, which entail a variety of economic restrictions including trade embargoes, […]

What does the Mexican Unidad de Inteligencia Financiera do? Created in 2004, the Mexican Unidad de Inteligencia Financiera (UIF) is a government agency focused on detecting and preventing financial crimes such as money laundering and terrorist financing. The UIF is […]

Overview of the Egmont Group Of Financial Intelligence Units The Egmont Group of Financial Intelligence Units is an important global financial network. Comprising over 150 members FIUs from around the world, the group was founded in 1995 to formulate coordinated policies […]

Overview of the Wolfsberg Group The Wolfsberg Group, an association of 13 global banks, is one of the several non-governmental organisations that are involved in managing the international economy. The group was founded in 2000 with the aim of contributing […]

The Conselho de Controle de Atividades Financeiras (COAF) is Brazil’s national Financial Intelligence Unit (FIU) and is the supervisory body responsible for fighting financial crime.  Founded in 1998 and headquartered in the capital city, Brasilia, COAF is part of Brazil’s […]

Founded in 1989, the Australian Transaction Reports and Analysis Center (AUSTRAC) is Australia’s financial intelligence unit (FIU), responsible for combating money laundering (ML), terrorist financing (TF), and other financial crimes. AUSTRAC operates under the Anti-Money Laundering and Counter-Terrorism Financing Act […]

The important role of HM Revenue and Customs (HMRC) What is HMRC? It is common knowledge that HM Revenue and Customs (HMRC) is responsible for regulating taxes, wages, and many other aspects of the financial sector in the United Kingdom. […]