As the regulatory and enforcement focus on money laundering and related financial crimes intensifies, adverse media screening can add immense value for banks. Effective adverse media screening demonstrates a bank’s strong commitment to responsible compliance and can result in substantial…
5 minute read
At the heart of all anti-money laundering and terrorist financing (AML/TF) regulation is the risk-based approach (RBA). The RBA recognizes that the risk profile of a bank’s customers varies widely and thus risk mitigation measures need to be proportionate. While…
4 minute read
The first Financial Action Task Force (FATF) plenary under the two-year Singapore Presidency of T. Raja Kumar took place in Paris on October 20-21, 2022. Discussions centered around: Additions to the blacklist Changes to the grey list Further restrictions placed…
6 minute read
