The International Monetary Fund (IMF) has published an extensive book to assist anti-money laundering and combating terrorism financing (AML/CFT) policymakers and practitioners in identifying key challenges and good practices for strengthening the effectiveness of counter terrorism financing frameworks. The roles… Read More ›
Bank of Queensland (BOQ) says it is at risk of being subjected to penalties, sanctions or other enforcement action due to weaknesses in its anti-money laundering and counter financing of terrorism (AML/CFT) programme. If it is in breach of AML/CFT… Read More ›
Financial crime, risk, and compliance solutions provider, NICE Actimize, has launched its ActOne10 case management solution for financial institutions. It claims to provide the tools required to uncover networked crime, including nested correspondent banking, where a smaller financial institution, such as… Read More ›
Banks in the European Union (EU) are amongst entities that may be required to verify their customers’ identity, what they own and who controls the company, under proposed new European anti-money laundering and counter financing of terrorism (AML/CFT) package approved… Read More ›
The Financial Action Task Force (FATF) has placed Nigeria and South Africa on its list of countries under increased monitoring, commonly known as the grey list, after they failed to address strategic deficiencies in their regimes to counter money laundering,… Read More ›
The Wolfsberg Group, the association of global banks that aims to develop frameworks and guidance for the management of financial crime risks, and the Institute of International Finance (IIF), the global association of the financial industry, have submitted joint comments… Read More ›
The International Monetary Fund (IMF) has published a new fact sheet on its work helping shape policies on anti-money laundering (AML) combatting the financing of terrorism (CFT) and counter-proliferation financing internationally and within its members’ national frameworks. The fact sheet,… Read More ›
Paris has officially announced its bid to host the new European Anti-Money Laundering Authority (AMLA) and its staff. The French capital is already home to the Financial Action Task Force (FATF) and the European Banking Authority (EBA), and the city’s… Read More ›