Tags FATF

Tag: FATF

Safeguarding financial integrity through advanced AML compliance strategies

In today's financial landscape, AML transaction monitoring is key for protecting the integrity of financial institutions and the global financial system.

Navigating the intricacies of PEP identification in FinTech compliance

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering...

What it means for the UAE nearing the end of FATF...

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."
Adapting to change: How the UK's latest money laundering amendments impact PEPs

Adapting to change: How the UK’s latest money laundering amendments impact...

On January 10, 2024, a pivotal shift in the UK's regulatory framework will unfold as the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 come into effect.

Understanding proliferation financing: Key steps for compliance and risk management

Proliferation Financing (PF) is becoming an increasingly important aspect of the compliance landscape, akin to well-known areas like anti-money laundering (AML) and counter-terrorism financing (CTF). Recently, regulators, particularly in the UK, have begun implementing stricter measures to help businesses identify and mitigate PF risks.

Moody’s Analytics Shares Key Steps for Enhanced PEPs Screening

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

AML vs KYC: Ensuring robust financial compliance in 2023

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...

Global financial threads: The risks and rewards of correspondent banking

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing economies, it offers a platform for banks to provide services on behalf of other financial institutions, typically situated in diverse countries. This extends to executing transactions, overseeing wire transfers, and collecting crucial documents.

Bolstering financial integrity through PEP screening in KYC processes

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes. 

ML and TF: The guide to safeguard your firm against financial...

RegTech firm Arctic Intelligence recently took the opportunity to provide a guide into assessing the impact of ML and TF on your firm. 

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