Wednesday, November 30, 2022
Money Launderer

Understand Hawala or Hundi Banking, What makes it Illegal and ways to Identify...

Most people who have encountered this term Hawala or Hundi may not fully grasp the meaning of it. Nowadays, we link these terms to...

Understand Trade-Based Money Laundering in Simplified Way? WHAT, WHEN, WHERE, WHY, HOW, and WHO...

Trade-Based Money laundering accounts for “hundreds of billions” of dollars worldwide. So this article aims to describe all the components of trade-based...

AML/CFT Process Simplified: AML/CFT Training.(Part 6-Final)

You must know that regulatory bodies take punitive action against any organization that does not provide training to employees regarding AML/CFT. But do you...

AML/CFT Process Simplified: AML/CFT Organization Structure(Part 5)

Congratulations, you have now completed more than 50% of the work in AML/CFT. You have done Money laundering and Terrorism financing risk assessment developed...

Simplified Way of Understanding goAML: Problems in implementing goAML(part 2)

From the previous article, we have come to known that why different regulatory bodies want to implement goAML and why they are pushing different...

AML/CFT Process Simplified:Understanding goAML(part 1)

If you are in the financial institution sector, you must have heard the term GoAML. This two-part article series will explain...

AML/CFT Process Simplified: AML/CFT Procedures (Part 4)

If you are following my articles series , you must by now have  known the difference between the AML/CFT policy...

AML/CFT Process Simplified: Anti-Bribery Policy and AML/CFT Policy. (Part 3)

Welcome to part 3 of our article series which is all about creating policies and procedures regarding AML/CFT. Once you have done a risk...
Risk Assessment

AML/CFT Process Simplified: Risk Assessment with Practical Example.(Part 2)

As mentioned in the previous article series, we are going to look at the practical example of the risk assessment through the application of...
AML/CFT Risk Assessment

AML/CFT Process Simplified:Risk Assessment (Part 1)

Look before you leap.       John Heywood (c.1497-1580) We have been hearing this quote time and again but we keep forgetting it repeatedly and suffering...