Financial Crime Compliance | Training | Advisory
As mentioned in the previous article series, we are going to look at the practical example of the risk assessment through the application of Microsoft Power BI. We have also made a video tutorial for this that can be found at the end of this article. However, we suggest you go to this article first…
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 consequences. Following two examples will be able to justify the aforementioned fact: Organization drafting policies before doing AML/CFT risk assessment. This is the same as driving in the dark being blindfolded….
This article summarizes what FATF is and what it stands for. Further, it outlines FATF Recommendations and classifies them into two categories: Recommendations that are applicable to Financial Institutions and Country as a whole. Why and When? As international awareness and concern began to raise regarding money laundering, there was a need for serious action….
If you are in Banking Industry or are following current news update, you might head that Nepal is near threshold of mutual evaluation by APG. Previously, we were unscathed by skin, that is we saved ourselves from being in blacklist, but, still we are not out of danger. So, let us explore, what is mutual…
This article is dedicated to all those brave souls who are starting on their own, an online venture in todays’ challenging world of strict regulatory restrictions. This article will share you with ideas on how you can earn money online in this complicated and overwhelming regulatory environment. I like to start with Money Laundering Concept….
Chapter 3 : Anti-Money Laundering/Counter-Terrorist Financing Compliance Programs This chapter is important in comparison to the rest of chapters because it talks about the foundation of AML/CFT or how the AML/CFT program should be laid out in the organization. So, if you are not happy with your current AML/CFT department in your organization or think…
CHAPTER 4:Conducting and Responding to Investigations Welcome to the overview of the fourth and final chapter of the CAMS Study Guide. This chapter is the shortest of all chapter but a very important one. This chapter is not that difficult to follow, although they are some technical concepts but it understands to follow. The main…
CHAPTER 2 : INTERNATIONAL AML/CFT STANDARDS Welcome to all of you to my next web series of simplifying CAMS Study Guide. I hope those who are preparing for the CAMS exam or who are wondering about the CAMS exam will find this useful. If you have landed to this page, directly then you may want…
CHATPER 1: RISKS AND METHODS OF MONEY LAUNDERING AND TERRORIST FINANCING First of all, congratulations to all of you who have decided to opt for CAMS certification. As you all know that it is internationally renowned and globally sought course in Anti-Money Laundering. As the saying goes, beautiful things are harder to get. Therefore, this…
I like to begin this article with the well know English proverb “too many cooks spoil the broth”. This usually happens when people don’t know what the soup is and how it should taste. They only knew the word ‘SOUP’. A similar context applies in designing and implementing AML/CFT system in the bank and other…
