Financial Crime Compliance | Training | Advisory
From the previous article, we have come to known that why different regulatory bodies want to implement goAML and why they are pushing different financial sectors to implement them. However, the problem occurs when the expectation of regulatory bodies does not match with the reality of financial institutions. We are going to share some problems…
If you are in the financial institution sector, you must have heard the term GoAML. This two-part article series will explain what is GoAML, why was it introduced, what are nuts and bolts behind it. What is goAML? GoAML application is one of out of many solutions provided by UNODC to combat worldwide financial crime…
If you are following my articles series , you must by now have known the difference between the AML/CFT policy and AML/CFT procedures. If you have missed out any of them please go through them by following this link: AML/CFT policy is brief introduction of all control measures that you are going to apply in…
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 assessment of your organization and identified the various risks that are present in your organization, it is time for risk mitigation that is to implement different control measures to reduce the…
Small EU states regularly sell ‘golden passports’ to high net worth individuals, and these citizens thus earn the right to live and work anywhere in the EU. By imagining member states as private clubs and the EU as a meta-club, this column presents a model of…
PayPal has provided AU$500 million to 7,000 businesses in Australia since it launched a working capital offering less than five years ago alongside Citi. “We can see that there is an ongoing demand for alternative finance solutions to support small businesse…
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…
NEW DELHI: India has the third-highest trade-related illicit financial flow among over 135 countries with a whopping USD 83.5 billion escaping the government’s tax net owing to trade-based money laundering tactics, according to a report released on Tuesday by…
India has the third-highest trade-related illicit financial flow among over 135 countries with a whopping USD 83.5 billion escaping the government’s tax net owing to trade-based money laundering tactics, according to a report released by US-based think tank G…
India has the third-highest trade-related illicit financial flow among over 135 countries with a whopping $83.5 billion escaping the government’s tax net owing to trade-based money laundering tactics, according to a report released on Tuesday by US-based thin…
