Financial Crime Compliance | Training | Advisory
PHOTO: REUTERS ISLAMABAD: The government has decided to hire a commercial bank to scrutinise Rs4 trillion deposits of four million Pakistanis placed with the Central Directorate of National Savings (CDNS) after the Financial Action Task Force (FATF) pointed…
Former deputy director of Kuala Lumpur City Hall Sabudin Mohd Salleh posted bail. IPOH: A former deputy director of Kuala Lumpur City Hall (DBKL) pleaded not guilty in the Sessions Court here today to three counts of money laundering, involving RM276,400. S…
In this file photo, Wajid Zia calls on PM Imran Khan in Islamabad. PHOTO: PID ISLAMABAD: Prime Minister Imran Khan on Tuesday directed the interior ministry to send him a summary for approval of a request from the Federal Investigation Agency (FIA) to bring…
PHOTO: FILE KARACHI: The State Bank of Pakistan (SBP) has empowered commercial banks to deal in foreign currency loans of all sizes which are obtained from abroad by the corporate entities operating in the country. Previously, loans aggregating to over $1 …
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…
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NowADays, Information Security has caught lot of peoples’ attention. Many don’t understand it, some interested give it A try, few serious ones make a career out of it. I have prepared this article for Beginners who are thinking of adopting an Information Security Career for their bread and butter. But those who are veterans can…
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…
