by Jyotsna Bucktowar | Sep 25, 2024
While most Professional Body Supervisors (PBSs) are compliant with AML regulations, the effectiveness of their supervisory practices is inconsistent. The report highlights deficiencies in risk-based approaches, with many PBSs only applying these measures to high-risk...
by Jyotsna Bucktowar | Apr 28, 2023
The report has found that professional bodies are continuing to demonstrate good levels of compliance with money laundering regulations but improvements in how effectively they supervise have not been good enough. Too many PBSs still failed to share relevant...
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