by AdrianaAMLP | Dec 16, 2024
It also sets out their respective responsibilities to adhere to payment transparency standards across a sample of commonly observed payment flows and serves as a reference guide that can be used by all PSPs, regulators and standard setters… ...
by Jyotsna Bucktowar | Dec 10, 2024
Key highlights include; Risk-based regulations are crucial-excessive AML/CFT measures that don’t align with risks are ineffective and inefficient, Unintended consequences, like limiting financial access to underserved communities, can undermine the effectiveness of...
by AdrianaAMLP | Nov 25, 2024
Key highlights from the FAQs include: Clarification of terminology related to digital assets, including definitions of cryptocurrencies, tokens, and distributed ledger technology (DLT); Guidance on applying existing anti-money laundering (AML) and counter-terrorist...
by Jyotsna Bucktowar | Nov 13, 2024
Conway the new Executive Secretary of the Wolfsberg Group was formerly responsible for Financial Crime Compliance at Banco Santander. His career includes roles at the US Department of Defense, PwC, and Barclays, with expertise in financial crime prevention and global...
by AdrianaAMLP | Sep 11, 2024
They also call for clearer expectations for AML program effectiveness, particularly for U.S.-based management of these programs. Another critical point is the recommendation to extend the implementation timeline for firms, as they believe the current schedule might be...
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