by AdrianaAMLP | Jul 8, 2024
The goal is to update the NRA guidance to make it more effective, comprehensive and useful for all stakeholders involved. FATF invites contributions from the private sector, civil society and academia to ensure the guidance is aligned with their...
by AdrianaAMLP | Jun 27, 2024
Recommends improvements to the proposals that would see money laundering regulations being more explicit about ‘who’ within a firm would be subject to regulatory scrutiny. The CIO also urges that new regulations allow for HMRC to consider professional body...
by AdrianaAMLP | Jun 20, 2024
This consultation is part of a broader initiative under the Economic Crime Plan 2023-26. Our response addresses two core themes of the consultation: making customer due diligence more proportionate and effective, and strengthening system coordination. We welcome the...
by Jyotsna Bucktowar | May 28, 2024
The Guide aims to enhance understanding of the FCA’s expectations and to help firms assess the adequacy of their financial crime systems and controls, and remedy any deficiencies. The FC Guide contains various self-evaluation questions, along with examples of good and...
by Jyotsna Bucktowar | May 12, 2024
The proposed guidelines include the need to: (i) conduct comprehensive due diligence at both initial onboarding, as well as on an ongoing basis; (ii) develop a comprehensive credit risk mitigation strategy to effectively manage counterparty exposures; (iii) measure,...
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