by Jyotsna Bucktowar | Nov 20, 2023
Rec. 8 does not apply to the entire not-for-profit sector, but only to the sub-set that falls within the FATF definition of an NPO. Countries should identify organisations that fall within that definition, assess their risks of abuse for terrorist...
by Jyotsna Bucktowar | Nov 15, 2023
Politically exposed person: a natural person exercising or having exercised prominent public functions. This includes in particular: heads of State, heads of government, ministers, deputy ministers and state secretaries; in Austria, this concerns in particular the...
by Jyotsna Bucktowar | Nov 14, 2023
The article discusses a tipping point, suggesting a critical moment for banks to proactively tackle AML challenges. It likely outlines key insights into the escalating risks and consequences associated with financial crime breaches in the banking sector…
by Jyotsna Bucktowar | Nov 14, 2023
KYC is a crucial process for financial institutions, aiming to prevent money laundering and fraud. The tension arises between obtaining sufficient customer information for risk management and ensuring a smooth customer experience during transactions…
by Jyotsna Bucktowar | Nov 13, 2023
These measures were taken in accordance with Articles L. 562-2 of the Monetary and Financial Code, which authorizes the freezing of assets and prohibits making funds available to those who engage in certain financial crimes, including the financing of terrorist...
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