GCFCC releases Consultation Draft on enhancing AML/CTF Supervisory Effectiveness – 10 Key Enablers and 40 takeaways with Explanatory Notes

Effective supervision is not an exact science & cannot be strictly defined, or considered as something that can be taken “off the shelf” and is expected to work and operate effectively, repeatedly and without many years & cycles of operation. It is for most countries a journey, which starts with legacy regulators & regulations, updated to reflect AML/CTF global standards, new rules & regulations…