In most countries with robust anti-money laundering/countering the financing of terrorism (AML/CFT) governance framework, it is compulsory for financial institutions (FIs) to have its AML/CFT framework documented in the form of a company policy. This allows the FIs to ... Read More →
Articles
Commentary section on AML/CFT.
Summary of Singapore’s FATF Mutual Evaluation
Singapore's mutual evaluation with the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) recently concluded on September 2016 and here are the summarised results. Rating Methodology Immediate Outcomes (I.O) represents the ... Read More →
London Attack: The importance of clamping down terrorist financing
London - A man wielding two knives killed 4 people and injuring 40 others before being shot dead by officers. Prime Minister Theresa May condemned this act as a "sick and depraved terrorist attack." The act happened on London's Westminster Bridge where the assailant ... Read More →
How to conduct proper customer due diligence (CDD)
Conducting customer due diligence, or CDD, is a skill every Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) analyst should have. A typical investigation into a potential suspicious transaction will begin with CDD. In most countries with a robust ... Read More →
Money laundering trends and techniques
The techniques used by money launderers are many and varied: they evolve to match the volume of funds to be laundered and the legislative and regulatory environment of the various jurisdictions in which they are laundered. The sophisticated money launderer usually ... Read More →
