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 →
Commentary section on AML/CFT.
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 →
Firms are required to ensure compliance with global sanctions regimes and export controls to prevent terrorism and organised crime. In order to meet these requirements, they will need to monitor regulatory changes and maintain an internal framework to ensure that ... Read More →
Criminals performing illicit activities prefer to use cash as their primary financial instrument to facilitate their transactions. Given its anonymity and privacy, authorities around the world face difficulty in tracking criminals down. However, cash has its drawbacks. ... Read More →
The main purpose of terrorism is to threaten ordinary people, governments or international organisation into acting in a particular way or desisting from action, usually by fear tactics. Terrorist financing is a term used to describe the activities that provide ... Read More →