The G20 is committed to leading by example by endorsing a set of core principles on the transparency of beneficial ownership of legal persons and arrangements that are applicable across G20 work streams. These principles build on existing international instruments and ... Read More →
Frameworks for AML/CFT
Library on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT)
Areas concerning AMLCFT Framework
Risk Governance Ownership Responsibility Communication Risk-Based Approach (RBA) There are three areas under RBA: Customer Onboarding Risk profiling Name screening Customer Due Diligence (CDD) Customer Acceptance Transaction ... Read More →
Three Lines of Defence
As a general rule and in the context of AML/CFT, the business units (eg front office, customer-facing activity) are the first line of defence in charge of identifying, assessing and controlling the risks of their business. They should know and carry out the policies and ... Read More →
Risk-based Approach (RBA)
What is the Risk-based Approach (RBA)? FATF Definition: A RBA to AML/CFT means that countries, competent authorities and financial institutions, are expected to identify, assess and understand the ML/TF risks to which they are exposed and take AML/CFT measures ... Read More →
