Predicate Offence A predicate offence is a crime that is a component of a more serious crime. For example, producing unlawful funds is the primary offence and money laundering is the predicate offence.The term "predicate offence" is usually used in referenced to money laundering or terrrorism financing activities.
De-risking The Finanial Action Task Force defines de-risking as:
The phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk in line with the FATF’s risk-based approach
The approach towards de-risking is counter-productive to the goals of an anti-money la...
Middle East and North Africa Financial Action Task Force (MENAFATF) Recognising the threats posed by money laundering and terrorist financing operations to countries in the Middle East and North Africa Region;
Whereas this threat can be effectively tackled through co‑operation between countries within the MENA Region;
Recalling measures taken by the United Nations with regard to countering money laundering and th...
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