Name Screening Name screening is part of the process of performing due diligence. The process (also known as "screening") involves taking a name and searching it on a name-screening database. A name screening database is usually obtained from reputable risk and compliance companies on a subscription basis. Major players in the current market are:Thomson R...
Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) was established by the Economic Community of West African States (ECOWAS) Authority of Heads of State and Government in the year 2000.The creation of GIABA is a major response and contribution of the ECOWAS to the fight against money laundering.GIABA
Areas concerning AMLCFT Framework RiskGovernance
CommunicationRisk-Based Approach (RBA)
There are three areas under RBA:Customer OnboardingRisk profiling
Customer Due Diligence (CDD)
Customer AcceptanceTransaction MonitoringIdentification of suspicious transactions
Tracking of suspicious tra...