AML Basics

If you are new to the AML area, you should start here…

August 30, 2016 Aziz Rahman, Senior Partner at serious and corporate crime defence specialists Rahman Ravelli, has urged accountants, auditors and IFAs to treat the EU’s ongoing drive to eradicate money laundering and terrorism financing as a “wake-up call”. The European Commission unveiled an Action Plan earlier this year, which followed on from...
August 11, 2016 A day does not go by without headlines about financial fraud, whether it's hackers infiltrating businesses' computer networks or other types of identity theft.  While using chip-enabled credit cards and being wary of phishing scams help protect consumers, hackers are becoming more sophisticated. "Fraudsters have become so good...
August 2016 A new survey developed by NextAngles with SourceMedia shows that AML, KYC and cybersecurity are the leading concerns of compliance officers at banks with more than $3 billion in assets. The survey revealed Anti-Money Laundering (AML) as one of the topmost concerns. This NextAngles™ white paper discusses the...
August 8 2016 Two related enforcement actions by the U.S. Department of Treasury’s Office of Foreign Assets Compliance (OFAC) are stark reminders that health insurance providers (and other insurers) must maintain adequate U.S. trade sanctions compliance programs, including conducting screening of customers and others. While the insurance company and its...
JULY 29, 2016 As scandals, large fines and sanctions at financial services firms swirl in the press, what is really keeping Chief Compliance Officers awake at night? To answer that question, I asked Elin Cherry, Principal, Compliance Risk Concepts, Alma Agnotti, Managing Director, Navigant and Robert Powell, Director of Compliance,...
July 25 2016 We all face a number of risks every day. Yet, we do not respond to each and every risk. We engage in risk-ranking our responses. Some are more risk than others and some are more catastrophic than others. So, we engage in risk ranking each day and...