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Experts Corner

This category will list down articles which have been contributed by industry experts to be published on AMLabc.com

Was India's demonetization initiative really a failure? In this article I would like to walk through the benefits of this exercise, even if majority of the cash was returned to banks
Banks and other financial institutions entered 2017 facing an increasingly daunting framework of anti-money-laundering (AML) laws and regulations. During the past several years, regulatory agencies have been aggressively stepping up their enforcement actions, and they’ve levied huge fines for compliance failures. For instance, the New York State Department of Financial Services (NYDFS)1...
A report prepared by Alix Partners Our 2017 global anti-money laundering and sanctions compliance survey explores how financial institutions are managing their compliance programs amid growing risk and heightened regulatory expectations. At a glance Although we may assume boards stay engaged, 20% of respondents do not provide training to their board or are...
Every day, we read about a financial institution being detected by the regulator’s radar. On a weekly basis, we hear about a reporting entity (financial or non-financial institution) being subject to local or international investigations for being misused in a financial crime. We would be in a perfect world...
  Any asset that can be bought and sold within a short frame is very lucrative to money launderers. Hence, it is common to see Precious Metals, art, cars and even real estate being used for money laundering. Online electronic online casino payments methods like E-Bay and PayPal too are...