Obliged entities constantly strengthen their compliance mechanisms and spend more on AML compliance compared to the past decade. Compliance is now seen as a vital mechanism in obliged entities not only due to fear of the cost of non-compliance but also due to increased regulation. More and more companies are looking to bring AML Compliance…
The risk of money laundering is an issue that exists worldwide and institutions across the globe are scaling up their prevention mechanisms to detect and prevent the laundering of illegally obtained funds or property. AML professionals and money launderers are engaged in a constant “fight” – with AML professionals on the one hand building protection…
In our previous article titled Creating a Strong AML Compliance Culture, we talked about the elements of a strong compliance environment. Here, you can find our top tips for the Compliance Department. One of the basic elements for establishing a strong compliance culture within an organization is the designation of a skilled and knowledgeable Compliance…