AMLYZE’s Post

The recent Financial Action Task Force (FATF) Plenary has provided critical insights into the evolving landscape of AML/CFT measures. From addressing money laundering to combating terrorism financing, the outcomes and strategic initiatives discussed are crucial for businesses worldwide. At Neopay, we offer tailored solutions to effectively navigate these regulatory shifts. In our latest update, we highlight the key outcomes of the FATF Plenary, discuss implications for firms, and detail how Neopay can provide support. Read the update here https://lnkd.in/e3TisytD #AML #CFT #FATF #FinancialCrime #RegulatoryCompliance #RiskManagement #MoneyLaundering 

Financial Intelligence Units (FIUs) play a critical role in the global fight against financial crime. These specialized agencies collect, analyse, and disseminate financial data to detect and prevent money laundering, terrorist financing, and other illicit activities.   In this post, we explore the origin of FIU, their evolution since the 1990s, and their growing role in global financial security. We also highlight the diverse functions of FIUs across different jurisdictions and their impact on regulatory frameworks today.   #Fios #AML #FinancialCrime #FIU #MoneyLaundering #TerroristFinancing #Regulations #Compliance #GlobalSecurity

Money laundering is linked to crimes such as terrorist financing, fraud, drug and human trafficking, and more. Join ACFCS and ComplyAdvantage for a complimentary webinar in which we unravel the complex web of activities fueling financial crimes. You'll learn to: — Discover the emerging threats lurking in your organization's database or platforms — Uncover unexpected connections between data points to help you effectively manage risks beyond traditional monitoring and screening techniques — Visualize the network effect of data to meet the challenge of combating financial crime Register now: https://bit.ly/4dqBfHb #FinCrime #Fraud #CFCS #AML

Money laundering is linked to crimes such as terrorist financing, fraud, drug and human trafficking, and more. Join ACFCS and ComplyAdvantage for a complimentary webinar in which we unravel the complex web of activities fueling financial crimes. You'll learn to: — Discover the emerging threats lurking in your organization's database or platforms — Uncover unexpected connections between data points to help you effectively manage risks beyond traditional monitoring and screening techniques — Visualize the network effect of data to meet the challenge of combating financial crime Register now: https://bit.ly/4dqBfHb #FinCrime #Fraud #CFCS #AML

New regulations are very often seen as the main way to strengthen the fight against money laundering and terrorist financing. The successive AML Directives in the EU, the Anti-Money Laundering Act of 2020 in the US, the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 in the UK... All well and good, but we sometimes forget that new regulations are only part of the arsenal, as are other key weapons that can increase the effectiveness of the global fight against financial crime: 👉 technological innovation 👉 multi-sectoral and cross-border partnerships 👉 effective implementation of the risk-based approach This is exactly what Financial Action Task Force (FATF), INTERPOL and UNODC declared at a high-level event in Vienna this week (link in the Comments section). And we at AMLYZE agree 💯%. And more than just agreeing, we're also trying to act at our level, and are working as we speak on a way to combine these 3 approaches into one solution, to ultimately be able to bring it in your anti-financial crime toolbox. We will keep you posted on the development. #AML #CFT #NewAMLCFTApproach #AMLYZE

Money laundering and terrorist financing are real threats in today’s world. That's why the Financial Crimes Enforcement Network, US Treasury (FinCEN) issued a modernization of its anti-money laundering and countering the financing of terrorism (AML/CFT) enforcement rules. It’s imperative for financial institutions to demonstrate strong programs that can detect and report suspicious activities and any financial anomalies from a risk-based approach. At Diligent, we have long supported a risk-based approach to fraud and AML/CFT detection with our integrated GRC approach, including using ACL for audit analytics and ongoing screening of third parties. That's why Russell Dover and Jason Venner, RIMS-CRMP-FED created a list of 5 best practices to comply with FinCen’s new AML/CFT requirements. 👉 https://bit.ly/4gXrrGk #MoneyLaundering #TerroristFinancing #FinCen

📚 Are you looking for your next course to fulfill your CPD requirements? Why not check out this two-hour course on Anti-Money Laundering, Terrorist Financing & Fraud. This course is designed to differentiate between money laundering and terrorist financing and will give you a good understanding of topics such as financial crime, fraud, and due diligence. 📝 Here is what our members are saying about the course: "Clear, informative, and a great insight into the importance of preventing fraud" 🔐 To register, log in to your member portal. #LearnMore #DoMore #BeMore #CPD #AntiMoneyLaundering #FraudPrevention #FinancialCrime #InsuranceInstitute

The estate agency sector is an important part of the Island’s economy, with transactions totalling £532.85 million taking place in 2023. We are currently conducting a thematic review of the sector to test how estate agents are meeting their obligations in respect of the AML/CFT Code 2019. Phase one involved a questionnaire to gain a better understanding of the policies, procedures and controls put in place by estate agents to assess their business and customer risks, and to detect and prevent money laundering, terrorist financing and proliferation financing. The Estate Agents Phase One Report sets out the findings of the questionnaire, including the Authority’s observations, and examples of best practice. Estate Agents Phase One Report: https://lnkd.in/ex5mn53K

Strengthening a nation's efforts to prevent money laundering (ML) and terrorism financing (TF) requires 𝐭𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 (𝐍𝐑𝐀). NRA gives nations the ability to develop well-informed policies that are specific to their problems and put in place efficient AML/CFT procedures to counter both internal and outside threats. 𝐒𝐞𝐞 𝐨𝐮𝐫 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐠𝐥𝐨𝐬𝐬𝐚𝐫𝐲 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐭𝐡𝐞 𝐝𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧 𝐨𝐟 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 👇 𝙁𝘼𝙏𝙁 𝙟𝙪𝙨𝙩 𝙧𝙚𝙡𝙚𝙖𝙨𝙚𝙙 𝙩𝙝𝙚 𝙡𝙖𝙩𝙚𝙨𝙩 𝙉𝙍𝘼 𝙜𝙪𝙞𝙙𝙖𝙣𝙘𝙚 𝙛𝙤𝙧 𝙘𝙤𝙪𝙣𝙩𝙧𝙞𝙚𝙨, 𝙮𝙤𝙪 𝙘𝙖𝙣 𝙫𝙞𝙚𝙬 𝙞𝙩 𝙞𝙣 𝙩𝙝𝙚 𝙘𝙤𝙢𝙢𝙚𝙣𝙩 𝙨𝙚𝙘𝙩𝙞𝙤𝙣.👇 #NRA #AML #CFT #ADForensics #BlockchainForensics

Monitor for anti-corruption, money laundering & terrorist financing risks, while ensuring the highest levels of speed, quality & coverage with RiskCenter Advanced Screening and Monitoring: https://bit.ly/3EMD94S Leverage our news groupings and reduce analyst workload while maintaining maximum effectiveness. #AntiCorruption, #MoneyLaundering #TerroristFinancingRisks