Bachir El-Nakib’s Post

📙 The Wolfsberg Group releases new guidance on effective monitoring for suspicious activity 🔝 The Wolfsberg Group is a leading coalition of financial institutions focusing on regulatory compliance issues, has published its latest statement on “Effective Monitoring for Suspicious Activity” (MSA). 💱💰 This document outlines advanced strategies to refine anti-money laundering (AML) and counter-terrorist financing (CTF) efforts across the sector, moving beyond traditional transaction monitoring towards a comprehensive, risk-based approach. 📖 Read the news by following the link in the comments section below ⬇️ #thewolfsberggroup #AML #CTF #fraudprevention

#AMLMonday To aid public and industry awareness, we will be running anti-Money laundering & Counter-Terrorist Financing (AMLCTF) content every Monday for the rest of this year. The first topic is the national risk assessment on terror financing (NRA TF). Watch, learn, share, and comment here: https://bit.ly/4h0hZSB

Curious about the difference between Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT)? 🔍 Simply Comply breaks it down for you! Stay informed and stay compliant with our expert insights. 💡 Visit our website to learn more: https://lnkd.in/dvGyBAh #AML #CFT #Compliance #SimplyComply

This month HM Treasury published its annual report on the performance of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) supervisors.   In this article, we look at the key highlights of the 2022-2023 report, including supervisory activities, supervisory findings, promoting compliance and what this means for those operating in the regulated sector.   Read the full article: https://lnkd.in/epVg3bxF   This article relates to recent legal developments in the United Kingdom and was authored by Ruth Paley, Victoria Turner and Will Tinkler.   #AntiMoneyLaundering #CounterTerroristFinancing

This month HM Treasury published its annual report on the performance of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) supervisors. In this article, we look at the key highlights of the 2022-2023 report, including supervisory activities, supervisory findings, promoting compliance and what this means for those operating in the regulated sector. Read the full article: https://lnkd.in/epVg3bxF This article relates to recent legal developments in the United Kingdom and was authored by Ruth Paley, Victoria Turner and Will Tinkler. #AntiMoneyLaundering #CounterTerroristFinancing

👉📣 Released today - "#Virtual #Assets: Targeted Update on Implementation of the #FATF Standards" The report refers to the fifth update on jurisdictions’ #compliance with FATF’s Recommendation 15 and its Interpretative Note (R.15/INR.15). This recommendation was updated in 2019 to apply anti-#money #laundering and counter-terrorist financing (#AML/#CFT) measures to virtual assets (#VA) and virtual asset service providers (#VASPs). It provides an overview of global implementation of R.15; outlines challenges in implementing the FATF #Standards; shares suggested solutions or progress made by the public and private sectors; and provides an overview of emerging risks relating to VAs and how jurisdictions and industry are responding to these risks. 👉👉https://lnkd.in/dQDmM5rq #cryptoassests #BCFT

Unveiling new strategies and detailed assessments, the UK government's latest report from HM Treasury summarises the advances and challenges in the Anti-money Laundering and Counter-terrorist Financing landscape, featuring pivotal case studies and comprehensive data from the 2022-23 supervisory period. https://ow.ly/4hKa30sCxyh

Unveiling new strategies and detailed assessments, the UK government's latest report from HM Treasury summarises the advances and challenges in the Anti-money Laundering and Counter-terrorist Financing landscape, featuring pivotal case studies and comprehensive data from the 2022-23 supervisory period. https://ow.ly/cvjC30sCCl3

Unveiling new strategies and detailed assessments, the UK government's latest report from HM Treasury summarises the advances and challenges in the Anti-money Laundering and Counter-terrorist Financing landscape, featuring pivotal case studies and comprehensive data from the 2022-23 supervisory period. https://ow.ly/wRz630sCoBJ

The CBA class actions mark the fifth consecutive judgment (at first instance) for respondents. Amanda Beattie and I discuss the CBA decision, the class action landscape and the potential impacts of the decision in the article below. Happy reading. #classaction #shareholder #amlctf #continuousdisclosure