Why good organisations sometimes do bad things
September 29, 2021
According to the UNODC, about 70% of all criminal money flows through the financial sector, making it by far the biggest institutional conduit for money laundering. So, it will come as no surprise…
Understanding FEC risks when working from home
September 29, 2021
We like to take a pragmatic and hands-on approach in our work with FIs on the topic of FEC prevention. It’s important to have regulations, policies and control measures in place but we believe it all…
The crucial role of a business-wide risk assessment
September 29, 2021
In its recently revised ML/TF Risk Factors Guidelines, EBA stated that financial institutions should use the findings from their business-wide risk assessment[1] to inform their AML/CFT policies,…