Trendletter 2018 Q2
Major developments in the field of money laundering prevention, financing of terrorism and other business integrity topics continued to feature in the news during the past quarter. Despite all the…
Nominated AML Officer
In the UK, HM Revenue & Customs regulations stipulate that “businesses that are regulated by the Money Laundering Regulations must appoint what is known as a ‘nominated officer’. The nominated…
Know your client (KYC) and know your client’s business – connecting the dots
The United Nations Office on Drugs and Crime (UNODC) estimates that each year the amount of money laundered is between 2 and 5% of the global GDP ($800 billion-$2 trillion). Banks, like all financial…