Agenda 9/9/2016. Introducing money laundering & criminal creativity So, how to combat? The impact of money laundering Final thoughts!
|
|
|
- Cameron Phillips
- 5 years ago
- Views:
Transcription
1 Session W12: If You Think You Are Too Far From Money Laundering and Terrorism, This Session is For You! Agenda Introducing money laundering & criminal creativity So, how to combat? The impact of money laundering Final thoughts! 1
2 What is money laundering? It s characteristics 2
3 2% - 5% 800,000 billion - 2 trillion Placement Layering Integration Differences with terrorist financing 3
4 CREATIVITY 4
5 Operations that are inconsistent or mismatched with the customer profile Companies or persons who abstain from providing information Employee reluctant to enjoy vacation Employee that prevents other coworkers attending certain customers or having a very close relationship with them The supplier s companies are inconsistent with their business line Supplier who is also employee of another company 5
6 So, how to combat? Key regulation Some country regulation United States Patriot Act, 2001 & OFAC Mexico Federal Law to Prevent and Identify Authority: Financial Crimes Enforcement Transactions Involving Resources Illegally Network (FinCEN) Obtained, 2012 & Financial sector regulated Who it regulates: financial entities, money since 2004 transmitters, precious metals, jewels and stones, Authority: Financial Intelligence Unit (FIU) casinos, credit card systems, loan or finance Who it regulates: financial entities, gambling, companies. construction, real estate, jewelry, works of art, cars, professional independent services, foreign trade services, etc. Panama Law 23, 2015 Authority: Financial Analysis Unit (FAI) Who it regulates: financial entities, insurance, gambling, real estate, construction, transport securities, companies in free zones, precious metals, lottery, cars, gatekeepers (lawyers, accountant and notaries), etc. Australia Anti Money Laundering and Counter Terrorism Financing Act, 2006 Authority: Australian Transaction Reports and Analysis Centre (AUSTRAC) Who it regulates: financial entities, gambling, bullion dealers, remittances, etc. Argentina Law , 2000 Authority: Financial Intelligence Unit (FIU) Who it regulates: financial entities, gambling, real estate, art, jewelry, antiques, precious metals, notaries, customs, insurance, donations, trusts, cars, yachts, boats, legal persons to organize or regulate professional sports (Football), etc. China Anti Money Laundering Law of the People s Republic of China, 2006 Authority: Anti Money Laundering Monitoring and Analysis Centre (AML MAC) Who it regulates: financial entities, insurance, trusts, casinos, etc. United Arab Emirates Law 4/2002 (AML) & Law 1/2004, (CFT) Authority: Anti Money Laundering and Suspicious Cases Unit (AMLSCU) Who it regulates: financial entities, hawala brokers, financial free zones, gold, jewelry, gem stones, etc. Canada Proceeds of Crime Money Laundering and Terrorist Financing Act, 2001 Authority: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Who it regulates: financial entities, insurance, securities dealers, money services businesses, accountants, real estate, casinos, precious metals and stones, notaries, etc. Brazil Law 9.613/98, Law /2012 (AML) & Law /2003 (TF) Authority: Council for Financial Activities Control (COAF) Who it regulates: financial entities, insurance, real estate, lawyers, accountants, consultants, jewelry, precious stones, antiques, disposal or acquisition of rights on contracts related to sports or professional artistic activities, etc. Uruguay Prevention and Control System of Money Laundering and Terrorism Financing (Act ), 2004 Authority: Unit of Financial Information and Analysis, (UFIA) Who it regulates: financial entities, transport of valuables, trusts, consultants, casinos, real estate, notaries, antiques, etc. Singapore Corruption, Drug Trafficking, and Other Serious Crimes Act, 1999 (CDSA) or Act 2007 & Terrorism Act, 2002 Authority: Suspicious Transaction Reporting Office (STRO) Who it regulates: financial entities, insurance, casinos, trusts, etc. 6
7 Compliance Officer In charge of Complying with external and internal regulation Managing risks Training Being visible! Reputational Risk is dynamic; therefore the importance of having in place effective controls Legal Regulatory Know your customer Know your employee Know your third party PEP 7
8 It is NOT a passing fad The impact 8
9 It does not help that there are Structural deficiencies in laws Illiteracy Lack of international cooperation Document forgery Incomplete and / or outdated databases Incomplete documentation Final thoughts The co$t of money laundering We ALL make the difference! Ignoring or not wanting to admit it, also contributes... therefore, LET S have the courage to change it. In case of questions and / or comments 9
10 Mónica Ramírez Chimal Socio Director Managing Director Av. Santa Fe No. 440, piso 5 Col. Lomas de Santa Fe C.P , México, D.F. Tel: (52.55)
MONEY LAUNDERING AND TERRORISM FINANCING IN THE CORPORATE SERVICE PROVIDERS SECTOR. Domestic Trends
MONEY LAUNDERING AND TERRORISM FINANCING IN THE CORPORATE SERVICE PROVIDERS SECTOR Domestic Trends 31 May 2016 AGENDA ML/TF Trends National Risk Assessment Findings Sector Vulnerabilities Shell companies
Anti-Money Laundering Compliance Issues
Anti-Money Laundering Compliance Issues 4th Annual Continuing Professional Development Event November 12, 2015 Presented by: Victoria Stuart Peter Moffatt 1 Introduction Compliance regime for reporting
Don t get blindsided by new regulations
June 2017 Don t get blindsided by new regulations What tranche two means for your business www.pwc.com.au Contents Introduction 1 Introduction The Anti-Money Laundering and Counter Terrorism Financing
Anti Money Laundering and Counter Terrorist Financing Program. Comment [AS1]: Add your company name here and your company logo below.
![Anti Money Laundering and Counter Terrorist Financing Program. Comment [AS1]: Add your company name here and your company logo below.](/thumbs/82/85808456.jpg "Anti Money Laundering and Counter Terrorist Financing Program. Comment [AS1]: Add your company name here and your company logo below.")
Anti Money Laundering and Counter Terrorist Financing Program Comment [AS1]: Add your company name here and your company logo below. Table of Contents Disclaimer... 4 Policy Statement... 5 AML And CTF
Anti - Money Laundering and Auditors Role AML Team 23 November 2011
Anti - Money Laundering and Auditors Role AML Team 23 November 2011 Session Objectives The objective of this session is to: Define Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) Briefly
SUMMARY Seychelles National Risk Assessment Report for Money Laundering & Terrorist Financing 2017
SUMMARY Seychelles National Risk Assessment Report for Money Laundering & Terrorist Financing 2017 Introduction The National Risk Assessment (NRA) is a process of identifying and evaluating the Money Laundering
STATEMENT OF ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) POLICIES AND PRINCIPLES
STATEMENT OF ANTI-MONEY LAUNDERING (AML) AND COMBATING THE FINANCING OF TERRORISM (CFT) POLICIES AND PRINCIPLES Scope AstroBank Limited (the Bank ) has established and implemented appropriate policies
ANTI-MONEY LAUNDERING TRAINING FOR AGENTS TRANSAMERICA LIFE & PROTECTION
ANTI-MONEY LAUNDERING TRAINING FOR AGENTS TRANSAMERICA LIFE & PROTECTION Division of the following Statutory Companies: TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY TRANSAMERICA LIFE INSURANCE COMPANY
Targeting Illicit Financial Flows
Targeting Illicit Financial Flows Overview What is meant by the term illicit financial flows Who can monitor financial flows How can it be monitored The importance of domestic coordination 2 Illicit financial
In developing this product AML Accelerate draws on unique and unparalleled knowledge and experience contained within the joint venture partners.
Improving New Zealand s ability to tackle ML/FT We would like to thank the New Zealand Ministry of Justice for the opportunity to provide input into this important consultation on how to improve New Zealand
THREE STAGES IN THE MONEY LAUNDERING CYCLE Give an example of the second stage of money laundering. MONEY LAUNDERING What is money laundering?
MONEY LAUNDERING What is money laundering? THREE STAGES IN THE MONEY LAUNDERING CYCLE Give an example of the second stage of money laundering. THREE STAGES IN THE MONEY LAUNDERING CYCLE Give an example
Phase 2 AML/CFT Reforms
Phase 2 AML/CFT Reforms Exposure draft amendment Bill Information Paper December 2016 About this paper The Government is finalising details of how to implement Phase 2 of the Anti-Money Laundering and
Money Laundering in the Trinidad & Tobago Securities Sector
Money Laundering in the Trinidad & Tobago Securities Sector J A N U A R Y 7, 2 0 1 5 M A R K E T S E S S I O N - A M L - C F T - T H E M O N E Y, T H E L A W A N D Y O U T R I N I D A D H I L T O N H O
BRAZIL BENEFICIAL OWNERSHIP TRANSPARENCY
BRAZIL BENEFICIAL OWNERSHIP TRANSPARENCY Brazil is only fully compliant with one of the G20 Principles (Principle 10). The country still lacks an adequate definition of beneficial ownership and mechanisms
Anti Money Laundering and Combating Financing of Terrorism
Anti Money Laundering and Combating Financing of Terrorism 1 Definitions Money laundering involves disguising financial assets so that they can be used without detection of the illegal activity that produced
CORRUPTION. A Reference Guide and Information Note. on the use of the FATF Recommendations. to support the fight against Corruption
FINANCIAL ACTION TASK FORCE CORRUPTION A Reference Guide and Information Note on the use of the FATF Recommendations to support the fight against Corruption The Financial Action Task Force (FATF) is the
NOTICE. Proposed Amendments to the Guidelines on the Prevention of Money Laundering & Countering the Financing of Terrorism
NOTICE Proposed Amendments to the Guidelines on the Prevention of Money Laundering & Countering the Financing of Terrorism The proposed key amendments to the Central Bank s Guidelines on the Prevention
Money Laundering and Terrorist Financing: Definitions and Explanations
Chapter I Money Laundering and Terrorist Financing: Definitions and Explanations A. What Is Money Laundering? B. What is Terrorist Financing? C. The Link Between Money Laundering and Terrorist Financing
Eva Rossidou Papakyriacou Senior Counsel of the Republic Head of the Unit for Combating Money Laundering (MOKAS)
Eva Rossidou Papakyriacou Senior Counsel of the Republic Head of the Unit for Combating Money Laundering (MOKAS) The process by which criminals conceal the true origin and ownership of the proceeds of
Trans-Fast Remittance LLC. AML Compliance Training for Agents
Trans-Fast Remittance LLC AML Compliance Training for Agents 2016 Trans-Fast expects all of its agents to adhere to the following: terms of agent agreement; establish AML Program as per Section 352 of
Reviewing Canada s Anti-Money Laundering and Anti-Terrorist Financing Regime Summary, Analysis and Discussion Points. Matt McGuire
Reviewing Canada s Anti-Money Laundering and Anti-Terrorist Financing Regime Summary, Analysis and Discussion Points Matt McGuire The Review 2 1. Reviewing Canada s Anti-Money Laundering and Anti-Terrorist
FIRST ROUND MUTUAL EVALUATIONS POST EVALUATION PROGRESS REPORT OF KENYA. Covering the period August 2017 July 2018
FIRST ROUND MUTUAL EVALUATIONS POST EVALUATION PROGRESS REPORT OF KENYA Covering the period August 2017 July 2018 ESAAMLG (2018), First Round Mutual Evaluation Post Evaluation Progress Report of Kenya
FINANCIAL SERVICES. Transposition of the Fourth AntiMoney Laundering Directive. by Damien Barnaville
FINANCIAL SERVICES Transposition of the Fourth AntiMoney Laundering Directive by Damien Barnaville Transposition of the Fourth AntiMoney Laundering Directive 21st February 2016 by Damien Barnaville Consultation
Consultation Paper: Improving New Zealand s ability to tackle money laundering and terrorist financing
Submission to the Ministry of Justice on the Consultation Paper: Improving New Zealand s ability to tackle money laundering and terrorist financing 16 September 2016 NEW ZEALAND BANKERS ASSOCIATION Level
Do You Know Your Customer? 2017 Asset Management & Operations Servicer Workshop
Do You Know Your Customer? 2017 Asset Management & Operations Servicer Workshop Presenters Mike Kenney Senior Director Governance & Business Services Linda Salley AML, OFAC & Fraud Director Governance
Improving New Zealand s ability to tackle money laundering and terrorist financing
Improving New Zealand s ability to tackle money laundering and terrorist financing Summary of submissions on Phase Two of the AML/CFT reforms Prepared for: Ministry of Justice December 7, 2016 1 Contents
Response to New Zealand s consultation paper on Phase Two of the AML/CFT Act
Date: 14 September 2016 Introduction Response to New Zealand s consultation paper on Phase Two of the AML/CFT Act Thomson Reuters welcomes the opportunity to respond to this consultation and thanks the
1. ANZ supports the proposals to extend the AML/CFT Act to include those additional business sectors set out in Part 3 of the consultation paper.
22 September 2016 Ministry of Justice National Office Justice Centre 19 Aitken Street Wellington By email: aml@justice.govt.nz To whom it may concern ANZ submission on the consultation paper: Improving
KUWAIT TURKISH PARTICIPATION BANK INC. SUMMARY OF ANTI MONEY LAUNDERING AND COMBATING FINANCE OF TERRORISM POLICY
KUWAIT TURKISH PARTICIPATION BANK INC. SUMMARY OF ANTI MONEY LAUNDERING AND COMBATING FINANCE OF TERRORISM POLICY This Document is the property of KTPB and under no circumstances to be disclosed to parties/individuals/correspondents.
The Practical Impact of the FATF Mutual Evaluation on the US AML Professional
The Practical Impact of the FATF Mutual Evaluation on the US AML Professional Monday, April 3 1:30 PM Moderator: Rick McDonell, Executive Director, ACAMS, and Former Executive Secretary, Financial Action
ANTI-MONEY LAUNDERING COUNTRY GUIDE: UNITED STATES OF AMERICA
Author: Nicholas M. O'Donnell, Attorney at Law, Partner, Sullivan & Worcester LLP, Boston Law as at: December 2017 Part 1 AML regime overview Aspect 1. What is the applicable AML legislation? Overview
PCM Brokers DMCC. Anti-Money Laundering Policy
PCM Brokers DMCC Anti-Money Laundering Policy This Policy represents the basic standards of Anti-Money Laundering and Combating Terrorism Financing (hereinafter collectively referred to as AML) procedures
WIND OF CHANGE: Risk Assessment. Anti-Money Laundering, Countering Terrorism Financing, Application of International Sanctions
WIND OF CHANGE: Risk Assessment Anti-Money Laundering, Countering Terrorism Financing, Application of International Sanctions The 4th EU Anti-Money Laundering Directive encompasses significant changes
PRACTICE CIRCULAR ON THE PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM 08-13
PRACTICE CIRCULAR ON THE PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM 08-13 DATE OF ISSUE: 22 NOVEMBER 2013 Practice Circular on the Prevention of Money Laundering and Countering
PRACTICE CIRCULAR ON THE PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM
PRACTICE CIRCULAR ON THE PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM 04-15 DATE OF ISSUE: S/N Version History Date Issued 1 1 22 November 2013 17 SEPTEMBER 2015 2 2 4 February
FATF MUTUAL EVALUATION OF CANADA S ANTI-MONEY LAUNDERING MEASURES
ANTI-TERRORISM AND CHARITY LAW ALERT NO. 34 FEBRUARY 26, 2014 EDITOR: TERRANCE S. CARTER FATF MUTUAL EVALUATION OF CANADA S ANTI-MONEY LAUNDERING MEASURES By Nancy E. Claridge and Terrance S. Carter *
Regulatory Impact Statement: Second phase of reforms to the Anti-Money Laundering and Countering Financing of Terrorism regime
Regulatory Impact Statement: Second phase of reforms to the Anti-Money Laundering and Countering Financing of Terrorism regime Agency Disclosure Statement 1. This Regulatory Impact Statement (RIS) has
COMMISSION STAFF WORKING DOCUMENT Accompanying the document. Report from the Commission to the European Parliament and the Council
EUROPEAN COMMISSION Brussels, 26.6.2017 SWD(2017) 241 final PART 1/2 COMMISSION STAFF WORKING DOCUMENT Accompanying the document Report from the Commission to the European Parliament and the Council on
Practical Implementation of UN Standards and Financial Action Task Force on Money Laundering (FATF) Recommendations: Challenges and Assistance
2007/ACT/WKSP/005 Practical Implementation of UN Standards and Financial Action Task Force on Money Laundering (FATF) Recommendations: Challenges and Assistance Submitted by: United Nations Office on Drugs
185 Money Laundering (Prevention) (Guidance Notes) (Amendment) Regulations SAINT LUCIA. STATUTORY INSTRUMENT, 2012, No. 82
185 SAINT LUCIA STATUTORY INSTRUMENT, 2012, No. 82 [ 10th August, 2012 ] In exercise of the power conferred under section 43 of the Money Laundering (Prevention) Act, No. 8 of 2010, the Attorney General
ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING PROCEDURE MANUAL. Fcorp Services Ltd
ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING PROCEDURE MANUAL Fcorp Services Ltd The manual is property of Fcorp LTD The reproduction in whole or in part in any way including the reproduction
Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy and Procedures
Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy and Procedures It is the policy of HOQU LLP (the Company ) to prohibit and prevent money laundering and any activity that facilitates money
ABCsolutions Inc. CREA - Introduction
CREA - Introduction The AMLTF course is designed to assist CREA members to comply in part with the training component under Canada s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA)
ANTI-MONEY LAUNDERING POLICY AND GUIDELINES
ANTI-MONEY LAUNDERING POLICY AND GUIDELINES Good Governance Department Sustainability, Good Governance and Corporate Communications Office Charoen Pokphand Group Page 1 of 8 Contents 1. Intent of Policy
Circular to SFC s Registered Intermediaries. Financial Action Task Force on Money Laundering Non-cooperative Countries and Territories
Circular to SFC s Registered Intermediaries Financial Action Task Force on Money Laundering Non-cooperative Countries and Territories We wrote to you on 31 July 2001 about the work of the Financial Action
A PRESENTATION AT THE 4 TH ANNUAL INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA (ICPAK) FINANCIAL CONFERNCE HILTON HOTEL, NAIROBI
A PRESENTATION AT THE 4 TH ANNUAL INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA (ICPAK) FINANCIAL CONFERNCE HILTON HOTEL, NAIROBI BY CNTRAL BANK OF KENYA o Introduction? o Vulnerability of Accountants
Security Council. United Nations S/2006/149
United Nations Security Council Distr.: General 10 March 2006 Original: English Letter dated 10 March 2006 from the Chairman of the Security Council Committee established pursuant to resolution 1373 (2001)
Anti Money Laundering Policy
Anti Money Laundering Policy I. Definition of Money Laundering Money laundering is the process by which large amounts of illegally obtained money (from drug trafficking, terrorist activity or other serious
ANTI-MONEY LAUNDERING TRAINING! MONEY LAUNDERING
ANTI-MONEY LAUNDERING TRAINING! In response to the September 11th terrorist attacks, Congress passed the U.S. Patriot Act (Patriot Act). This Act broadens the power of the United States government in its
Financial Intelligence Service. Bailiwick of Guernsey
Financial Intelligence Service Bailiwick of Guernsey Annual Report 2008 Contents Message from the Senior Officer 1. Introduction 2. Terrorism Financing 3. Money Laundering Reports 4. International assistance
Agency Information Collection Activities; Submission for OMB Review; Comment. AGENCY: Departmental Offices, U.S. Department of the Treasury.
This document is scheduled to be published in the Federal Register on 11/29/2018 and available online at https://federalregister.gov/d/2018-25947, and on govinfo.gov 4810-02-P DEPARTMENT OF THE TREASURY
NEW ZEALAND FINANCIAL INTELLIGENCE UNIT NATIONAL MONEY LAUNDERING AND TERRORISM FINANCING RISK ASSESSMENT
NEW ZEALAND FINANCIAL INTELLIGENCE UNIT NATIONAL MONEY LAUNDERING AND TERRORISM FINANCING RISK ASSESSMENT 2018 FINANCIAL INTELLIGENCE UNIT NEW ZEALAND POLICE PO BOX 3017 WELLINGTON 6140 FIU@POLICE.GOVT.NZ
Knowing your customer
Knowing your customer IN A GLOBAL WORLD The basics of Australia s AML/CTF regime For accountants, conveyancers, lawyers, real estate agents and other business professionals. An increasing threat Anti-Money
Anti-Money Laundering Awareness Training Insurance Industry-Hong Kong
Anti-Money Laundering Awareness Training Overview This program is intended to give individuals working in the Hong Kong Insurance Industry a basic knowledge of money laundering and terrorism financing,
Content. 1. Introduction of AML/CFT Legislation
ANNUAL REPORT On 2008 Activities of the Financial Monitoring Center of the Republic of Armenia Central Bank in the Field of Combating Money Laundering and Terrorism Financing Yerevan, 2009 Content This
Overview. FINTRAC at a glance
FINTRAC at a glance Overview Shedding light on money laundering and terrorist activity financing Our role in the fight against ML and TF Join the fight! FINTRAC at a glance Canada s Financial Intelligence
AML/CFT TRAINING FOR ACCOUNTANTS AND AUDITORS
AML/CFT TRAINING FOR ACCOUNTANTS AND AUDITORS 1 16 MARCH 2016 BANK USE PROMOTION & SUPPRESSION OF MONEY LAUNDERING UNIT 2 3 What is Money Laundering? the process of concealing illicit gains from criminal
RISK MANAGEMENT AND PROCEDURES MANUAL FOR THE PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING JUST2TRADE ONLINE LTD 31 ST DECEMBER 2017
RISK MANAGEMENT AND PROCEDURES MANUAL FOR THE PREVENTION OF MONEY LAUNDERING AND TERRORIST FINANCING JUST2TRADE ONLINE LTD 31 ST DECEMBER 2017 CONTENTS 1. Introduction... 4 1.1 Definition of Money Laundering...
AML / KYC Questionnaire
I. General information about the Institution Full Legal Institution Name Trading name(s) used (if different from the above): Full address of the registered office AML / KYC Questionnaire Website address:
Anti-Money Laundering Act And Properties located in the USA: Tax, Exchange and Succession Aspects in Brazil. Roberto Justo Samir Choaib
And Properties located in the USA: Tax, Exchange and Succession Aspects in Brazil. Roberto Justo Samir Choaib October 2012 1 Previous Regulations Applied to proceeds of specific crimes: I. Illegal traffic
UPDATE ON CANADA S 2008 ANTI-MONEY LAUNDERING REQUIREMENTS FOR CAs
UPDATE ON CANADA S 2008 ANTI-MONEY LAUNDERING REQUIREMENTS FOR CAs Chartered accountants and accounting firms are not on the front line in the war against money laundering and terrorist financing! But,
Anti-money laundering Annual report 2017/18
Anti-money laundering Annual report 2017/18 Anti-money laundering Contents 1 Introduction 4 2 Policy developments 5 3 OPBAS 7 4 How our AML supervision is evolving 8 5 Findings and outcomes 9 6 Financial
AML & ATF Policy and Procedures for Deposit Agents of Peoples Trust Company
PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT AND REGULATIONS In order to comply with the Office of the Superintendent of Financial Institutions (OFSI) and the Financial Transactions
CONSULTATION PAPER NO JUNE 2016 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING, COUNTER- TERRORIST FINANCING AND SANCTIONS MODULE
CONSULTATION PAPER NO. 107 20 JUNE 2016 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING, COUNTER- TERRORIST FINANCING AND SANCTIONS MODULE CONSULTATION PAPER NO. 107 PROPOSED CHANGES TO THE ANTI MONEY LAUNDERING,
Contracting Checklist for National Guardian Life
Contracting Checklist for National Guardian Life Please submit the following information and documents to SMiG when licensing withngl: Completed and Signed NGL Contracting Agreement Completed and Signed
WCO Action Plan to Counter Customs-based Money Laundering and Terrorism Financing
WCO Action Plan to Counter Customs-based Money Laundering and Terrorism Financing World Customs Organization David Kane Technical Attaché WCO david.kane@wcoomd.org Capacity Building and Operational Efforts
CAIXABANK AML/ CFT & SANCTIONS QUESTIONNAIRE. Knowing Your Customer (KYC) Anti-Money Laundering Prevention of Terrorist Financing and Sanctions
CAIXABANK AML/ CFT & SANCTIONS QUESTIONNAIRE Knowing Your Customer (KYC) Anti-Money Laundering Prevention of Terrorist Financing and Sanctions Full Legal Institution Name General information about the
Financial Flows linked to the illicit production and trafficking of Afghan opiates
Financial Flows linked to the illicit production and trafficking of Afghan opiates Item I Update on current national and regional situations and trends in illicit financial flows A summary of challenges
ANTI-MONEY LAUNDERING POLICY
ANTI-MONEY LAUNDERING POLICY This Policy represents the basic standards of Anti-Money Laundering and Combating Terrorism Financing (hereinafter collectively referred to as AML) procedures of RBFXPRO Limited,
FATF~GAFI. Financial Action Task Force on Money Laundering Groupe d'action financière sur le b,anchiment de capitaux
FATF~GAFI Financial Action Task Force on Money Laundering Groupe d'action financière sur le b,anchiment de capitaux Presentation by Mr. Patrick Moulette Executive Secretary of the FA TF ABCA Symposium
Correspondent Banking and De- Risking. Hans-Peter Bauer Stockholm October 5 th 2017
Correspondent Banking and De- Risking Hans-Peter Bauer Stockholm October 5 th 2017 De-Risking and Correspondent Banking Taking and transferring risk is the core of banking Banks have increased and decreased
HUTTONS ASIA PTE LTD ANTI-MONEY LAUNDERING AND COUNTERING TERRORISM FINANCING CODE
The Agency of Choice HUTTONS ASIA PTE LTD ANTI-MONEY LAUNDERING AND COUNTERING TERRORISM FINANCING CODE VERSION 2.0 (JULY 2015) All rights reserved. For internal use by Huttons Asia Pte Ltd only. Page
Strict implementation of laws, improving vigilance and enhancing due diligence
Session I: Better communication and understanding of CFT challenges Strict implementation of laws, improving vigilance and enhancing due diligence European Union Middle East and North Africa Private Sector
Austria. Follow-up report. Anti-money laundering and counter-terrorist financing measures
Anti-money laundering and counter-terrorist financing measures Austria 1st Enhanced Follow-up Report & Technical Compliance Re-Rating Follow-up report December 2017 The Financial Action Task Force (FATF)
Anti-Money Laundering and Counter Terrorism
1 Anti-Money Laundering and Counter Terrorism 1. INTRODUCTION SimpleFX Ltd. ( The Company ) aims to prevent, detect and not knowingly facilitate money laundering and terrorism financing activities. The
Anti-Money Laundering & Financial Crimes Conference April 18th 20th, 2018
Anti-Money Laundering & Financial Crimes Conference 2018 April 18th 20th, 2018 Know Your Customer's Customer (KYCC) The next level of due diligence obligations Introduction 1. FATF Standards, CDD and KYC
National Bank of Angola. Implementation guide for a money laundering and terrorism financing prevention program
National Bank of Angola Implementation guide for a money laundering and terrorism financing prevention program Document intended for financial institutions under the supervision of the National Bank of
Anti-Money-laundering and Countering the Financing of Terrorism
Anti-Money-laundering and Countering the Financing of Terrorism A Partnership for National Unity Georgetown March 2014 1 A Partnership for National Unity 61 Hadfield Street, Werk-en-Rust Georgetown Co-operative
Developments in Anti-Money Laundering Regulation for Investment Advisers and Funding Portals. May 2016
Developments in Anti-Money Laundering Regulation for Investment Advisers and Funding Portals May 2016 John L. Sullivan Washington, D.C. jlsullivan@wsgr.com Michael Chiswick-Patterson Washington, D.C. mchiswickpatterson@wsgr.com
MONEY LAUNDERING - The EU and Malta
MONEY LAUNDERING - The EU and Malta Author: George Farrugia α Background The new Prevention of Money Laundering Regulations 2003, which have just been published in August, implement the second European
CRS-2 develop and promote policies to combat money laundering and terrorist financing. 3 Recently, China and South Korea were granted observer status,
Order Code RS21904 Updated January 30, 2008 Summary The Financial Action Task Force: An Overview James K. Jackson Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division
DEVELOPMENT BANK OF IRAN (EDBI)
EXPORT DEVELOPMENT BANK OF IRAN (EDBI) Anti-Money Laundering and Combating Financing of Terrorism Policies Target audience: Employees and Management of EDBI Approved by: EDBI s Board of Directors, at 2018/05/21
Highlights New AML/CFT Legislation. George Croes Senior Policy Advisor Integrity and
Highlights New AML/CFT Legislation George Croes Senior Policy Advisor Integrity and International ti laffairs 1 Contents presentation I. FATF - General II. III. IV. 40 + 9 FATF Recommendations Third FATF
Recent Developments on AML/CFT Rules and Enforcement Actions. Oliver Muñoz Esquivel Legal Advisor (CNV)
Recent Developments on AML/CFT Rules and Enforcement Actions. Oliver Muñoz Esquivel Legal Advisor (CNV) Disclaimer This speech expresses the author's views and does not necessarily reflect those of the
Presentation Notes Derek Ramm, Officer FINTRAC. April 20, 2010
Presentation Notes Derek Ramm, Officer FINTRAC April 20, 2010 About FINTRAC FINTRAC is a regulator False. We are considered a Financial Intelligence Unit, with a primary mandate to assist in the detection
Improving New Zealand s ability to tackle money laundering and terrorist financing
Improving New Zealand s ability to tackle money laundering and terrorist financing Ministry of Justice consultation paper on Phase Two of the AML/CFT Act August 2016 Contents Contents... 2 Glossary...
The Current State of Singapore s Anti-Money Laundering Laws: A Critical Re-evaluation
NUS Practice Law Seminar The Current State of Singapore s Anti-Money Laundering Laws: A Critical Re-evaluation 1 August 2018 Eric Chan Disclaimer: This information is provided for general information purposes
Financial Action Task Force Groupe d'action financière
Financial Action Task Force Groupe d'action financière THIRD MUTUAL EVALUATION ON ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM SINGAPORE EXECUTIVE SUMMARY 29 FEBRUARY 2008 All rights
Executive Summary EXECUTIVE SUMMARY. Key Findings. Preface
Executive Summary Preface EXECUTIVE SUMMARY 1. This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Singapore as at the date
ANTI-MONEY LAUNDERING IN
ANTI-MONEY LAUNDERING IN THE ACQUIRING INDUSTRY Presented by Laura H. Goldzung, CAMS, CCFE, CFCF, CCRP AML Audit Services, LLC March 8, 2016 AGENDA AML Regulatory Overview OFAC Regulatory Overview AML
International Monetary Fund Washington, D.C.
2004 International Monetary Fund April 2004 IMF Country Report No. 04/119 South Africa: Report on the Observance of Standards and Codes FATF Recommendations for Anti-Money Laundering and Combating the
Study Guide. for the. Fourth Edition. Examination. Certification
Study Guide for the Certification Examination Fourth Edition ACAMS.org ACAMS.org/español Study Guide for the Certification Examination Fourth Edition Study Guide for the Certification Examination Fourth
CONTINENTAL REINSURANCE ( C Re ) ANTI-MONEY LAUDERING/COUNTERING THE FINANCING OF TERRORISM (AML/CFT) POLICY
CONTINENTAL REINSURANCE ( C Re ) ANTI-MONEY LAUDERING/COUNTERING THE FINANCING OF TERRORISM (AML/CFT) POLICY (Approved by the Board of Directors on March 5, 2014) 1 1. Introduction The C Re group is cognizant
BANCO NACIONAL ULTRAMARINO, S.A. Anti-Money Laundering and Combating the Financing of Terrorism Disclosure Statement
BANCO NACIONAL ULTRAMARINO, S.A. Anti-Money Laundering and Combating the Financing of Terrorism Disclosure Statement 1. Institutional Information Name: Banco Nacional Ultramarino, S.A. (BNU) Head Office
FIU G3: Anti-Money Laundering and Combating the Financing of Terrorism Guideline for Insurance Companies 2014
FIU G3: Anti-Money Laundering and Combating the Financing of Terrorism Guideline for Insurance Companies 2014 FIU G3-Guidelines on AML/CFT for Insurance Companies Page 1 1. INTRODUCTION 1.1) This guideline
Money Laundering, Terrorist Financing, Economic Sanctions and Tax Evasion Why It Pays To Comply. Amber D. Scott, MBA, CIPP/C, CAMS May 27, 2013
Money Laundering, Terrorist Financing, Economic Sanctions and Tax Evasion Why It Pays To Comply Amber D. Scott, MBA, CIPP/C, CAMS May 27, 2013 Why AML? The global context: Canada s history as a money laundering
GUIDELINES TO MAS NOTICE 314 ON PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM
GUIDELINES TO MAS NOTICE 314 ON PREVENTION OF MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM Introduction 1. These Guidelines are issued to provide guidance to the life insurers on some of
A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...
To kindle interest in economic affairs... To empower the student community... Y en s Op cces A A monthly publication from South Indian Bank www.sib.co.in ho2099@sib.co.in South Indian Bank has launched
PNG s Anti-Money Laundering & Counter Terrorist Financing Framework
PNG s Anti-Money Laundering & Counter Terrorist Financing Framework Wilson Onea Deputy Director Financial Analysis and Supervision Unit (FASU) PNG s Financial Intelligence Unit (FIU) Presentation Outline
ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT) POLICY AND PROCESS: G - 02
ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML/CFT) POLICY AND PROCESS: G - 02 GLOSSARY OF TERMS USED IN THE POLICY...4 1. INTRODUCTION...5 2. DMCC S COMMITMENT...5 3. POLICY CUSTODIAN...6