Updates on the Risk-Based Approach

Updates on the Risk-Based Approach

The Risk Based Approached (RBA) is not by any means a new concept though it is fast becoming an increasingly undeniable way for companies to achieve effective AML/ CFT compliance as they grapple with the rising cost of compliance and higher regulatory scrutiny. The...
CUSTOMER DUE DILIGENCE IN 7 STEPS

CUSTOMER DUE DILIGENCE IN 7 STEPS

At its most basic level, Customer Due Diligence involves collecting pertinent information and verifying potential customers’ identity and the activities in which they are involved to a sufficient level of confidence that they do not pose any money laundering and...
MLRO: Role, Qualifications and Skills

MLRO: Role, Qualifications and Skills

The Money Laundering Reporting Officer (MLRO) is charged with leading the compliance department to help to manage compliance risk. The latter has the duty to help the senior management of the firm to ensure that the company is complying with the rules and principles...