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...
Dark web and Money laundering

Dark web and Money laundering

While the average person interacts with the internet using the ‘surface Web’, commonly defined to include webpages that are indexed by normal search engines, there is another larger part of the internet which is known as the Dark web. The Dark Web refers to websites...
Introduction to the RISK-BASED APPROACH

Introduction to the RISK-BASED APPROACH

In 2007, the Financial Action Task Force (FATF) has introduced a guidance called “Risk-Based Approach to Combating Money Laundering and Terrorist Financing” which outlined the importance of implementing the risk-based approach in all financial institutions and...