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The Financial Action Task Force (FATF) is a global leader in shaping policies against money laundering, terrorist financing, and the proliferation of financing (AML/CFT and CPF). As an authoritative body, FATF’s primary goal is to promote worldwide adoption of AML principles, monitor the implementation of its recommendations, and review trends in money laundering (ML), terrorist

In navigating the complexities of  AML compliance(Anti-Money Laundering) is crucial for businesses, particularly in the context of Know Your Customer (KYC) measures. KYC identifies customers, but there’s another critical aspect – Know Your Transaction (KYT). KYT is a risk mitigation measure that delves into transaction details to assess the risk associated with financial transactions. In

Anti-Money Laundering (AML) regulations are crucial for protecting the financial system from financial crimes. A key part of AML compliance is the customer risk assessment (CRA) methodology. This process helps financial institutions identify and manage the risks associated with their clients. Having a strong CRA strategy is not only necessary for meeting regulations but also

Sanction screening is a crucial part of Anti-Money Laundering (AML) strategies. It plays a key role in safeguarding financial systems from illegal activities. As regulations tighten and financial crime grows more complex, it becomes increasingly important to understand the details of sanction screening. This guide provides a thorough overview of sanction screening, detailing its significance,