FPM AML-Check

Panama continues to seek ways out from under FATF eagle eye

Panama continues to seek ways out from under FATF eagle eye Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.

FATF condition: International air passengers must declare currency

FATF condition: Int’l air passengers must declare currency | The Express Tribune The notification comes as an FATF team is expected to arrive in Pakistan next month for ‘on-site’ visit

For firms trying to protect against money laundering and terrorist financing (ML/TF), understanding customers is critical, and EDD is an in-depth know your customer (KYC) process that can help.

https://complyadvantage.com/insights/enhanced-due-diligence/

What is Enhanced Due Diligence? What Is Enhanced Due Diligence? This article explores when EDD should be used and common measures used by compliance teams to enforce it.

IRDAI may tighten anti-money laundering framework in the context of insurance

https://www.google.com/amp/s/www.indiainfoline.com/article-amp/news-business/irdai-may-tighten-anti-money-laundering-framework-in-the-context-of-insurance-122080200374_1.html

Anti-Money Laundering Market Size to Hit $6014.7 Million by 2028

https://www.globenewswire.com/news-release/2022/08/01/2489716/0/en/Anti-Money-Laundering-Market-Size-to-Hit-6014-7-Million-by-2028-Global-Anti-Money-Laundering-Industry-to-Record-a-15-7-CAGR-2022-2028.html

Anti-Money Laundering Market Size to Hit $6014.7 Million by 2028 | Global Anti-Money Laundering Industry to Record a 15.7% CAGR (2022-2028) [211+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Anti-Money Laundering Market size &...

UAE issues anti-money laundering guide for ‘politically exposed persons’

https://www.arabianbusiness.com/industries/banking-finance/uae-issues-anti-money-laundering-guide-for-politically-exposed-persons

UAE issues anti-money laundering guide for 'politically exposed persons' - Arabian Business Licensed financial institutions (LFIs) offering services to politically exposed persons (PEPs) have been asked to develop "risk-based policies" UAE issues anti-money laundering guide for 'politically exposed persons' anti-money laundering, anti-money laundering (AML), Anti-money laundering laws, Cen...

The IMF stresses that AML controls, when effectively implemented, mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets.

Why Is Anti-Money Laundering Important? - Veriphy money laundering and terrorism financing are financial crimes with economic and societal effects. It is important to understand the micro and macro impact of money laundering and how to use aml controls and procedures to protect your business and industry from corruption.

A high-level United Nations panel has estimated annual money laundering flows at $1.6 trillion, accounting for 2.7% of global GDP in 2020.

Anti Money Laundering (AML) Anti-money laundering (AML) refers to laws and regulations intended to stop criminals from disguising illegally obtained funds as legitimate income.