Presentation to Ukraine Commodity Market Development Conference
The author of the presentation: Kevin Piccoli, Commodity Futures Trading Commission (US)
Presentation to Ukraine Commodity Market Development Conference
The author of the presentation: Kevin Piccoli, Commodity Futures Trading Commission (US)
AML and KYC Compliance: Why is it so CrucialFinarm
Security is the key point of every business. Organizations employ all the best practices, preventing a data breach and financial fraud. These include KYC and AML.
Learn more about these services from our presentation!
Risk Based Approach to Anti Money Laundering and Counter Terrorist Financing IIR Middle East
Join our Risk Based Approach to Anti Money Laundering and Counter Terrorist Financing in the finance capital Geneva...contact me directly to book a place at howard.fernandes@iirme.com
AML is pushing businesses to strategically calibrate their internal fraud detection systems between improving customers experience and increasing inconveniences.
Companies need to increase their understanding of the emerging payment technologies to better adapt their business to it.
Cryptocurrency trend is putting regulators and financial institutions under pressure.
Blockchain technology can increase transparency in financial transaction by the mean of a public distributed ledger.
The Association of Certified Fraud Examiners (ACFE) described forensic accounting as “the application of accounting skills to provide quantitative financial information about matters before the courts.”
E-book: How to manage Anti-Money Laundering and Counter Financing of Terroris...Jitske de Bruijne
Financial Institutions continue to face heightened fines and regulatory scrutiny over their AML/CFT Programs. This e-book helps you to manage AML/CFT Programs.
StubbsGazette Anti Money Laundering E BookJames Treacy
A comprehensive guide to Anti Money Laundering/Countering the Financing of Terrorism in the Irish Credit Union Sector (also highly relevant to other regulated sectors)
AML and KYC Compliance: Why is it so CrucialFinarm
Security is the key point of every business. Organizations employ all the best practices, preventing a data breach and financial fraud. These include KYC and AML.
Learn more about these services from our presentation!
Risk Based Approach to Anti Money Laundering and Counter Terrorist Financing IIR Middle East
Join our Risk Based Approach to Anti Money Laundering and Counter Terrorist Financing in the finance capital Geneva...contact me directly to book a place at howard.fernandes@iirme.com
AML is pushing businesses to strategically calibrate their internal fraud detection systems between improving customers experience and increasing inconveniences.
Companies need to increase their understanding of the emerging payment technologies to better adapt their business to it.
Cryptocurrency trend is putting regulators and financial institutions under pressure.
Blockchain technology can increase transparency in financial transaction by the mean of a public distributed ledger.
The Association of Certified Fraud Examiners (ACFE) described forensic accounting as “the application of accounting skills to provide quantitative financial information about matters before the courts.”
E-book: How to manage Anti-Money Laundering and Counter Financing of Terroris...Jitske de Bruijne
Financial Institutions continue to face heightened fines and regulatory scrutiny over their AML/CFT Programs. This e-book helps you to manage AML/CFT Programs.
StubbsGazette Anti Money Laundering E BookJames Treacy
A comprehensive guide to Anti Money Laundering/Countering the Financing of Terrorism in the Irish Credit Union Sector (also highly relevant to other regulated sectors)
StubbsGazette AML/CFT EBook for Credit UnionsStubbsGazette
A comprehensive guide to Anti Money Laundering/Countering the Financing of Terrorism in the Irish Credit Union Sector (also highly relevant to other regulated sectors)
Money Laundering in the Art, Collectibles, and Luxury Goods IndustryBrandonRuse1
Money laundering and fraud cases in the rare art and luxury goods industry are increasing as the gap between resources and budgets is being widened by COVID-19.
CDD Vs EDD: How Crucial is Customer Due Diligence for Banks in the UK?KYC UK
Customer due diligence is important for UK banks to assess and mitigate risks associated with their customers. Thorough verification of customer identities is involved in banks in the UK, understanding their financial activities, and assessing the potential risk they pose to the bank. Banks can ensure compliance with regulatory requirements by conducting CDD and prevent financial crimes such as terrorist financing and money laundering. https://www.kycuk.com/blog/customer-due-diligence-for-banks-in-the-uk/
Even after the long permitting process Altos Escondidos SA has been following all international Banking laws in KYC ( Know your Client ). Altos Escondidos SA has declined several JV partner and funding offers from Far- East and Latin America as Altos Escondidos SA has a very tight policy on "proof of funds" and " Source of funds " in compliance with ALL International Banking laws.
A42 banks race to defend from further reputational damageFreddie McMahon
The next wave of billion dollar fines is underway
as authorities are coming to the banks, already
armed with evidence of KYC, AML and CFT
systemic failings due to the way international
money transfers flow through correspondent
banks. This growing evidence shows how
money launderers’ businesses are successfully
laundering over a trillion dollars a year by
circumventing the controls of banks across the
world.
Understanding Anti-Money Laundering_ A Comprehensive Guide.pdftewhimanshu23
Explore the essential aspects of Anti-Money Laundering (AML) with our comprehensive guide. Learn key practices, regulations, and strategies. For more Information Read this article
The procedures employed by financial organizations to gather and assess pertinent data about a customer or potential customer are known as customer due diligence.
OFAC Name Matching and False-Positive Reduction TechniquesCognizant
Exploration of Office of Foreign Asset Control (OFAC) compliance and strategies to avoid false positives (and negatives), covering watch lists such as specially designated nationals (SDN), customer due diligence,data mining, probabilistic techniques and anti-money-laundering (AML) software.
Governments across the globe have been taking measures to increase the scrutiny of AML/CFT processes and controls, to fight Financial crimes. Individuals and firms are required to comply with minimum standards; failure to keep up with the changing requirements can lead to penalties and legal consequences.
An In-depth Look at the Financial Action Task Force (FATF) Forty Recommendations:
Recommendation 7 - Targeted Financial Sanctions Related to Proliferation
An In-depth Look at the Financial Action Task Force (FATF) Forty Recommendations -
Recommendation 6 - Targeted financial sanctions related to terrorism and terrorist financing
An In-depth Look at the Financial Action Task Force (FATF) Forty Recommendations -
Recommendation One - Assessing Risk and Applying a Risk-Based Approach
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
How libraries can support authors with open access requirements for UKRI fund...
Article 12
1. 1
ANTI-MONEY LAUNDERING/COUNTER FINANCING OF TERRORISM /COUNTER
PROLIFERATION FINANCING IN FOCUS
Part Twelve:
An In-depth Look at the Financial Action Task Force (FATF) Forty Recommendations-
Recommendation 10- Customer Due Diligence
By: The Attorney General’s Chambers
and the National Anti-Money Laundering Oversight Committee (NAMLOC)
The topic of customer due diligence is extensively covered in Recommendation 10 and its Interpretive
Notes. Within Saint Lucia customer due diligence should not only be conducted by financial institutions
but also persons engaged in other business activities such as attorneys, accountants, car dealers etc. Due
to the extensive nature of this recommendation, this article will cover the main points.
Customer due diligence is the gathering of “facts about a customer that should enable an organization
to assess the extent to which the customer exposes it to a range of risks. These risks include money
laundering and terrorist financing”.
The CDD measures that a financial institution or persons engaged in other business undertake should
seek to include, identifying and verifying the customer’s identity using independent sources of
information. It should also include, understanding the purpose and intended nature of the business
relationship, identifying the beneficial owner and understanding the ownership and control structure of
the customer. Additionally, throughout the life of the business relationship, there should be ongoing
scrutiny of transactions to ensure that they are in keeping with the institution’s knowledge of its
customer.
Customer due diligence should be carried out using a risk based approach, meaning where the financial
institution detects higher risks of money laundering and terrorist financing, enhanced customer due
diligence measures need to applied. High risk situations include businesses that are cash intensive.
Simplified customer due diligence measures are applied where the risks are deemed to be lower. Lower
risk situations include companies that are listed on the stock exchange and subject to disclosure
requirements. The discretion is however left up to the institution.
Further, a country should have customer due diligence enshrined either in law or through other
enforceable means. The Money Laundering (Prevention) Act, Cap. 12.20 of the Revised Laws of Saint
Lucia covers customer due diligence. Section 17 gives very clear guidelines. Section 17(1) states “A
financial institution or a person engaged in other business activity shall undertake customer due
diligence measures when there is doubt about the veracity or adequacy of previously obtained customer
identification data including identifying and verifying the identity of customers , when—(a)establishing
business relations; (b) carrying out occasional transactions above $25,000 or that are wire transfers; (c)
on funds transfers and related messages that are sent; (d) when funds are transferred and do not contain
complete originator information; (e) there is a suspicion of money laundering or terrorist financing”.
2. 2
In some instances one may be asked to fill out a source of funds form, when entering into a transaction
as stated in section 21 of the Money Laundering (Prevention) Act, Cap. 12.20. Making a false declaration
is an offence.
Information on this and the other recommendations can be obtained from the CFATF’s website at
https://www.cfatf-gafic.org.