Threats of financial crimes and their far-reaching consequences continue to escalate with the complexity and fluidity of criminal and terrorist activities. International recognition of the risks to businesses, financial stability of economies and international free flow of capital has grown in recent decades. This has shaped regulations to counter the threats of illicit money laundering and terrorist financing activities. Countries across the world have implemented anti money laundering (AML) and counterterrorism financing (CTF) guidelines, taking into account the threat perceptions in their jurisdictions.
- How money laundering works
- Where does money laundering occur?
- How does money laundering affect businesses?
- The need for anti-money laundering (AML) and counter terrorism financing (CTF) regulations
- Anti-money laundering requirements – a global overview
- The challenges surrounding AML compliance
- Best practices of AML identification
- Elements of an AML compliant system
- Regulatory compliance becomes the responsibility of businesses
- Selecting an AML solution that best suits your business
- Finding the right AML software – factors to consider