SMSF Adviser

SMSFA raises concerns on how new AML laws will work in practice

The association made a joint submission with the Financial Advice Association Australia to the Department of Home Affairs’ ...
JD Supra

Updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing and Proliferation Financing in the Cayman Islands

Following industry consultation, on 30 August 2023 the Cayman Islands Monetary Authority ("CIMA") issued updated Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing ...
ifa

AML/CTF due diligence transition could create ‘unreasonable regulatory burden’

In a joint submission to the Department of Home Affairs’ consultation on the draft Anti-Money Laundering and ...
Finextra

Revolutionizing Financial Crime Customer Risk Assessments

Maintaining a comprehensive view of financial crime risk of your customers is an essential task but not a simple one. Current models rely on static data collected at account opening or event-driven ...
Finextra

The Evolution of KYC Screening into Integrity Screening: Beyond Financial Risks

Know Your Customer (KYC) processes have traditionally been the backbone of financial institutions’ efforts to prevent money laundering, terrorist financing, and other financial crimes. Historically, ...