Knowledge & Training

← Back to Part One Part 2: Suspicion Knowledge is power… or so the saying goes. But how do you know what information helps you, and what is simply a distraction? Watch the video below, then proceed to open your […]

AML Challenge: The Curious Case of Mr. Y As a compliance officer operating in a highly complex financial crime environment, sometimes what ‘suspicious’ looks like isn’t always obvious. In this challenge, you’ll be presented with a set of information about […]

Part 1: Information As a compliance officer operating in a highly complex financial crime environment, sometimes what ‘suspicious’ looks like isn’t always obvious. And in your first week, you’re about to experience this first-hand… Watch the video below to get […]

Australia has one of the largest economies in the Asia Pacific, and hosts thousands of international businesses, including a diverse community of FinTech service providers. From 2017 to 2021, the number of Australian FinTechs doubled to around 800, contributing to […]

The Know Your Customer (KYC) process is an integral part of anti-money laundering (AML) regulation around the world, helping banks and financial service providers understand their customers’ financial behaviors and report criminal activity quickly. Accordingly, firms must ‘know their customer’ […]

A customer risk assessment is a necessity when onboarding new customers. It ensures that high-risk individuals are identified, and appropriate anti-money laundering (AML) measures are put in place. But what elements should firms consider as part of an AML customer […]

Anti-money laundering (AML) red flags are changing. What should compliance teams be looking for, and how do these risks vary by industry? 

Being aware of the conditions that increase the likelihood of a customer’s involvement in money laundering (ML) or terrorist financing (TF) is a responsibility that financial institutions cannot take lightly. The absence or inadequacy of robust ML/TF risk management programs […]

Over the last few years, the financial services landscape in Australia has seen significant change. However, one constant is the strong emphasis on anti-money laundering and combatting the financing of terrorism (AML/CFT) by the regulators. 

Under the AML/CTF Act 2006, designated businesses must meet four key obligations that reflect the private sector obligations set out by the Financial Action Task Force (FATF).

As a long-term member of the Financial Action Task Force (FATF), Australia’s anti-money laundering and combatting the financing of terrorism (AML/CFT) regulatory framework seeks to align with the recommendations laid out by the agency. 

Projected by the World Bank to possibly have one of the highest inflation rates globally in 2022, Nigeria’s volatile exchange rate and rising inflation pose a challenge to residents as they try to maintain their purchasing power. The World Bank […]