AML Certification Centre’s Post

🌐 New The Wolfsberg Group Document: Response to Financial Action Task Force (FATF) Consultation on AML/CFT and Financial Inclusion The Wolfsberg Group has published its response to the #FATF consultation on #AML/ #CFT and #FinancialInclusion (Recommendations 1, 10, and 15), emphasizing the importance of a risk-based regulatory framework that also promotes financial inclusion. Highlights: •Excessive AML/CFT measures that do not align with identified risks are both ineffective and inefficient. •Unintended consequences, such as limiting access to financial services for under-served communities, weaken the effectiveness of AML/CFT regimes. •As stated in the #WolfsbergGroup’s original Statement on Effectiveness, an effective AML/CFT program reduces friction for customers while supporting governments in their financial inclusion objectives. This document adds to the ongoing discussion about balancing the fight against #moneylaundering and #terroristfinancing with the need to ensure access to financial services for those who need it most.

Stay ahead of the curve with PwC Ireland’s Financial Crime Quarterly Update: Q3 2024! From Deputy Governor Derville Rowland’s remarks on AML partnerships in Ireland to the EBA's 2025 work programme, this issue covers critical developments you need to know. Get the latest on regulatory changes and innovations shaping the future of financial crime prevention.

Stay ahead of the curve with PwC Ireland’s Financial Crime Quarterly Update: Q3 2024! From Deputy Governor Derville Rowland’s remarks on AML partnerships in Ireland to the EBA's 2025 work programme, this issue covers critical developments you need to know. Get the latest on regulatory changes and innovations shaping the future of financial crime prevention.

Stay ahead of the curve with PwC Ireland’s Financial Crime Quarterly Update: Q3 2024! From Deputy Governor Derville Rowland’s remarks on AML partnerships in Ireland to the EBA's 2025 work programme, this issue covers critical developments you need to know. Get the latest on regulatory changes and innovations shaping the future of financial crime prevention.

Stay ahead of the curve with PwC Ireland’s Financial Crime Quarterly Update: Q3 2024! From Deputy Governor Derville Rowland’s remarks on AML partnerships in Ireland to the EBA's 2025 work programme, this issue covers critical developments you need to know. Get the latest on regulatory changes and innovations shaping the future of financial crime prevention.

Stay ahead of the curve with PwC Ireland’s Financial Crime Quarterly Update: Q3 2024! From Deputy Governor Derville Rowland’s remarks on AML partnerships in Ireland to the EBA's 2025 work programme, this issue covers critical developments you need to know. Get the latest on regulatory changes and innovations shaping the future of financial crime prevention.

FinCEN proposes requirements to strengthen programs to combat money laundering and financial crime risks, including mandatory risk assessments that incorporate FinCEN’s AML/CFT priorities. Supervision/enforcement for many types of financial entities is increasing. #KPMGRegulatoryAlert #AML #Financial Crime https://bit.ly/3YpTt6P

FinCEN proposes requirements to strengthen programs to combat money laundering and financial crime risks, including mandatory risk assessments that incorporate FinCEN’s AML/CFT priorities. Supervision/enforcement for many types of financial entities is increasing. #KPMGRegulatoryAlert #AML #Financial Crime https://dy.si/wYJx1a

FinCEN proposes requirements to strengthen programs to combat money laundering and financial crime risks, including mandatory risk assessments that incorporate FinCEN’s AML/CFT priorities. Supervision/enforcement for many types of financial entities is increasing. #KPMGRegulatoryAlert #AML #Financial Crime https://bit.ly/4f1k001

FinCEN proposes requirements to strengthen programs to combat money laundering and financial crime risks, including mandatory risk assessments that incorporate FinCEN’s AML/CFT priorities. Supervision/enforcement for many types of financial entities is increasing. #KPMGRegulatoryAlert #AML #Financial Crime https://bit.ly/3WsBN92