Our top 5 AML/CFT learnings of 2021
Our top 5 AML/CFT learnings of 2021
15 DEC 2021
As we all try and finish 2021 with a bang, now is a good time to reflect on some of the biggest stories and learnings regarding AML. We’ve handpicked 5 articles which we think are worth revisiting.
- DIA warning a wake-up call for reporting entities:
March 2021 – a real estate firm received the first formal warning for the sector after failing to comply with regulations. This was a wake-up call for reporting entities to ensure their own businesses are compliant and to take steps to check that processes, systems, and controls align with the expectations of supervisors.
Read the full article → - Now the legal sector gets first AML warning:
April 2021 – the supervisors are now signalling that enough time has gone by for Phase 2 entities to get things right, they are now starting to lose patience with reporting entities who are considered non-compliant.
Read the full article → - Avoid angering clients with AML overkill:
June 2021 – Strategi is seeing unnecessary burdens placed on clients and provides practical advice to curb the ‘overkill’ and remain compliant.
Read the full article → - Find out how the new AML/CFT regulations will impact your business:
July 2021 – the world of AML/CFT compliance is evolving rapidly with the introduction of amendment regulations. Refresh yourself on the regulations and how they affect your business. If necessary make some updates so you don’t get caught short.
Read the full article → - Complacency threatens AML/CFT compliance:
September 2021 – by September the supervisors’ patience is wearing thin with noncompliance in the AML/CFT compliance world. Strategi put together some quick tips on how to stay out of their cross hairs.
Read the full article →
If you have any questions or concerns and need assistance, please don’t hesitate to get in touch with our friendly compliance team.