Meeting your AML/CFT obligations might only be a small part of what you do but it’s not something you want to get wrong. As 2022 rolls to an end we think it’s worth reviewing the main AML/CFT topics that arose this year. So, do a quick check and make sure you are on track:

1. How to avoid common AML/CFT audit breaches 

Time is ticking toward the end of the three year audit cycle and many of you will have started looking at how you can best prepare for this. We have put together a list of the most common audit findings from the last 12 months and provided recommendations and resources to help you get on track. Read more…

2. AML/CFT training – supervisor expectations

AML/CFT training is important because it helps you meet your compliance obligations but more importantly it aids in the detection and deterrence of money laundering and the financing of terrorism – which is why the Act was created. Read on to find out what the supervisors expect when it comes to your training programme. Read more…

3. I outsource my CDD… so ‘she’ll be right mate’

Do you outsource your customer due diligence activities to a third party? The supervisors have recently indicated that outsourcing customer due diligence does not mean that your responsibilities are also gone. Why having a ‘she’ll be right’ attitude is definitely not ok. Read more…

Let our team know if you have any questions – we are here to help.