September 2021 – November 2021

Nonprofits: Know Your Donorā€™s Asset Origination
ACAMS Connection, AFC Challenges, September 2021 - November 2021

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When learning about new trends in money laundering from financial crime prevention experts, one usually does not consider the nonprofit sector and the risk of nonprofit organizations (NPOs) in facilitating illicit transactions. Nonprofits are essential to financing the most vulnerable in society; however, they could...
How to Incorporate Money Laundering Risk into Risk Management: Part One
Aspects of APAC, September 2021 - November 2021

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Relevant provisions have regulated the incorporation of money laundering and terrorist financing risk (hereinafter referred to as money laundering risk) into the overall risk management of financial institutions (FIs). These provisions include the Financial Action Task Forceā€™s ā€œRisk-Based Approach Guidelines for the Banking Sectorā€...