How to Incorporate Money Laundering Risk into Risk Management: Part One

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 Force’s “Risk-Based Approach Guidelines for the Banking Sector”...

It’s been several years since financial authorities began to witness the rise of virtual assets and blockchain technologies throughout the world. Regardless of the technology underlying each financial service, the challenge has been how to apply technology-neutral regulation so that similar anti-money laundering/counter-terrorist financing...