The Caribbean Catch-Up column features articles on anti-financial crime and compliance with a regional focus on the Caribbean from subject-matter experts.
Our regular contributor is Tanya McCartney, assistant professor at the University of The Bahamas. If you would like to contribute to this column or have any topics you would like to suggest, email editor@acams.org.
De-risking is defined by the Financial Action Task Force (FATF) as “the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage risk.”1 This risk pertains directly to the potential for money laundering (ML), terrorist...
While I am not a football fan myself, I know that there are lines of defense and each team is trying to prevent the other side from making a touchdown. Similarly, in financial services there are also lines of defense. The entire financial services...
