International embargoes and sanctions are among the most sensitive areas of AML-CFT compliance. Sanctions regimes are proliferating, lists are constantly being updated, and measures can be direct or indirect. In this ever-changing landscape, any failure can expose the institution to reputational risk…

Table of Contents Introduction: The Central Role of AML Risk Mapping Definition and Regulatory Requirements The Risk-Based Approach in AML Compliance Expectations of Supervisory Authorities A 4-Step Methodology for Development Key Criteria for Risk Mapping AML-CFT High-Risk Countries Automation and Scoring of…

A politically exposed person (PEP) refers to a natural person who holds or has held a prominent public office. As such, their position significantly increases their exposure to risks of corruption, embezzlement of public funds, money laundering, and terrorist financing. The concept of PEP not…

  Table of Contents Introduction: Understanding Money Laundering Legal Definition of Money Laundering The Three Stages of Money Laundering Current Types of Money Laundering Legal and Regulatory Framework Role of Reportable Entities Technological Detection Tools Challenges Faced by Institutions Anticipating Risk Evolution Structuring a Framework…

Table of Contents Introduction to KYT (Know Your Transaction) KYT: Definition and Differences from KYC Why Transaction Monitoring Is Mandatory Types of Suspicious Transactions: Red Flags to Identify Reporting Suspicious Activity and Coordination with TRACFIN Automating KYT: Configurable Scenarios and Explainable AI Operational Challenges Observed…

  Table of Contents Introduction to KYC (Know Your Customer) KYC: Definition and Regulatory Framework A Core Requirement of the AML-CFT Framework Why Is KYC Mandatory? The Four-Step KYC Process KYC in the Banking, Financial, and Insurance Sectors Customer Due Diligence (CDD) and Enhanced Due Diligence…