AML-CFT compliance blog
Professionals involved in the trading of precious metals, gemstones, or other goods covered by Regulation AML-CFT are subject to the obligations set forth in the Monetary and Financial Code. For occasional transactions, certain due diligence procedures are triggered once the applicable regulatory thresholds are reached, as determined on…
For an online gaming operator, the obligations set forth at AML-CFT apply from the moment a relationship is established and throughout its duration: identification and verification of the player’s identity, monitoring of transactions, screening for sanctions and asset freezing measures, and identification of politically exposed persons (PEP).
The…
A wealth management firm has neither a compliance department nor a dedicated compliance team. Yet it is subject to the same substantive obligations as organizations a hundred times its size. The question, therefore, is not whether the framework applies, but how to tailor it to…