Anti Money-Laundering

In a highly industrialized world, fighting financial crimes and meeting AML regulations for financial institutions is becoming increasingly difficult.

Philippines has been added to the FAFT’s gray list once more after failing to solve its deficiencies in the AML/CFT system of the country.

The international criminal phenomenon of money laundering causes more than USD 300 billion of damage to the licit economy every year.

If KYC processes are not incorporated in AML policies, the FAFT’s recommendations for combating terrorist financing cannot be implemented effectively.

AML functions have evolved, with the sole reason and purpose of helping MLRO and MLCO managers to fulfill AML regulatory obligations

International cooperation, reporting enhancements, education, and stronger security measures are vital in combating the threat posed by counterfeit money and money laundering to the financial system.

Funded by The Regtechtimes AML Academy (RT Academy), CAMI-Certified Anti Money Laundering Investigation (CAMI) is the leading AML enforcement certification program.

You can find information about AML in Italy; historical origins, Italian legislation, and Italian criminal code.

Money laundering is a significant issue affecting many industries worldwide, with the film industry being particularly vulnerable due to complex financing structures and the potential for large sums of money to be moved around.