For more than 30 years, the Financial Action Task Force (FATF) has been the global standard by which many countries have wholeheartedly adopted the measure to combat Money Laundering and Terrorist Financing(ML/TF). Since the FATF first started in the late…
Joseph Iuso
5 Key Aspects to Finding the Right CAMLO
As a reporting entity under most Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regulations you must appoint an able and qualified person as your Chief Anti-Money Laundering Officer (CAMLO). This is essentially the first step to meeting your legal obligations. The…
AML Risk Assessments are an Eye Opener
As part of any AML compliance regime, the first step is to do an assessment of the risk associated with the business according to regulatory requirements. The Risk Assessment, or RA, takes into account a large scope of the business…
AI and Machine Learning are the Future of AML Compliance
At the first ever Canadian Regtech Association (CRTA) event, attendees watched a variety of presentations related to Regtech. One of these topics included cases for utilizing AI and Machine Learning to reduce the burden of AML compliance. Use Cases Included:…