Anti-Money Laundering

The road to FATCA and the Fourth EU Directive– Customer Due Diligence requirements revisited

Financial institutions are faced with the challenge of aligning their existing Know Your Customer (KYC) due diligence processes to meet FATCA requirements. This article outlines the background and international discussions regarding tax evasion and the ongoing debate to curtail it, and seeks to touch upon the impact it will have in dealing with should be: high-risk clients in regions, which are considered high risk for tax evasion.

Brazil: Combating corruption and money laundering

Brazil has recently witnessed a crackdown on corruption. However, despite its progress, the country continues to remain high risk with regards to corruption, and requires high levels of due diligence.

Integrity Due Diligence – Towards an integrated approach to Compliance (II)

Corporations and institutions can attain a strategic and competitive advantage by pursuing an integrated approach to integrity due diligence.  By assessing the trustworthiness and reliability of customers, business partners and any third parties, organisations ensure the fulfilment of compliance requirements, whilst concurrently facilitating a concerted effort to combat money laundering, fraud and corruption (‘MLFC’) –…

Integrity Due Diligence – Towards an integrated approach to Compliance (I)

The serious impact and long-term effects of economic crimes, such as money laundering, corruption and fraud (‘MLFC’), may not seem to be as apparent as those resulting from hard security threats. These crimes do, however, pose some of the most menacing risks currently facing governments, institutions and corporations. The following article aims to discuss an…

India: Committed to combating money laundering

Due to India’s geopolitical position, the size of its economy, and recent serious terrorist attacks it has fallen victim to, AML and counter terrorism financing are taken seriously in the country.