As many reporting entities near the end of the new three-year AML audit cycle, now is the time to review your last audit report to ensure that any recommendations made have been addressed. Find out why it is so important to address these well in advance of your next audit.
At the end of last year, the supervisors indicated we would see more enforcement action in 2022. So, what does this mean for reporting entities and why being selected for an AML desk-based review is not necessarily a bad thing?
Customer Due Diligence (CDD) continues to be the number one area of non-compliance in most audit reports since the AML/CFT Act came into force – despite many moving to third party and electronic verification methods. Take a minute to refresh yourself with what CDD actually is and why ID and proof of address verification is only a part of what is required.
Sector specific AML/CFT refresher training is here!
Strategi’s first sector specific AML/CFT refresher training is all systems go for 24 February. This is a fantastic way to gain insight and knowledge about the money laundering and terrorist financing risks that are applicable for your specific sector – you don’t want to miss this opportunity
Disclaimer: The information contained in this email was prepared by Strategi Limited. While every care has been taken to supply accurate information, errors and omissions may occur. Accordingly, Strategi Ltd accepts no responsibility for any loss caused as a result of any person relying on the information supplied.
