Asia Pacific banks helping detect financial crime related to illegal wildlife trade panda.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from panda.org Daily Mail and Mail on Sunday newspapers.
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Survey Respondents say the technology has the potential to shine more light on illicit financial networks with greater guidance and the issuance of global standards
The best uses of digital ID for anti-financial crime purposes, which regions are most prepared to deploy the technology and whether local data privacy laws could impact its rollout are some of the key findings from a new global survey commissioned by ACAMS and RUSI, in partnership with YouGov. Some 86% of the survey s more than 300 participants-a group that includes representatives from multinational banks, governmental bodies and other academic organizations-view digital ID as a positive innovation, though respondents remain split on whether they face legal barriers to its widespread use.
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Respondents say the issuance of national AML priorities and more guidance on SARs and pending regulations would aid AFC/AML compliance teams
Financial institutions welcome plans to regulate firms for anti-money laundering (AML) efficacy but say more input is needed from governmental officials to ensure that their compliance efforts are effective, according to a new global survey of financial crime experts commissioned by ACAMS. The survey, which was launched in partnership with YouGov, found that four out of five of the more than 340 respondents believed that the periodic issuance of AML priorities by a national governmental body would be helpful in shaping an institution s compliance program.
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Speakers at this groundbreaking training event include OFAC Associate Director for Sanctions Policy and Implementation Lisa Palluconi, United States Senate Committee on Banking, Housing, and Urban Affairs, Policy Director Colin McGinnis and Minister for South Asia and the Commonwealth, UK Foreign, Commonwealth Development Office (FCDO) Lord Ahmad
As part of its ongoing effort to help compliance professionals navigate an increasingly complex regulatory landscape, ACAMS will host its
Inaugural Global Sanctions Space Summit beginning on March 2. This two-day, fully virtual event will bring together more than 50 high-level officials and subject-matter experts from around the world to discuss the challenges posed by the evolving scope of economic sanctions lists, including prohibitions on entities facilitating human rights abuses, the proliferation of weapons of mass destruction, terrorist financing and cybercrimes.