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The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.
Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is a specialised institution of the Economic Community of West African States responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in West Africa.
AIA had supervisory status for its members in The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. [11] AIA is also statutorily recognised and listed accordingly in the Companies Act 1985 (as amended) for the purpose of Reporting Accountants.
Ethiopia Institute of Financial Studies (EIFS) training program; Ghana Stock Exchange (GSE) Securities Courses; Namibia Stock Exchange (NSX) semi-annual Stock-brokering Exams; Nigerian Stock Exchange (NSE) offers a few certificate programs including: Module 1: The role and responsibilities of compliance officers in the capital market
(Reuters) -A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S ...
Although its main focus is on tax crime, the OECD is also concerned with money laundering and has complemented the work carried out by the FATF. [ 46 ] The OECD has maintained a 'blacklist' of countries it considers "uncooperative tax havens" in the drive for transparency of tax affairs and the effective exchange of information, officially ...
ACAMS provides training and assists other educational organizations in anti-money laundering courses. Its Certified Anti-Money Laundering Specialist (CAMS) program is internationally recognized. The CAMS program takes one day of education and half a day of examination, so participants must already have a strong basis in AML-related issues. [12]
Compliance with Anti-Money Laundering (AML) rules and with the economic sanctions administered by the Treasury Department’s Office of Foreign Assets Control (OFAC) can be a daunting task for any ...