July 2013 Newsletter – Governance, Risk, Management & Compliance (GRC)
Governance, risk management, and compliance or GRC is the umbrella term covering an organization’s approach across these three areas. Being closely related concerns, governance, risk and compliance activities are increasingly being integrated and aligned to some extent in order to avoid conflicts, wasteful overlaps and gaps.
Read MoreJune 2013 Newsletter – Politically Exposed Persons (PEPs) Risk
Politically Exposed Persons – will include senior political figures, their immediate family and close associates.
Read MoreMay 2013 Newsletter – Detecting and Reporting Suspicious Activities
In an effort to combat money-laundering, it is increasingly more important for regulated entities to develop effective methods to detect and filter suspicious activities. Regulated businesses must be alert to the implications of the flows and transaction patterns of existing customers, particularly where there is a significant, unexpected and unexplained change in the behaviour of a customer in his use of an account or other financial services product.
Read MoreApril 2013 Newsletter – Developing a Risk Based Compliance Program
To assist with the overall objective to prevent money laundering and the financing of terrorism, the Financial Services (Implementation of Industry Standards) Regulations (FSIISR), 2011 adopts a risk based approach.
Read MoreMarch 2013 Newsletter – Becoming a Certified Anti-Money Laundering Specialist
Founded in 2001, the Association of Certified Anti-Money Laundering Specialists (ACAMS) is the premier membership organization devoted to professionals in the anti-money laundering field.
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