COMPLYIQ LTD

📢🚀FAFT grey list - Latest updates! 🚨

📢🔥Amazing news! Seychelles has being removed from #EU list of non-cooperative jurisdictions for #tax purposes. #highrisk #moneylaundering #aml

5th plenary of FATF happening now

🔥Deutsche Bank under scrutiny again

🥷Most common #Terrorist Financing techniques! #aml #terrorismfinancing #finance #money

🚨⏰ Friendly CYSEC Certification Renewal Reminder! Act Before February 29th! 🔒💼 Hello LinkedIn Network, 📅 Time is running out! ⏳ This is a friendly reminder for all CYSEC-certified professionals: the deadline for certification renewal is swiftly approaching, and you have until the 29th of February to renew your license. 🌐 Ensure your certification remains valid by visiting the CYSEC website. The cost for each registration is 80 euro

updated corruption index

The Most Infamous Money Laundering Cases of the 20th Century🕵️♂️💰💼 Money laundering has always been a topic of intrigue, with high-stakes plots, international intrigue, and hidden fortunes at its core. In the 20th century, some notorious cases set the stage for the modern fight against financial crime. Join us on a journey through time as we uncover the top money laundering scandals of the last century. • 🌴🏝️ The BCCI Scandal (1980s-1990s) 🏝️🌴 • The Bank of Credit and Commerce International (BCCI) became synonymous with money laundering and financial corruption. This global bank was involved in laundering money for drug cartels, dictators, and terrorist organizations. Its downfall in 1991 exposed a vast web of corruption. • 💎🇨🇴 Pablo Escobar's Empire (1980s) 🇨🇴💎 • The infamous Colombian drug lord, Pablo Escobar, was known for building a cocaine empire and amassing a massive fortune. To legitimize his illicit wealth, he used a variety of laundering methods, including investing in legitimate businesses. • 🇦🇹🇨🇭 The Nazi Gold Train (World War II) 🇨🇭🇦🇹 • During World War II, the Nazis looted art, gold, and currency from across Europe. This treasure was hidden and eventually sought refuge in Swiss banks, sparking a decades-long controversy over stolen assets. • 💼💵 The Vatican Bank Scandal (1980s) 💵💼 • The Vatican Bank, known officially as the Institute for the Works of Religion, was embroiled in a money laundering scandal. Allegations included involvement in the laundering of mafia and illegal arms money. • 💊💸 The Bank of Credit and Commerce International (BCCI) (1980s-1990s) 💸💊 • In addition to the BCCI's large-scale money laundering, it was also connected to the distribution of counterfeit pharmaceuticals, endangering the health of countless people. These cases of money laundering have left an indelible mark on the financial world and inspired more robust anti-money laundering regulations and international cooperation. Uncovering these dark secrets and learning from the past is essential in our mission to combat money laundering and protect the integrity of the global financial system. If you're interested in learning more about these historic money laundering cases and how to prevent such illicit activities today, keep exploring our blog for in-depth insights and expert guidance on AML and financial crime prevention. 💼🌐🔍

🌍 Effective AML screening - Best Practices: 🔄 Automation is Key: Implement automated AML screening systems to streamline processes, reducing human errors and ensuring swift and accurate screening for both existing and new customers. 📈 Monitor Risk Levels Regularly: Keep a vigilant eye on the risk levels of customers, enabling institutions to stay current with changes in risk profiles and maintain compliance with AML regulations. 🔄 Frequent Updates to Monitoring Lists: Regularly update company lists to include the latest sanctions, politically exposed persons (PEPs), and watchlists, mitigating the risk of overlooking crucial information and ensuring regulatory compliance. 🚨 Establish Effective Monitoring and Alert Systems: Implement robust monitoring and alert systems to swiftly identify suspicious activities, taking prompt action to prevent potential reputational risks associated with financial crime. 🛡️ Build a Robust Compliance Program: Develop a comprehensive compliance and risk-based approach program covering AML screening and related compliance initiatives, complete with policies and procedures. 🌐 Leverage Third-Party Solutions: Opt for third-party solutions to enhance accuracy and efficiency, reducing false positives. Regularly monitor these solutions for updates in regulations and adverse media data, supplemented by comprehensive reports for ongoing assessment. 📰 Stay Informed About Regulatory Changes: Stay abreast of the latest regulatory changes to ensure ongoing compliance with AML regulations. Regularly update screening processes and verify customer data accuracy. 🎓 Invest in Staff Training: Foster a knowledgeable and vigilant workforce capable of recognizing red flags and conducting thorough AML screening. Cultivate a culture of compliance across the organization. 🔄 Conduct Regular Internal Reviews: Undertake regular internal reviews to evaluate the effectiveness of AML screening processes, identify areas for improvement, and address compliance gaps. This proactive approach reinforces the company's commitment to AML risk mitigation in an ever-evolving landscape of financial crime. 🌐💼 #AMLCompliance #RiskManagement #aml #screening #sanctions

📢Great job opportunity in Seychelles! ComplyIQ Ltd, on behalf of its client, an investment firm in Seychelles, is actively seeking an experienced Compliance Officer to join their global team. This role presents an opportunity for career growth and long-term prospects. Key responsibilities involve monitoring and assessing the company's compliance risks, drafting reports, designing procedures, collaborating with legal and other departments for standards enforcement, handling client complaints, preparing reports for the Board of Directors and external regulatory bodies, reviewing Licensees' quarterly reporting, staying informed about regulatory updates, ensuring compliance with local FSA regulations, and assisting in formulating and implementing company policies. The ideal candidate should possess a degree in Business, Finance, Accounting, Law, or a related field, along with a relevant professional compliance qualification (such as a CISI or ICA diploma) being considered advantageous. A minimum of 2 years of experience in the Securities Dealer's industry is required, with approval as a Fit & Proper Compliance Officer. Additionally, the candidate should have updated knowledge of regulatory frameworks like AML, KYC, and MiFID. Strong interpersonal and time management skills, attention to detail, professional discipline, and proficiency in English are essential. Fluency in additional languages is considered advantageous. Send your CV at the email: info@complyiq.eu