emltc’s Post

Does anybody know if there's a regulatory framework that ensures compliance with Payment Card Industry Data Security Standard (PCI DSS) in Bangladesh? Also, if there’s Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Regulations in Bangladesh?

We have just updated the page of the AgentSafe for Real Estate website, to reflect the latest update on the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024. For more information click the link below; https://lnkd.in/gmZAvEpp. If the Bill passes, AML/CTF obligations would not apply until 1 July 2026 for tranche two entities that provide new designated services. These entities will be able to enrol with AUSTRAC from 31 March 2026. This is to allow time for newly regulated entities to understand and prepare for their new AML/CTF obligations. AUSTRAC will develop guidance and educational materials that will support newly regulated entities in implementing effective AML/CTF measures within their businesses. #AgentSafe #AUSTRAC #Moneylaundering #Counterterrorism #software #realestateagents #lawyers #developers #accountants

Counter-Terrorism Financing (CTF) regulations help prevent illegal funding of terrorist activities. Stay compliant and secure with AML Wizard. Visit amlwizard.com #AMLWizard #CTF #StopTerrorism #SecureBusiness

🌐 Update for SCA ‘s licensed Financial Institutions🌐 "Minimum Standards for Semi-Annual Anti-Money Laundering and Counter-Terrorism Financing Report: Satisfactory and Unsatisfactory Practices" is now available on the SCA’s official website. 📊 Financial institutions can access this valuable resource under the “Anti-Money Laundering and Terrorist Financing” section within the Awareness and Guidance tab. A special thank you to Maroof Saiyed and Hanan AlMajedi, ICA from the SCA team, for their essential input and contributions.👏👏 #AntiMoneyLaundering #CounterTerrorismFinancing #FinancialCompliance #SCA #AML #CTF #FinancialInstitutions #SatisfactoryPractices #Compliance

🚨 The EU’s AML/CFT Reforms Are Official! The European Union (#EU) has unveiled a groundbreaking set of rules, marking a significant milestone in the fight against money laundering and terrorism financing. This new regulatory framework aims to enhance the effectiveness and consistency of anti-money laundering (#AML) and counter-terrorism financing (#CFT) measures across all Member States. In our latest article, we dive into the key components of the AML/CFT package and explore what these changes mean for #financial institutions. Click the link below to read more: 👇 https://lnkd.in/e_HuCGeh #FinancialServices #AML #AMLReform #AntiMoneyLaundering #CFT #terrorismfinancing #EUFinance #EURegulations #AMLA #Compliance #RegulatoryCompliance #EU

Stepping up your AMLA Compliance: Best Practice & Challenges in Identifying the Beneficial Owner Gain a sound understanding of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001. To register >> https://bit.ly/39AUf5l To download brochure >> https://bit.ly/3LNEcFi

🔒 UAE Enhances Anti-Money Laundering and Counter-Terrorism Financing Law; ~ The UAE Government has #amended the Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism. ~ Key updates include the creation of the #NationalCommittee and the #SupremeCommittee for overseeing anti-money laundering and counter-terrorism financing efforts. ~ The National Committee will be #guided by the Supreme Committee, responsible for #assessing and #enhancing the #effectiveness of anti-financial crime strategies. ~ The decree emphasizes #coordination between the National Committee and relevant entities, ensuring robust support and effective oversight. ~A General Secretariat for the National Committee will be established, led by a Secretary-General who will also #serve as Vice-Chairperson of the National Committee and a #member of the Supreme Committee. #AML #CounterTerrorism #FinancialCrimes #UAE #RegulatoryUpdate

Just wrapped up the ACFCS webinar on 'PCMLTFA Implementation Update - Progress and Challenges.' Gained critical insights into the evolving landscape of anti-money laundering and counter-terrorism financing. #AML #PCMLTFA #Compliance #ACFCSWebinar

The much-anticipated Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (AML Bill) has finally passed through the Senate and the House. The AML Bill addresses three key objectives: * capturing higher risk 'gatekeeper' professions; * simplifying the anti-money laundering and counter-terrorism financing (AML/CTF) regime to improve its effectiveness; and * modernising the regime to reflect changing business structures, technologies and illicit financing methodologies. The new laws are intended to commence in 2026 and apply to services provided both in Australia and overseas. This is all directed towards the Government ensuring that the reforms are in place for Australia's mutual evaluation by FATF in 2026-27. #aml #ctf

FinCEN has notified U.S. financial institutions about recent updates from the FATF regarding jurisdictions with strategic deficiencies in anti-money laundering and counter-terrorism financing measures, including the addition of Algeria, Angola, Côte d'Ivoire, and Lebanon to the Increased Monitoring list, while reinforcing the need for enhanced due diligence in dealings with high-risk jurisdictions like Iran and North Korea. https://lnkd.in/gysXAQ75