💼 Wolfsberg Weighs In - Essential Reading for Compliance Professionals 💼 If you’re involved in AML/CFT, you cannot afford to miss the Wolfsberg Group’s response to FinCEN’s Notice of Proposed Rulemaking for the AML-CFT Programme Rule. This document, published earlier today, goes beyond mere feedback - it feels like an initial blueprint for the future of financial crime compliance. 🔍 Key Takeaways: 🏦 The emphasis on risk-based approaches tailored to an institution’s specific risks. 🌍 The call for clearer guidance on aligning AML/CFT programmes with evolving global standards. 📚 Insightful perspectives on regulatory expectations that could reshape our understanding of compliance. The Wolfsberg Group’s response isn’t just about ticking boxes - it’s about fostering a more effective, flexible, and globally consistent AML/CFT regime. What are your thoughts on the proposed changes? How do you see this shaping the future of compliance? Let’s discuss! #Compliance #AML #CFT #WolfsbergGroup #FinCEN #FinancialCrime #Risk 📄 Read the full response here: https://lnkd.in/efFYc4r4

I am happy to share that I have completed the "Enhancing Financial Inclusion with a Risk-Based Approach" course from ACAMS. This course has provided me with valuable insights into risk-based approaches for bolstering financial inclusion. It has also enhanced my understanding of regulatory compliance and its significance, which is crucial in today's dynamic field. I have explored emerging trends in AML/CFT, equipping myself to strike the right balance between risk and financial inclusion. #ACAMS #FinancialInclusion #Compliance #ProfessionalDevelopment

Ready to fortify your financial compliance expertise?  Dive into our comprehensive 15-hour AML Training program covering crucial aspects from understanding money laundering to transaction monitoring. 💼🖥️ Secure your spot for live online training now! Register here: https://lnkd.in/dPphFJ4s #scp #School_of_Certified_Professionals #technology #business #onlinelearning

𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐏𝐥𝐚𝐧𝐬: 𝐘𝐞𝐬, 𝐖𝐞’𝐫𝐞 𝐒𝐞𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬! 🧐📋   We loved Ros Lynch’s presentation last week on Compliance Monitoring Plans – does that make us a bit geeky? Maybe! But if you get your CMP right, everything else should follow. The “3 Lines of Defence” model is a powerful framework, though not always practical for smaller firms. A great question was raised on its relevance for Designated Businesses outside the Isle of Man Financial Services Authority Rule Book. We replied with a pointer to Part 8 of the AML/CFT Code, which mandates self-testing for internal compliance with Code requirements. This is where we come in to help! 🤓 #ComplianceMonitoring #3LinesOfDefence #AMLCompliance #RiskManagement

AML isn't just a concern for the financial sector anymore—it's a global issue affecting industries worldwide. Whether you're already in finance or looking to break in, getting certified in AML sets you apart. I earned my certifications at Financial Crime Academy and it's been a game-changer. Ready to join the fight against financial crime? Use my code "Aileen010" 🎯 HOW TO GET STARTED? ➡️ Explore membership options: https://lnkd.in/gFfWPfYS ➡️ Learn more about what’s included: https://lnkd.in/gPYYABGv #FinancialCompliance #AMLCompliance #FinancialCrimePrevention #RiskManagement #RegulatoryCompliance #AntiMoneyLaundering #FraudDetection #KYC #CFT #SanctionsCompliance #ComplianceTraining #FinancialIntelligence #AMLAnalyst #FinancialInvestigations #ComplianceOfficer #AMLPolicy #DueDiligence #TransactionMonitoring #RegulatoryRisk #AMLConsulting

I recently attended the 29th session of Continuing Professional Development (CPD) on “Detecting Proliferation Financiers,” held on the 14th of September. The training focused on crucial techniques for identifying proliferation financiers and understanding various typologies and risk indicators. It was an incredibly informative session, adding significant value to my understanding of this complex area of compliance. Big thanks to AML Base for organizing this and for providing such comprehensive insights. #AML #Compliance #ProliferationFinancing #CPD #ProfessionalDevelopment #FinancialCrime

"Thrilled to announce that I have successfully completed the AML/KYC certification course! This journey has enhanced my understanding of anti-money laundering regulations and customer due diligence, equipping me with the knowledge to better identify and mitigate financial risks. Looking forward to applying these skills in fostering stronger compliance frameworks and supporting financial integrity in my work.#AML #KYC #Compliance #RiskManagement #FinancialIntegrity #ProfessionalGrowth #AntiMoneyLaundering #ContinuousLearning"

🛡️ Elevate your skills in combating financial crime with the AML for Accounting Professionals eLearning course! Designed specifically for accounting professionals, this course covers essential AML practices to help you identify red flags, monitor transactions, and implement a strong AML/CFT framework. This course is your guide to safeguarding financial integrity, from understanding the basics of money laundering to mastering Know Your Client (KYC) practices. 📑 Key Highlights: 1️⃣ Dive into core AML concepts and FIU guidelines 2️⃣ Certificate upon completion 3️⃣ Flexible & 100% online – complete in just 5 hours Equip yourself with the knowledge to protect your clients and uphold a secure financial landscape. Start learning today! #AML #AccountingProfessionals #FinancialCrimePrevention #NISM #ComplianceTraining

🔍 Join us for Session Two of our enlightening AML Webinar Series with Ian Waters! 📅 Date: 14th August 2024 ⏰ Time: 11:00am 🗂️ Session Title: "Anti-Money Laundering: Where's the Evidence?" In this session, Ian Waters will delve into the specifics of record-keeping as outlined in the Money Laundering Regulations. We'll explore the essential records that need to be retained, the duration for keeping them, and what supervisors expect to find during their inspections. Don’t miss this opportunity to enhance your understanding and ensure your compliance practices are up to standard! #CPAAWebinar #AML #Compliance #IanWaters

FinCEN's new AML/CFT proposal brings significant updates to risk assessments for financial institutions. Key changes include a deeper focus on distribution channels and intermediaries. Financial institutions should review their current practices to align with these upcoming regulations. Stay ahead by understanding how these changes could impact your operations. https://buff.ly/46UARxF #AML #FinCEN #Compliance