Zaynab K.’s Post

Why do we do anti-money laundering checks for new clients? When you become a Starfish client, it’s an exciting time for both of us! We want to get things rolling as soon as possible, but there are a couple of legal processes we have to conduct first. Before we can dive into the good stuff, we have to do anti-money laundering (AML) checks. An AML check is a quick identity assessment that makes sure the business owners and directors are who they say they are, and doesn’t impact on your credit report. Don’t worry! It’s something all accountants have to do for every client they work with. In other words, we don’t do it because we think you’re up to anything dodgy! To find out more read our latest blog post - https://lnkd.in/eaPHdny2 #MoneyLaundering #newclients #accountingblog

Accountants, safeguard your practice with AML checks! 🔍 Positioned perfectly to detect money laundering, you play a crucial role in ensuring finances are legit. Don't just keep accounts in order—keep them clean and lawful. Check out our recent blog 'How AML Checks Protect Accountants from Money Laundering' ➡️ https://loom.ly/dfZYrVU #Accountancy #AMLChecks #FinancialIntegrity

I had the chance to attend an interesting and engaging workshop on Anti-Money Laundering (AML) organized by Anjana Roy,CAMS,CAMI . This session was a very useful experience for me, and I wish to share some feedback on it. Your contributions have had a good effect on my knowledge. • The workshop explained each aspect of money laundering including, the rules and regulations, processes, practice of financial crime and other relevant cases. • The interactive sessions were especially interesting, where participants were able to ask questions and responses were provided in details. • Overall, the AML workshop was an enriching experience that significantly broadened my understanding of the subject. Once again Thanks for the session Anjana Roy,CAMS,CAMI keep up the same.

The 5th most frequently asked questions by real estate brokers/ agents during the AML/CFT training sessions. What is the purpose of the 55K+ reporting threshold for the cash payments in the real estate industry ?

FCA WARNS FIRMS ON COMMON FAILINGS THEY'VE FOUND IN FINANCIAL CRIME CONTROLS. The FCA wrote to CEOs on 5 March 2024 outlining the common Anti-Money Laundering (AML) control failings they have observed in Annex 1 firms and setting out the actions they require you to take. #financialcrime #financialservices #antimoneylaundering #antibribery #duediligence #sanctionscompliance #riskassessment #aml #fraudprevention #fraudmanagement #riskmanagement #payments #cards ##internalcontrols

FCA WARNS FIRMS ON COMMON FAILINGS THEY'VE FOUND IN FINANCIAL CRIME CONTROLS. The FCA wrote to CEOs on 5 March 2024 outlining the common Anti-Money Laundering (AML) control failings they have observed in Annex 1 firms and setting out the actions they require you to take. #financialcrime #financialservices #antimoneylaundering #antibribery #duediligence #sanctionscompliance #riskassessment #aml #fraudprevention #fraudmanagement #riskmanagement #payments #cards ##internalcontrols

Compliance with a Cost: Often Proving Legitimacy ⚖️ We recognize that AML/CFT compliance is essential for safe financial transactions, but today’s "guilty until proven innocent" approach often places a heavy burden on legitimate businesses. Many find themselves frequently under scrutiny, having to justify their transactions. While we support due diligence, this constant need to prove legitimacy can impact business growth and delay operations for those playing by the rules. Let’s explore ways to ensure compliance without stifling legitimate activity. 🛑 #ComplianceMatters #AML #ResponsibleFinance #BusinessGrowth #SupportLegitimacy #holdco #virtualbusiness

Looking forward to discussing how to prepare for the upcoming AML program rules with Ken Triemstra of Citi and members of PwC's Financial Crimes Unit. Please join us from 4:00 - 5:00 ET on Sept. 18th. #complianceprofessionals #fintech #AMLCFT #AML

Join the upcoming webinar with PwC and other industry experts to hear more about FinCEN NPRM and guidance requiring risk-based programs and mandatory risk assessments on 9/18 at 4pmEt! Jim Daly

Real estate agents & Notaries in Malta, are your AML/CFT processes bulletproof? In the fast-paced world of real estate & notary services, it's easy to overlook the critical importance of AML/CFT compliance. Failing to meet these standards can result in hefty fines and reputational damage. At 3SIXTY Core Consultants, we're your trusted partners in navigating the complex world of AML/CFT regulations. We'll help you: -Implement robust client due diligence procedures -Stay ahead of the latest regulatory changes -Keep meticulous transaction records -Protect your business from financial crime Don't wait for a compliance breach to happen. Contact us today for a free consultation and let's ensure your business is protected. compliance@3sixtycore.com +356 79423466