2017 is here and it is almost February, so what are your plans? Last year you hoped and waited for the economy to improve, It will, but this is what you need to do.
NameScan is a pay-as-you-go service, designed for small and medium-sized businesses (SMEs) that require an easy to use and cost effective AML solution. NameScan users can scan the name of any individual or organisation and receive an instant PDF report containing detailed profiles of any matching names. There are no subscriptions
goAML the global operations anti-money laundering solution and the NFIU platform for reporting transactions, now has explainer videos as part of our effort to educate operators. Download for FREE explainer videos for your organisation even if you already know how-to, what about other staff or future staff? You can use this as a training aid. Teach them how to report CTRs and STRs and other features you didnt know exists on the goAML platform. We have that all sorted out.
Do you know that Nigerian law mandates all financial institutions to develop training programmes for its entire staff?
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What a potential director should do to prepare to join a board
Before joining a board, a candidate should read and evaluate the quality of the company’s data security and anti-money laundering (AML) policies and practices. He or she should read the company’s last three years of audits and any remediation plans and progress reports, if appropriate. This should give a potential director a good understanding of whether the company has a robust corporate governance infrastructure and a culture of accountability.
goAML the global operations anti-money laundering solution, an application developed by the United Nations Office On Drugs and Crime (UNODC) as a strategic response to fighting financial crime including money laundering (ML) and terrorism financing (TF). It is an incorporated database with intelligence analysis features intended for use by Financial intelligence Units (FIUs) worldwide.
Every year, more than $1.5 billion in concealed transactions are purposefully moved around the globe. And about 20 percent of the hidden and illicit transfers occur in the United States, according to a U.S. Department of the Treasury report on money laundering and terrorist financing threats.
The corporate governance movement is a global phenomenon and is resulting in the emergence of a new global business environment. More than ever before stringent and defined corporate governance surrounds boards and their responsibilities. It applies to all companies not just those in the financial services sector.
Since 2008 and the global financial crisis that accompanied it, corporate board membership in the financial services industry has had an even greater significance than before. Beyond the fiscal, social and corporate responsibility that goes with sitting on a board, it has become very clear that it’s not about being a “yes man” or “yes woman.”
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