Welcome to the AML news room, where you will find the latest Anti-Money Laundering news and information. Financial institutions around the world have deployed risk-based programs to combat money laundering, counter the funding of terrorism, and deter other social crimes. ISS is honored to support the AML/OFT community and promote its accomplishments.
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Facebook says a legal challenge against the way it transfers EU user data to the US should not be referred to the EU’s top courtOngoing challenges to Facebook’s process for data transfer may have impact on “model contracts” used by thousands of firms under the new Privacy Shield protocol.
Read the full article at: www.itweb.co.za
The Philippine Senate may soon include casinos in the country’s Anti-Money Laundering Act. The Financial Action Task Force (FATF) has been consistently vocal about including casinos in AML initiatives. The tools used to monitor AML need to be equally adaptive. Global sanctions, financial fraud, and watch list services best serve their clients when data is refreshed daily from as many sanctioning body sources as possible.read more
Unexplained increase in transfers to Estonia not necessarily suspicious, experts sayread more