Diego Ofano, CAMS’ Post

At Fundiligence, we're on a mission to shape the future of Anti-Money Laundering, Compliance, Regulations, and Finance and Banking Law through the power of community. We're inviting experts, practitioners, and scholars in the fields of AML, Compliance, and finance law to write and submit articles and contribute their knowledge and analyses to our diverse and engaged audience. Why Write for Us? - Gain global exposure and influence current practices in finance law. - Join a distinguished community of thought leaders. - Share your insights on AML practices, whether it's the intricacies of Indian financial regulations, the evolving AML landscape in the Cayman Islands, or the aspects of Irish legislation regarding funds. Contributing to Fundiligence means advancing global understanding and best practices in AML and Compliance worldwide. More details in the link below 👇 #AML #Compliance #FATF #FinancialCrime #AMLtraining #Finreg #KYC #Fincrime

As a #finance professional that's regulated by #AML rules, it can be challenging to keep abreast of changes, whilst also trying to provide the best service you can for your clients. Many of us have got the onboarding process nailed but we need to constantly monitor for changes to AML rules and keep our teams fully informed and trained up. Any new digital tools which help with the monitoring process can only be a good thing. Here's a blog I wrote on the subject. Do you have any recommendations for digital tools which you've found to be useful in the space? https://lnkd.in/dZ_ySECV #accounting #tax #legal #auderli

Money laundering laws in the EU have been significantly tightened with the approval of a new comprehensive AML regulation by the European Parliament and EU Council, requiring accountants to strictly adhere to uniform standards across all member states. Read the full ACCA article from here: #MoneyLaunderingLaws #AccountingCompliance #LangbrookFinance https://buff.ly/4bOBRV2

As more stringent protocols must be established within your practice to keep up with AML regulations, we look at the cost of failure when these measures aren't enforced. Read our latest blog for AccountingWEB.co.uk, for examples of what happens when compliance goes wrong: https://lnkd.in/db5DQ94Y #WoltersKluwer #AML #WKUK #AntiMoneyLaundering #Compliance #Accounting

🚨 𝗜𝘀 𝗬𝗼𝘂𝗿 𝗖𝗮𝘆𝗺𝗮𝗻 𝗘𝗻𝘁𝗶𝘁𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝘁 𝘄𝗶𝘁𝗵 𝗣&𝗣, 𝗔𝗕𝗠, 𝗮𝗻𝗱 𝗔𝗠𝗟 𝗢𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀? If your Cayman entity is regulated by the Cayman Islands Monetary Authority (𝗖𝗜𝗠𝗔), you must comply with key legal obligations including, maintaining up-to-date Written Policies & Procedures (𝗣&𝗣𝘀), conducting Annual Board Meetings (𝗔𝗕𝗠𝘀), and ensuring comprehensive Anti-Money Laundering (𝗔𝗠𝗟) training. Failure to meet these standards can result in fines up to US$1.2 million and other serious penalties. . Whether you operate a Fund, Virtual Asset Entity, Securities Investment Business, or any other CIMA regulated entity, ensuring your entity is compliant with its obligations is crucial. . 𝐍𝐞𝐞𝐝 𝐡𝐞𝐥𝐩? At Stuarts, we can help bring your entity into compliance by offering: ✔️ Assistance with drafting bespoke policies and minute materials to ensure P&P and ABM legal compliance. ✔️ Customised AML training sessions for you and your team. . 🔗Read our client alert in full here: https://bit.ly/4edkeQF . Contact Jon McLean for legal assistance and Reuben Foster for AML training registration. Get the knowledge you need to stay ahead in regulatory compliance! . 👉Learn more about our AML & Regulatory Services: https://bit.ly/4gAB1im . If you require further information reach out to your usual Stuarts attorney or get in touch with us at info@stuartslaw.com and we will be happy to help. . #AMLTraining #CaymanCompliance #FinancialServices #Regulatory #CaymaIslands #StayCompliant #CIMA #StuartsLaw

  Anti-Money Laundering Scenario 9 – Source of funds checks 🔥 Hot off the press 🔥 We have just released the latest in our #training series of Anti-Money Laundering Scenarios, key in helping lawyers maintain knowledge and apply #AML techniques in practice. Each scenario is based on real law firm examples and takes about 10-15 minutes to complete along with feedback and a quiz. Our new Scenario 9 guides you through obtaining the correct evidence for source of funds checks when instructed by a foreign national, essential for establishing that funds and wealth are legitimate. The Scenario also covers dealing with translated documents and Chinese Government rules on overseas transfers. Available standalone for only £15.00 plus VAT or as part of our full bundle of AML eLearning and scenarios for a discounted £60.00 plus VAT. Click the link, or get in touch for more information. Amanda@kinchrobinson.com 0114 273 8300 https://lnkd.in/ebDbHJDb #lawyers #compliance #solicitors #lawfirms

It is crucial to get your Cayman entity compliant before the end of the year to avoid penalties. Reach out to us to assist with preparing your P&Ps, ABMs and AML training obligations. More information can be found in the client alert below, or contact us at: info@stuartslaw.com.

Have you heard about the Economic Crime and Corporate Transparency Act 2023? The Act aims to combat economic crime and enhance corporate transparency, bringing about significant changes that will impact your business. Here are some key points covered in our latest blog: ✅ Beneficial Ownership ✅ AML and KYC Compliance ✅ Increased Reporting Requirements ✅ Whistleblower Protection To dive deeper into the Economic Crime and Corporate Transparency Act 2023 and understand how it affects your business, read the blog here: https://bit.ly/3SO1LSD #EconomicCrimeAct2023 #CorporateTransparency #ComplianceMatters #Compliance #ComplianceTraining #AML #Whistleblowing

We're delighted to announce that we've expanded our compliance services to now facilitate comprehensive FAIS (Financial Advisory and Intermediary Services Act) advice and compliance for financial advisors and intermediaries. 📈 Plus, we're here to ensure your business stays on the right side of FICA (Financial Intelligence Centre Act) compliance, with specialised expertise in this as well as the associated KYC (Know Your Customer) and AML (Anti Money Laundering) requirements tailored to various industries. 💰⁠ ⁠ We work with talented experts who are ready to assist you in navigating the complex landscape of financial regulations, providing tailored solutions to suit your specific needs. Whether you're in need of FAIS advice, FICA compliance, or comprehensive data protection services, Lay Law has you covered. 💼⁠ ⁠ Don't let compliance concerns hold your business back. Reach out to us today to learn how we can help you stay ahead of the curve and focus on what you do best. 📲⁠ ⁠ #Compliance #FinancialRegulations #DataProtection #FAIS #FICA #AML #KYC #LayLaw #LegalConsultancy⁠

A Cautionary Tale: AML Failings in the Legal Sector 🚨💼 Even leading law firms can face significant challenges with anti-money laundering (AML) compliance. Our latest blog examines a high-profile case where a major firm experienced serious AML failings. We dive into the details of what went wrong, the repercussions of non-compliance, and the critical lessons learned. This case serves as a valuable reminder for all organisations to continuously refine their AML practices. Explore in our latest blog: 1. The nature of the AML failings in this case 2. The impact on the firm involved 3. Key strategies to strengthen your own AML compliance https://bit.ly/4c8Dc9h #AML #Compliance #FinancialCrime #LegalSector