Intersect Connect’s Post

It has become crucial for organizations, financial institutions and, DNFBPs to continue to tackle financial security and remain compliant with Anti-money laundering regulations. One of such way of tackling financial crimes is through Customer due diligence. . . . #antimoneylavndertng #AML #moneylavndering #dirtymoney #coUnterterrorismftnancing #CET #financialcime #financialccimes #compliance #complianceofficer #duedilipence #terroristfinancing #pep #sanction #dictymoney #moneylaunderinp #cime #cimeanalyst #avdit #FinanciallatellipenceUnits #FIU #SuspiciousActivityReport #sanction #SuspicioUsTronsactionReport

INTERPOL - International Criminal Police Organization The concept of this organization was born in 1923, modernized in 1956, with an overall goal in providing mutual assistance between police in different countries. Interpol Notices are crucial for global law enforcement cooperation, serving various purposes. 1. The Red Notice helps locate and apprehend international fugitives. 2. Yellow Notices aid in finding missing persons, especially vulnerable ones. 3. Blue Notices gather information on individuals related to a crime. 4. Black Notices provide data on unidentified bodies 5. Green Notices warn about criminal threats. 6. Orange Notices give general warnings about imminent threats. 7. Purple Notices centralize information on criminal methods and devices. 8. INTERPOL–United Nations Security Council Special Notice. These notices enhance international efforts to combat crime and promote a safer world. I was aware of INTERPOL and the purpose of the organization, but the various color-coded notices are something I hadn't really researched until recently. Did you know there were so many categories and the differences between them? Learn More⬇ 🔗 https://lnkd.in/gRsmi6ha #IGNITEYOURPASSION #TURNINGCEILINGSINTOFLOORS #REACHFORTHEMOUNTAIN #NEVERSETTLE #LEVELUP #AML #AMLCOMPLIANCE #FINCRIME #FINANCIALCRIMEFIGHTER #FRAUD #FRAUDFIGHTER #CRYPTO #INVESTIGATOR #PIGBUTCHERING #1Team1Mission #legacy #antimoneylaundering

[ONLINE] Further updates on Regulatory Developments in AML/CFT 02 July This webinar will give an overview of the most recent regulatory developments, happening both locally and at an EU level, in the field of Anti-Money Laundering and the Combating of the Funding of Terrorism. Instructed by: Stephanie J. Coppini (Ganado Advocates)

Again highlights the importance of robust AML/CFT policies and adherence to the same.

Human trafficking is a global problem undermining human dignity and freedom — and generating billions of dollars. This Kaufman Rossin webinar provides insights on real case discussions and the most recent regulatory update. Led by our panel of former and current Special Agents in Charge, Homeland Security Investigations (HSI), the webinar will help AML professionals detect and report potential human trafficking transactions. Watch the webinar below: https://okt.to/7hyvfN

The Corporate Transparency Act (CTA), effective as of January 1, 2024, marks a significant shift in federal law, mandating non-exempt business entities to disclose beneficial ownership details. Aiming to enhance transparency for law enforcement purposes, the CTA requires electronic reporting via the Financial Crimes Enforcement Network (FinCEN) portal. While some states like California already demand ownership disclosure, most states, including Massachusetts, do not. Contrary to state disclosures that are public, CTA submissions remain confidential, accessible only to government agencies for anti-terrorism and anti-money laundering investigations. As firms begin complying with the CTA, a new era of financial transparency and regulatory compliance, Christopher Agostino breaks down what businesses need to know about it: https://lnkd.in/gskSSH_8 #CorporateTransparencyAct #LegalCompliance #FinCEN #BusinessLaw

📽 Watch This Weekend: "Money Laundering: The Gateway to Criminal Impunity" on SLICE Experts YouTube! In emphasizing the profound impact of the 9/11 events on national security, we often overlook the unintended consequences of such events on financial operations. The documentary "Money Laundering: The Gateway to Criminal Impunity", now available on #SLICEExperts #YouTube channel, sheds light on a critical but lesser-known aspect of this story. After 9/11, FBI agents initially tasked with investigating financial frauds were reassigned to focus on #counterterrorism efforts. This shift inadvertently gave #organizedcrime and #drugcartels a carte blanche to channel their #illicitfunds through the U.S. financial system with astonishing ease. Although it is challenging to quantify exactly, various estimates suggest that the amount of illicit #money flowing and hidden within the U.S. financial system annually is staggering, reaching into the hundreds of billions of dollars. This massive influx of #illicitcapital not only makes #banks highly susceptible to #moneylaundering and #terroristfinancing but also positions them as the primary line of defense against these illicit activities. "Money Laundering: The Gateway to Criminal Impunity" offers an in-depth look at how the need to protect national security can have unexpected side effects, widening opportunities for #criminal impunity on a global scale. An enlightening #documentary that is more relevant than ever in these turbulent times. https://lnkd.in/ensX-DNw

Human trafficking is a global problem undermining human dignity and freedom — and generating billions of dollars. The latest Kaufman Rossin webinar provides insights on real case discussions and the most recent regulatory update. Led by our panel of former and current Special Agents in Charge, Homeland Security Investigations (HSI), the webinar will help AML professionals detect and report potential human trafficking transactions. Watch the webinar below: https://okt.to/dpqC5S

On February 13, 2024, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Treasury took a decisive step toward expanding the compliance obligations of certain types of investment advisers. By withdrawing its 2015 proposal and introducing a new set of proposed rules (the “Proposed Rules”), FinCEN aims to strengthen Anti-Money Laundering/Counter-Terrorist Financing (“AML/CTF”) measures among Registered Investment Advisers (“RIAs”) and SEC Exempt Reporting Advisers (ERAs). This update signifies a broadening of the scope for AML obligations, marking the first time ERAs have been explicitly included under such regulatory requirements. Read the complete article by John Michael Eden.

Are you doing business with the right people? If you are a US company you should be careful. Due diligence is expanded across many sectors. Most contracts by now should have 3 key clauses in them: ABL (Bribery), ASL (Slavery), AML (money laundering). Further you should check US Department of Treasury OFAC to see if your partners are not on their list. Here is an update. on Narcotics bad actors. https://lnkd.in/gKV9cbRq