Money laundering is the process of making illegally obtained money or assets look like they came from a legal source. It is used to conceal funds obtained through various illegal activities, ranging from small-scale tax evasion and drug trafficking to public corruption and financing terrorist groups...
The current approach, as expensive as it is, is focused on regulatory compliance. Not surprisingly, it has not been very effective in identifying and intercepting financial crime. Estimates of the volumes of funds moved through the global institutional system in proscribed transacti...
Another international organization, The Wolfsberg Group, also guides the management of financial crime risks. The Group represents 13 global banks that came together in 2000 to create AML guidelines for private banking. While many financial organizations might not offer those specific services, The Wolf...
The reliability of this risk stratification has been widely recognized, leading to its incorporation into the NCCN clinical practice guidelines for AML.22 Patients recruited to the GIMEMA AML1310 trial were categorized based on the NCCN2009 criteria.13 Therefore, the purpose of this post hoc ...
significantly affecting the clinical outcome in patients with AML in specific cytogenetic subgroups [7], it does not groupFLT3mutations into a single category but rather divides them into many subgroups. Thus, the focus of this review will be on the latter two sets of guidelines, NCCN and ELN...
Addressing gaps in due diligence is essential for effective AML compliance. Ensuring comprehensivecustomer due diligence (CDD)and ongoing monitoring can help identify and mitigate AML risks. FATF Guidelines and Compliance Strategies Understanding FATF’s Role in Global AML Standards ...
The Fifth Money Laundering Directive (5AMLD) came into force on 10 January 2020, reinforcing the European Union’s (EU) AML/CFT regulations to address several emerging and ongoing issues. 5AMLD goes further than 4AMLD in imposing reporting obligations by giving Financial Intelligence Units (FIU)...