For Reporting Entities (REs), this has demanded significant management attention to ensure policies are followed.
For Reporting Entities (REs), this has demanded significant management attention to ensure policies are followed. Many REs have found the journey difficult, requiring a complete overhaul of policies and procedures and significant changes in their approach to compliance.
We set out some observations on AML/CFT compliance from our work with reporting entities over the first 12 months. In this article we:
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