4th EU AML Directive will make curbing crime easier, but cost banks millions

4th EU AML Directive will make curbing crime easier, but cost banks millions

4th EU AML Directive will make curbing crime easier, but cost banks millions

As the 4th EU AML Directive comes into force today, a pair of studies suggests that while most UK FS industry financial crime professionals think the new rules will make it easier to prevent money laundering, they are likely to cost banks millions in inefficient KYC checks.

Customer Due Diligence (CDD): Practical Changes brought to the Financial Sector

Joanna Grynfelder, Forum Compliance, Warsaw. / For the premium version, please visit http://www.era.int/?127769 &en

Benefits of the premium version:

– Interactive features
– Certificate to earn CPD points
– Offline versions (Video, Audio, PDF)
– Quiz


This e-presentation gives an overview on the main novelties introduced by the European Union’s 4th and upcoming 5th Anti-Money Laundering (AML) Directives. A detailed look is taken at customer due diligence (CDD), especially with regard to the new definition of politically exposed persons (PEP), how to deal with them, and how to assess the risk. Furthermore, the presentation outlines when and how to apply CDD with respect to electronic money, especially anonymous cards issued in third countries. Finally, approaches to simplified due diligence (SDD) under the 4th and 5th Directives are outlined.

Environmental crime: Law enforcement & a global AML priority that impacts the sustainability agenda

Biodiversity and nature loss poses significant risks to society, businesses and financial markets globally. Half of the world’s GDP is moderately or highly dependent on nature while 83% of wild mammals and 50% of plants are already lost. In the area of financial crime, environmental crime is now recognized as a key security threat.

According to the Financial Action Task Force (FATF), illegal logging, illegal mining and waste trafficking generate up to $258 billion a year.

This session will explore why Interpol, a leading law enforcement agency, has taken the action of convening Financial Intelligence Units as part of its Global Financial Crime Task Force. We will also explore the role of public and private sector collaboration is tackling this issue and how better data can help organisations incorporate environmental crime as part of their due diligence processes. Join to hear from expert speakers.

With Our Speakers:
Rory Corcoran, Assistant Director, Organised & Emerging Crime, Interpol
Holly Pelesko, Product Manager, Refinitiv
Che Sidanius, Global Head of Financial Crime and Government Affairs, Refinitiv

For new insights on artificial intelligence (AI), digitalization, big data, risk management, compliance, fighting financial crime and the future of trading and investing, visit our insights hub – http://refinitiv.com/perspectives.

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. https://www.refinitiv.com

We invite you to join our social media communities:
– http://linkedin.com/company/refinitiv
– http://twitter.com/refinitiv
– http://www.instagram.com/refinitiv
– http://www.facebook.com/refinitiv

CAMS6 Audiobook English Chapter 1 ACAMS Training

This is the latest version of audio book 6.43, you can listen the Chapter 1 and understand and memorize the concepts during driving, moving and elsewhere. This will definitely help you to prepare for the prestigious exam

Central Bank of the Future Conference Panel 4: Anti-Money Laundering & Financial Inclusion

Aaron Klein, Jennifer Shasky Calvery, and moderator Jo Ann Barefoot participate in the fourth panel for the Central Bank of the Future Conference. October 2019.

Learn more here:

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