Author Archive

How do you demonstrate your AML/CTF Program is Effective?

The Wolfsberg Group recently published a paper on how Financial Institutions (FI’s) can demonstrate the effectiveness of their AML/CTF Program.  The paper looks at how supervisors and FI should focus on the practical element of whether the Program and controls are making a material difference in preventing, detecting and reporting ML/TF risks in the sectors, industry and jurisdictions in which they operate.   As you well know, the primary purpose…

Read more