The event was well attended by representatives from regulated institutions in Qatar, who had the opportunity to hear from Stephen Evans, the head of Anti-Money Laundering
(AML) and financial crime at the QFCRA, on the nature of these changes.
Al-Hamidi stressed the dangers of money laundering to the global economy and highlighted Saudi Arabia's commitment to anti-money laundering
and its extensive efforts in this field.
The official said Section 26 and 6 (4) of the Anti-Money Laundering
Act adopted in 2010, lays down that information-sharing can be undertaken on money laundering and combating financing of terrorism, subject to reciprocal agreements entered into by the government of Pakistan.
Demetis, (information systems, London school of Economics) presents this slim volume on systems theory and anti-money laundering
com/amlfaq) covers virtually all facets of anti-money laundering
requirements, from basic background information to the convergence of anti-money laundering
and anti-fraud programs.
Sahib Badr, director of the Office of Anti-Money Laundering
, has constantly been attending the meetings of concerned bodies, Abdul Nabi added.
Thus, the focus in considering whether a country or jurisdiction should be included in this category is on the significance of the amount of proceeds laundered, not of the anti-money laundering
The letter also urged to activate the Anti-Money Laundering
and Terrorist Financing Unit at the Yemeni Central Bank and other banks and exchange firms as well as continuous training for employees at the unit to introduce them to the newest approaches to combat money laundering and terrorist financing.
The company said that the implementation of this software suite allows integration of developments linked to the recent transposition into French law of the 3rd European anti-money laundering
directive, as applicable to the insurance sector.
Even the global accountancy firms, most of whom have large teams helping the financial industry comply with anti-money laundering
requirements, are surprisingly silent when asked what mathematical models exist to test whether anti-money laundering
procedures are good value for money.
But it is clear that progress still needs to be made, at a time when there has never been greater pressure on financial institutions to ensure their anti-money laundering
controls are fit for purpose.
Fortent said the purchase "significantly expands (our) platform of risk and compliance products and services, creating a comprehensive suite of technology, training, and information services for financial institutions and government agencies worldwide." AGM's web sites, moneylaundering.com and the Spanish-language site, Lavadodinero.com, provide daily news and analysis of anti-money laundering
regulations and reference information on money laundering laws, regulations, international developments and government action.