28/11/2016
Common warning signs There exist certain features in trade finance transactions which may provide a warning sign that a problem should be noticed or dealt with...
25/11/2016
The FATF is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions...
21/11/2016
Definition of Terrorist Financing: Terrorist financing involves the solicitation, collection or provision of funds with the intention that they may be used to support terrorist acts or organisations...
18/11/2016
Definition of Money Laundering: Any act, or attempted act, to conceal or disguise the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources...
15/11/2016
When opening new client accounts, banks need to examine the intrinsic nature of the business and assess the risks involved...
02/11/2016
Shipping documents A reference to certain data being required to appear on "all shipping documents" will exclude drafts, teletransmission reports and courier receipts, postal receipts or certificates of posting evidencing the sending of documents...