What is the AMLCO required to conduct checks on the names of customer against the 1267 consolidated list database?
Checks should be conducted during CDD process. AMLCOs should also be aware that the 1267 Consolidated List database is updated regularly by the United Nations Security Council (UNSC). The AMLCO should maintain a database of all updates it receives from...
What is the ideal internal STR Procedure?
All suspicious transactions, should be brought to the AMLCO who will then submit the STR to the Financial Intelligence Agency. The organisation must have proper controls to mitigate the risk of leakage of information and must be subject to the...
The 7th edition of the Africa Congress of Accountants
Dear Esteemed Member, This serves as a reminder that the 7th edition of the Africa Congress of Accountants will be held in Abidjan, Côte d’Ivoire from 15-18 May 2023. The event will gather 2,000 professional accountants from more than 65...
