Category: AML TIPS

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...

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...