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AMLCFT (other)
AMLCFT or AML-CFT may refer to: Most common meaning * Anti Money Laundering and Counter-Financing of Terrorism * Anti Money Laundering and Combating the Financing of Terrorism AMLCFT state offices, regulations * Anti-money laundering office of the Philippines * Anti-Money Laundering Office (Thailand) * AMLCFT regulation in the United States * US Anti-money laundering program ( Patriot Act, Title III, Subtitle B Sec.352) * Russian Federal Financial Monitoring Service ("Rosfinmonitoring") * Australian Transaction Reports and Analysis Centre or AUSTRAC, Australian government agency, Australia's anti-money laundering and counter-terrorism financing regulator * Hong Kong national security law, Hong Kong (SAR) International institutions, associations, and coordinations * Asia/Pacific Group on Money Laundering * Moneyval, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, a monitoring body of the Council of Europe * Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong National Security Law
The Hong Kong national security law, officially the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region, is a piece of national security legislation concerning Hong Kong. It was passed on 30 June 2020 by the Standing Committee of the National People's Congress as a means of resolving the anti-extradition bill protests instigated by a bill proposed in 2019 to enable extradition to other territories including the mainland, and came into force the same day. Among others, the national security law established four particular crimes of secession, subversion, terrorism, and collusion with foreign organisations; any open speech, verbal promotion or intention of Hong Kong's secession from China is considered a crime as well. The implementation of the law entitles authorities to surveil, detain, and search persons suspected under its provisions and to require publishers, hosting services, and internet service prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Certified Anti-Money Laundering Specialists
The Association of Certified Anti-Money Laundering Specialists (ACAMS) is an organization that provides training and certification, runs conferences and disseminates information on detection and prevention of money laundering. ACAMS was founded by Alert Global Media, owned by Charles Intriago, and formally launched in February 2002. Charles and his wife, Joy, grew the organization to over 6,500 members by 2007 and established the CAMS designation for anti-money laundering (AML) professionals. ACAMS is part of the financial services segment of Adtalem Global Education (formerly DeVry Education Group), which purchased it in 2016 from Warburg Pincus for $330 million from Warburg Pincus. In August 2021, Adtalem announced it would explore strategic alternatives for this unit. Locations Although based in the United States, ACAMS has an international reach with 10,000 members at the end of 2009 and a strong presence in Europe, Latin America and a growing presence in Asia. In January 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inter-Governmental Action Group Against Money Laundering In West Africa
Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) is a specialised institution of the Economic Community of West African States responsible for facilitating the adoption and implementation of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in West Africa. It is also the FATF Style Regional Body (FSRB) in West Africa and works with states in the region to ensure compliance with international AML/CFT standards. GIABA was established in 2000 and has its headquarters in Dakar, Senegal. GIABA consists of 17 member states. GIABA Members The members of GIABA as of August 2021 are: * Republic of Benin * Union of Comoros * Burkina Faso * Republic of Cape Verde * Republic of Côte d'Ivoire * Republic of The Gambia * Republic of Ghana * Republic of Guinea * Guinea-Bissau * Republic of Liberia * Republic of Mali * Republic of Niger * Federal Republic of Nigeria * São Tomé and Príncipe * Republic of Senegal * Republic of Sierra Leone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Action Task Force On Money Laundering
The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, ''Groupe d'action financière'' (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and to maintain certain interest. In 2001, its mandate was expanded to include terrorism financing. The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF is a "policy-making body" that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. FATF monitors progress in implementing its Recommendations through "peer reviews" ("mutual evaluations") of member countries. Since 2000, FATF has maintained the FATF blacklist (formally called the "Call for actio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Europe
The Council of Europe (CoE; french: Conseil de l'Europe, ) is an international organisation founded in the wake of World War II to uphold European Convention on Human Rights, human rights, democracy and the Law in Europe, rule of law in Europe. Founded in 1949, it has 46 member states, with a population of approximately 675 million; it operates with an annual budget of approximately 500 million euros. The organisation is distinct from the European Union (EU), although it is sometimes confused with it, partly because the EU has adopted the original Flag of Europe, European flag, created for the Council of Europe in 1955, as well as the Anthem of Europe, European anthem. No country has ever joined the EU without first belonging to the Council of Europe. The Council of Europe is an official United Nations General Assembly observers, United Nations Observer. Being an international organization, the Council of Europe cannot make laws, but it does have the ability to push for the enf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moneyval
Moneyval is the common and official name of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. Moneyval is a monitoring body of the Council of Europe, The task of Moneyval is assessing compliance with the principal international standards to counter money laundering and the financing of terrorism and the effectiveness of their implementation, as well as making recommendations to national authorities in respect of necessary improvements to their systems. History In 1997, the Council of Europe established the "Select Committee of Experts on the Evaluation of Anti-Money Laundering Measures", carrying the official abbreviation of PC-R-EV, as a sub-committee of the European Committee on Crime Problems (CDPC, for ''Comité Européen pour les Problèmes Criminels''). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asia/Pacific Group On Money Laundering
The Asia/Pacific Group on Money Laundering (APG) is a FATF style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (AML), the financing of terrorism (CTF) and financing the proliferation of weapons of mass destruction. APG was founded in 1997 in Bangkok, Thailand, and currently consists of 41 member jurisdictions in the Asia-Pacific region and a number of observer jurisdictions and international/regional observer organisations. The year 2022 marked the 25th anniversary of the formal establishment of APG. The annual meeting in July 2022 was convened in Kuala Lumpur, Malaysia. Jurisdictions that join the APG, either as members or as observers, commit to effectively implement, in law and regulation, the 40 Recommendations of the Financial Action Task Force (FATF). These standards were substantially updated in 2012 and were supplemented by a complex assessment method ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrorism Financing
Terrorism financing is the provision of funds or providing financial support to individual terrorists or non-state actors. Most countries have implemented measures to counter terrorism financing (CTF) often as part of their money laundering laws. Some countries and multinational organisations have created a list of organisations that they regard as terrorist organisations, though there is no consistency as to which organisations are designated as being terrorist by each country. The Financial Action Task Force on Money Laundering (FATF) has made recommendations to members relating to CTF. It has created a Blacklist and Greylist of countries that have not taken adequate CTF action. As of 24 October 2019, the FATF blacklist (Call for action nations) only listed two countries for terrorism financing: North Korea and Iran; while the FATF greylist (Other monitored jurisdictions) had 12 countries: Pakistan (see Pakistan and state-sponsored terrorism), Bahamas, Botswana, Cambodia, G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Federal Financial Monitoring Service
The Federal Financial Monitoring Service of the Russian Federation (russian: Федеральная служба по финансовому мониторингу; Росфинмониторинг) (known as Rosfinmonitoring) is a Federal Service that was created by a decree of President Vladimir Putin of November 1, 2001, and aimed to collect and analyze information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes. The organization also provides lists of people accused of terrorist or "extremist" activities and books. by RFE/RL. From November 1, 2001, to March 9, 2004, it was called Financial Monitoring Committee (russian: Комитет по ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patriot Act
The USA PATRIOT Act (commonly known as the Patriot Act) was a landmark Act of the United States Congress, signed into law by President George W. Bush. The formal name of the statute is the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, and the commonly used short name is a contrived acronym that is embedded in the name set forth in the statute. The Patriot Act was enacted following the September 11 attacks and the 2001 anthrax attacks with the stated goal of tightening U.S. national security, particularly as it related to foreign terrorism. In general, the act included three main provisions: * expanded surveillance abilities of law enforcement, including by tapping domestic and international phones; * easier interagency communication to allow federal agencies to more effectively use all available resources in counterterrorism efforts; and * increased penalties for terrorism crimes and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
