Century Maxim: Webinar On 'Anti-Money Laundering: Evolution in the Regime' [January 15, 2022]
Money laundering and other related crimes sabotage the stability and integrity of the financial sector as well as the overall economy of a nation. The recent years has seen a significant increase in reserve capital requirements, alarming concerns around Money Laundering and Finance of Terrorism. Anti-Money Laundering enforcement agencies owing to the increased cases of Money Laundering...
Money laundering and other related crimes sabotage the stability and integrity of the financial sector as well as the overall economy of a nation. The recent years has seen a significant increase in reserve capital requirements, alarming concerns around Money Laundering and Finance of Terrorism. Anti-Money Laundering enforcement agencies owing to the increased cases of Money Laundering have adopted a watertight approach to curb such a practice. Not just the organizations need to monitor customers' transactions, client activities and report on suspicious financial activity through Know Your Customer (KYC) practice, even the beneficiaries receiving benefits unknowingly must comply with regulations of AML.
Century Maxim organizing an informative webinar discussing the Anti-Money Laundering laws of various jurisdictions, the compliance requirements, KYC and legal action on beneficiary of proceeds of crime.