Finance - Anti Money Laundering / Counter Financing Terrorism, ICA, Assignment, Malaysia

Question 1

Outline the meaning of the terms identification and verification as a part of CDD. Explain, with examples, how a lack of comprehensive documentation of customer information may affect other AML/CFT controls and the inability to identify and mitigate potential money laundering/terrorism financing risks effectively.

Question 2

Illustrate with examples the different types of PEPs as defined by the FATF. What are the risks associated with PEPs and what steps firms should take in order to effectively mitigate such risks?

Question 3

Define the term ‘red flag’ and provide three examples of red flags in the sector of your choice. Explain why each is a potential indicator of ML/TF. Further explain why employees are in a good position to help detect red flags for a more efficient AML/CFT programme. You may include examples in your response.

Question 4

The FATF is the global money laundering and terrorist financing watchdog, and in performing its role, it must act quickly and pragmatically. For example, on 16th November 2023, it issued a report “Best Practices on Combating the Abuse of Non-Profit Organisation”.

https://www.fatf-gafi.org/en/publications/Financialinclusionandnpoissues/Bpp-combating-abuse-npo.html

Get Solved Your Assignment( variable) and Earn A+ Grade!

Hire Expert Now!

Get Help By Expert

Are you facing problemes with your Finance - Anti Money Laundering / Counter Financing Terrorism, ICA Assignment? Our assignment helper Malaysia service is here to help. Whether you need help with finance assignments or a homework writing helper online, our malaysian expert team delivers 100% original content and meets deadlines. With extensive experience and a proven track record, we’re ready to assist with your ICA Certification in AML/CFT Assessment Two - 2024. Let us make your coursework easier and more successful.

Answer

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions

100% Original Work

24*7 Online Assistance

Native PhD Experts

Hire a Writer Now

Assignment Writing Services

Instant Help Services

University Writing Service

Finance – Anti Money Laundering / Counter Financing Terrorism, Assignment, ICA, Malaysia

International Compliance Association (ICA)

Individual Assignment

Finance - Anti Money Laundering / Counter Financing Terrorism

09/12/2024

Get Solved Your Assignment( variable) and Earn A+ Grade!

Get Help By Expert

Recommended Assignments for You

Related University Assignments

Convincing Features

Get these features included in Your Assignment