The Basel AML Index is an annual ranking assessing country risk regarding money laundering/terrorism financing. It focuses on anti-money laundering and counter terrorist financing (AML/CTF) frameworks and other related factors such as financial/public transparency and judicial strength.
Jurisdiction Undertaking First Exchange of Information By 2017
Review & Reports Elements on CubeIQ AML systems operation evaluation program for Banks and Financial Institutions requiring to evaluate the configuration and setup of their AML operations.
CubeIQ and SafeNet join forces to address GDPR compliance challenges.
* SafeNet is a business unit of Gemalto B.V.
CubeIQ is launching an AML Systems operation evaluation program for Banks and Financial Institutions requiring to evaluate the configuration and setup of their AML operations
May 25th 2018 is the date that the General Data Protection Regulation (GDPR) will be set in force. Six steps for companies and organizations to achieve regulation compliance.
There is a little over a year before the General Data Protection Regulation (GDPR) applies, May 25th 2018 and the changes it will bring to the world of business are immense. Companies and Organizations addressed by the regulation that will not comply on due date will face heavy fines.
Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 addresses AML/CFT requirements for Non-Financial institutions and companies and defines which Non-Financial institutions and companies are AML/CFT Obliged Entities and therefore should implement an AML Compliance Program.
Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 defines that Customer Due Diligence – CDD is obligatory to several Non-Financial institutions and companies’ categories. CubeIQ is providing AML On-Line™ service for on-line names filtering against Specially Designated Nationals – SDN List.
The Fourth (4th) Money Laundering Directive EU/2015/849 published on June 5, 2015 continues to apply a risk-based approach to AML/CFT and enhances the required compliance measurements. Fourth (4th) Money Laundering Directive focuses on the areas that are most open to money laundering and define procedures and actions to identify, assess, understand, mitigate and manage them effectively.