Tag: intermediate
15 posts · intermediate
Section 14(1) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires every reporting person or auditor, as soon as he becomes aware of a suspicious transaction, to make a report to the FIU "promptly but not later than 5 working…
The Bank of Mauritius's guidance page Implementation of Targeted Sanctions, dated August 2026, sets out the obligations of financial institutions under the United Nations (Financial Prohibitions, Arms Embargo and Travel Ban) Sanctions Act 2019. It is specific…
A compliance framework built around periodic reviews can carry an assumption worth testing: that a customer screened clean at onboarding stays clean until their next scheduled review.
Ask a compliance team where their customers' most sensitive data lives, and the honest answer may be: "in a vendor's cloud, in another country." Names, national IDs, dates of birth, risk ratings, adverse findings — the whole due-diligence file — sitting in a…
It is tempting to treat compliance as something you buy: a subscription to a watchlist and PEP database, and the quiet assumption that a name-check against it is due diligence.
A working session with your compliance team, then a walkthrough against your own risk appetite: the lifecycle end to end, scoring weights set to your policy, and a review of the audit trail the system produces.
