AML/CFT Utilities: The Possibilities, Perils, and Pitfalls—A Pacific Perspective

Event: Pacific AML/CFT Webinar Series

AML/CFT Utilities: The Possibilities, Perils, and Pitfalls—A Pacific Perspective

10 December 2020

Author / Speaker:

Nathan Lynch, Thomson Reuters - Other materials by the author

Money laundering (ML) and terrorism financing (TF) are priority issues for banks in the Pacific, which shoulder the risks and high costs associated with ML and TF. This presentation gives an overview of the banks’ process in onboarding new customers and offers a different Know Your Customer (KYC) approach. It also shares the commitments made by banks in the South Pacific to set a regional KYC framework.

Geographical Focus:

Australia

Cook Islands

Papua New Guinea

Singapore

Type of Content:

Learning Event

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