AML/CFT Utilities: The Possibilities, Perils, and Pitfalls—A Pacific Perspective Read more about AML/CFT Utilities: The Possibilities, Perils, and Pitfalls—A Pacific Perspective 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.
Nikos Passas Keywords corruption illicit financial/trade flows sanctions informal fund transfers remittances terrorism white-collar crime Read more about Nikos Passas Nikos Passas is professor of criminology and criminal justice at Northeastern University, and co-director of the Institute for Security and Public Policy.