Anti Money Laundering And Countering Terrorist Financing: Fill & Download for Free

I must say, it is a very sad day for Pakistan as,Not only the FATF Asia- Pacific Group (APG) has placed Pakistan in the blacklist today, after the conclusion its meeting in Canberra,US, UK and Canada at a UN meet slam Pakistan and China for discriminating against religious minorities.UNICEF rejected Pakistan’s request to remove Priyanka Chopra as goodwill ambassador.How many insults can a country take in one day?Coming to the question, Financial Action Task Force (FATF) is an international policy-making body that sets international anti-money laundering standards and counter-terrorist financing measures. It was formed in 1989 by the G-7.FATF and its partners such as APG (of which India is a voting member and Co- chair) review processes, systems and weaknesses on the basis of standard matrix for Anti- Money Laundering (AML) and combating the financing of terrorism (CFT)Pakistan has been under the scanner of FATF since June 2018 when it was put on the “Grey list” for the second time.Grey List countries are the countries which are considered as the safe heaven for supporting terror funding and money laundering.When a country comes in the Grey list, it faces many problems like;Economic sanctions from international institutions (IMF, World Bank, ADB etc.) and countriesProblem in getting loans from international institutions (IMF, World Bank, ADB etc.) and countriesOverall Reduction in its international tradeInternational boycottNow Grey list is a warning given to the country that it might come in Black list.Black List countries are the countries which the FATF judges to be non-cooperative in the global fight against money laundering and terror funding. It is far more severe.They have been monitoring Pakistan and have found out of 40 compliance parameters, Pakistan was Non-Compliant on 32. On 11 effectiveness parameters, Pakistan was adjudged as Low on 10.Pakistan faced an annual loss of $10 billion on the Grey List. This is a powerful blow to the already deteriorating economy of Pakistan as it may jeopardize the $6 Billion IMF loan.Pakistan now has to focus on avoiding the Black List in Oct 2019, when the 15-month timeline ends on FATF's Action Plan.

Certified Anti-Money Laundering Specialist - CAMS®)Compliance and Anti-Money Laundering and Counter Terrorist Financing Qualification Certificate CME-2CMA Advanced Qualification Examination in AML/CTFCMA Advanced Qualification Examination in ComplianceGood luck

Real estate sales that involve shell companies like limited liability companies, often known as L.L.C.s; partnerships; and other entities.A real estate transaction can be used in any one of the the stages of money laundering. For example, if an individual purchases a home and uses illegal funds as part of the down payment, this would be considered integration.Generally speaking, most money laundering activities are concentrated in the financial sectors. Therefore, banks and other financial institutions are subject to anti-money laundering/counter-terrorist financing (AML) laws and regulations, primarily the Bank Secrecy Act (BSA), and have safeguards in place to help detect and mitigate money laundering activity. But other industries, such as real estate, can also be exposed to questionable business practices and be utilized as a vehicle for money laundering activities.