💡What are FATF blacklists and grey lists, and why do they matter? Get the rundown in this quick overview blog post. The Financial Action Task Force (FATF) blacklist (sometimes referred to as the OECD blacklist) is a list of countries that the intragovernmental organization considers non-cooperative in the global effort

In the ever-evolving landscape of financial regulations, the Enterprise-Wide Risk Assessment (EWRA) or Overall Risk Assessment has emerged as a crucial regulatory obligation, particularly from a European Union (EU) perspective. This requirement encompasses various financial institutions, including credit institutions, payment service providers, virtual asset service providers (VASPs), licensed insurance companies,

Money laundering, fraud, and other illicit activities pose serious challenges. To combat these risks effectively, businesses must embrace a holistic approach, starting with a comprehensive Financial Crime Risk Assessment (FCRA). Yet, the real test lies not just in the assessment itself, but in the strategic decisions that follow. 1. Risk

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