What is an FIU and Why is Important in the Fight Against Financial Crime Global financial crimes continue to exist and support other illicit activities, including money laundering, terrorism financing, human trafficking as well as tax evasion. The role of the FIU in the fight against these crimes is immense since this institution is independent […]

Financial Institutions’ Role in Anti-Money Laundering and Emerging Trends in AML for 2024 and Beyond Money laundering poses a grave risk to financial institutions and the broader economy, often tied to other illicit activities such as drug trafficking, fraud, and terrorism. The Anti-Money Laundering (AML) responsibilities of financial institutions have become essential in the fight […]

What is Anti-Money Laundering (AML)? A Beginner’s Guide Money laundering is among the most rampant financial crimes practiced globally. It means the process by which the ‘berrst’ money, derived from criminal activities, is changed into what is otherwise known as ‘clean’ money, that is, money that can be seen to have originated from legal operations. […]