Why your AML Software should be as unique as your business
A Tick-box vs a risk-based approach. While sector-specific AML guidelines provide a general framework for the prevention of money laundering activities, businesses must develop specific policies and internal procedures if they want to ensure compliance in the long-term.
AML Compliance challenges when operating in a multi-jurisdictional environment
Back to Blog What’s Included Affinity Group is a multi-jurisdictional Corporate Service Provider with offices in the Isle of Man, Malta, Cayman Islands, and Florida in the USA. They serve customers in various sectors including yachting, aviation, fintech, eGaming and private wealth. Recently, Affinity Group became an InScope-AML customer and we reached out to Rachael […]
Monaco and Venezuela added to FATF Grey List
Back to Blog What’s Included Following today’s conclusion of its June 2024 plenary session, the FATF has updated the list of jurisdictions under increased monitoring. The changes to the list include the addition of Monaco and Venezuela to the grey list and the removal of Jamaica and Türkiye. Background Information In our article on the […]
Version 8.15
Version 8.15 includes new features mainly a new ID document type, updated user permissions, additional reporting columns in segments and reports, new Self Service Portal log-in settings, a few minor changes and bug fixes.
Version 8.14
Version 8.14 mainly includes updated features related to InScope-AML’s reporting capabilities, updates related to this year’s Malta REQ requisites, a few minor changes and bug fixes.
Kenya and Namibia added to FATF Grey List
Kenya and Namibia were added to the Financial Action Task Force’s (FATF) list of Jurisdictions under Increased Monitoring, also known as the FATF grey list. Barbados, Gibraltar, Uganda and United Arab Emirates were taken off the list.
Finco Trust – Client Testimonial
With InScope-AML we are now able to obtain the information we need to compile a large part of the FIAU REQ simply by accessing the solution’s report section.
Version 8.13
Version 8.13 mainly includes performance enhancements to the Custom Fields screen, some minor changes related to structure charts, logo changes to the email notifications and the introduction of Google’s OAuth for emails and a few bug fixes.
Ten Steps to a Stress-free FIAU REQ 2024
With proper planning in advance, the process of completing and filling in the REQ can be without stress.
Bulgaria added to FATF Grey List; Panama/Cayman Islands Removed
Bulgaria was added to the Financial Action Task Force’s (FATF) list of Jurisdictions under Increased Monitoring, also known as the FATF grey list. Panama, Cayman Islands, Albania and Jordan were taken off the list.