The Capital Markets and Securities sector faces challenges, including banking contagion and unstable market conditions.
Following the 2017 Deutsche Bank scandal that shed a
spotlight on the use of mirror trades to launder billions of dollars out of Russia, standard setters and regulators worldwide have taken significant steps to protect their securities sectors, issuing new rules and guidance in sync with emerging ML/TF trends.
While firms in this sector tend to interact with regulated counterparties, AML/CFT risks remain. In this regulatory context, this guide will:
- Explore AML policies and procedures Capital Markets and Securities firms should follow, including specific regulatory guidance from MAS, AUSTRAC, and HKMA.
- Highlight a range of practical factors compliance teams can use to identify potentially suspicious behavior.
- Demonstrate what ‘good’ looks like with an interactive tool to help firms benchmark their customer onboarding and customer screening and monitoring performance.
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Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.
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