Diamond dealers amongst traders worst hit by unwarranted AML/CFT de-risking says EBA
Diamond dealers, car traders, hairdressers and coffee shops are amongst businesses worst affected by financial institutions de-risking due to anti-money laundering and counter financing of terrorism (AML/CFT) rules according to a report published by the European Banking Authority (EBA). The EBA report on de-risking and…
Single window customs portal expected to curb TBML in Pakistan says former finance minister
Pakistan’s new national single window customs portal, which allows traders to submit and access all relevant documents relating to a trade via a single electronic gateway, is expected to curb trade-based money laundering (TBML) according to a former finance minister. Shaukat Tarin, who is now…
