Sanction Screening is a critical component of AML/CFT compliance. Learn about its purpose, process, and Bangladesh Bank guidelines in this comprehensive post.
Tag: CDD
Beneficial Owner (BO): A Key Element in Financial Transparency
Understand the concept of Beneficial Ownership in banking and its critical role in anti-money laundering (AML) and transparency regulations.
PEPs and IPs in Banking: Identification, Risks, and Compliance
Understand the importance of identifying Politically Exposed Persons (PEPs) and Influential Persons (IPs) in banking. Learn their risks and how banks ensure compliance through CDD and EDD.