Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
regulatory framework
|
| gptkbp:aimsTo |
prevent money laundering
|
| gptkbp:appliesTo |
banks
financial institutions insurance companies cryptocurrency exchanges |
| gptkbp:enforcedBy |
gptkb:European_Union
gptkb:Financial_Crimes_Enforcement_Network_(FinCEN) gptkb:Financial_Action_Task_Force_(FATF) national regulators |
| gptkbp:establishedBy |
gptkb:FATF_Recommendations
Bank Secrecy Act (USA) EU AML Directives |
| gptkbp:globalStandardSetBy |
gptkb:Financial_Action_Task_Force_(FATF)
|
| https://www.w3.org/2000/01/rdf-schema#label |
AML (Anti-Money Laundering)
|
| gptkbp:includes |
risk assessment
internal controls independent audit |
| gptkbp:introducedIn |
1970s
|
| gptkbp:penalty |
gptkb:crime
fines reputational damage loss of license |
| gptkbp:protectedBy |
gptkb:fraud
corruption money laundering terrorist financing |
| gptkbp:relatedTo |
gptkb:KYC_(Know_Your_Customer)
compliance counter-terrorism financing |
| gptkbp:requires |
record keeping
employee training identification of beneficial owners ongoing monitoring customer due diligence suspicious activity reporting screening against sanctions lists enhanced due diligence for high-risk customers reporting large transactions |
| gptkbp:updated |
EU 5th AML Directive
EU 6th AML Directive Patriot Act (USA) |
| gptkbp:usedIn |
gptkb:government
real estate securities industry cryptocurrency industry gambling industry |
| gptkbp:bfsParent |
gptkb:RegTech
|
| gptkbp:bfsLayer |
5
|