Statements (49)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Regulatory Framework
|
| gptkbp:abbreviation |
gptkb:AML
|
| gptkbp:aimsTo |
prevent money laundering
|
| gptkbp:appliesTo |
casinos
banks financial institutions insurance companies real estate businesses |
| gptkbp:enforcedBy |
gptkb:Financial_Action_Task_Force
national regulators |
| gptkbp:establishedBy |
gptkb:Bank_Secrecy_Act
gptkb:EU_Anti-Money_Laundering_Directives gptkb:Financial_Action_Task_Force_Recommendations |
| gptkbp:firstLawsEnacted |
1970s
|
| gptkbp:globalStandardSetBy |
gptkb:Financial_Action_Task_Force
|
| https://www.w3.org/2000/01/rdf-schema#label |
Anti-Money Laundering
|
| gptkbp:importantFor |
combating organized crime
preventing terrorist financing protecting financial system integrity |
| gptkbp:includes |
record keeping
employee training customer due diligence suspicious activity reporting |
| gptkbp:monitors |
regulatory authorities
external auditors internal compliance departments |
| gptkbp:penalty |
gptkb:crime
fines loss of license |
| gptkbp:relatedTo |
gptkb:Know_Your_Customer
gptkb:Counter-Terrorism_Financing |
| gptkbp:requires |
risk assessment
internal controls independent audit ongoing monitoring enhanced due diligence for high-risk clients identifying beneficial ownership periodic review of customer accounts politically exposed person screening reporting large cash transactions reporting suspicious transactions to authorities screening against sanctions lists maintaining transaction records for at least 5 years |
| gptkbp:subjectOf |
gptkb:treaty
industry best practices regulatory guidance national legislation |
| gptkbp:bfsParent |
gptkb:AML
|
| gptkbp:bfsLayer |
5
|