#fraud #compliance #aml
Trade-Based Money Laundering
This video, in collaboration with Arab Bank (Switzerland) Lebanon S.A.L. summarizes the concept of Trade-Based Money Laundering and shows its most common techniques.
#compliance #aml #amlcompliance #marijosamneh #inanutshellbymj
Cross Border – New Collaboration
I am proud to announce my collaboration with Indigita SA a leading Swiss regulatory technology company, that is using the power of digitization to help Financial Institutions apply the relevant rules and provide them with guidance.
Ingigita’s e-Learning solutions is an easy tool containing cross border and compliance training.
#inanutshellbymj #collaboration #marijosamneh #compliance #crossborder
September 26 is Compliance Officers’ Day
Therefore it is the line of defense protecting both Customers and the Institution.
Tax Identification Number – In a Nutshell
#tax #tin #bankingindustry #inanutshellbymj #marijosamneh
explanatory note on the three types of sanctions
Three Type of Sanctions – In a Nutshell
Comprehensive Sanctions: These types of sanctions are usually applied to countries.
They prohibit institutions from dealing with certain countries, however, some exceptions concerning humanitarian aid may take place.
Sectoral Sanctions: Under this type of sanction, dealing with a country in a specific sector is prohibited, i.e. energy, petroleum, arms, etc.
However, it is permissible to deal with the targeted state in other sectors.
Targeted Sanctions: This type of sanction usually applies to individuals, entities, and groups, due to committing acts related to Money Laundering or Terrorism Financing.
The OFAC – In a Nutshell
CBI & RBI – In a Nutshell
“Citizenship by Investment” (CBI) and “Residence by Investment” (RBI) schemes are offered by a number of jurisdictions to foreign individuals wishing to obtain a citizenship or residence on the basis of local investments or against a flat fee.
CBI/RBI can be misused to undermine the Common Reporting Standard (CRS).
This occurs when a customer claims to be resident for tax purposes of the CBI/RBI jurisdiction to a Bank, instead of his/her real jurisdiction.
He/she can provide the Bank with supporting documentation issued under the CBI/RBI scheme, such as “certificate of residence”, or “passport”.
#compliance #bankingindustry #crs #inanutshellbymj #marijosamneh
Call Recording – In a Nutshell
Why Organizations record their calls?
Which Departments must record their calls?
What are the rules to abide by when recording the calls?
Are questions answered in this video
#bankingindustry #compliance #humanresouces #inanutshellbymj #marijosamneh