In the shadows of the interconnected world of international trade lies a pervasive threat that silently endangers the security of global markets. Financial crimes, with their detrimental effects on stability and integrity, cast a dark cloud over the world economy, threatening the trust upon which international trade relies. From money laundering to terrorist financing, illicit activities can have far-reaching consequences.
Amidst these challenges, organisations like the Financial Action Task Force (FATF) along with the policies of Anti-Money Laundering (AML) and Know Your Customer (KYC) have emerged as crucial lines of defence, protecting the global financial systems.
But what exactly is the role of FATF and AML/KYC in combating these crimes? How do they contribute to the reliability and transparency of international trade?
In partnership with the ICC UAE’s annual conference, TFG’s Editor, Deepesh Patel, had an insightful discussion with Mohammed Daoud, Director and Industry Practice Lead at Moody's to understand the role of FATF and KYC/AML in the relentless fight against financial crimes.
Read the interview here: www.tradefinan...