According to FATF Recommendation 21, FIs & DNFBPs should put in place measures to protect the confidentiality of such staff where they have made their suspicious transaction report to appropriate units/department in good faith and sanction any staff against tipping-off that does any of the following;
Customer Due Diligence (CDD) under Recommendation 10 requires profiling and monitoring the customer appropriately in order to mitigate risks, threats and vulnerabilities throughout the relationship with the FI or DNFBP. It is the totality of what is done to establish that the customer is who he/she says he is. CDD measures are expected to be applied during the following circumstances except:
The FATF Recommendation 3 are as follows;
Which of the recommendations of FATF stated that Risk-Based Approach is the process of identifying, measuring, monitoring and mitigating risk;
Under Recommendation 39, FATF recommends that Countries should be able to execute extradition requests in relation to ML/TF without undue delay. In particular, countries should;
Under Recommendation 2, FATF recommends the following except:
Recommendation 2 of FATF is about which of the following;
One of the following is not part of FATF recommendations in relation to Confiscation and Provisional Measures under Recommendation 4 which states that Countries should have measures, including legislative measures, that enable their competent authorities to:
In accordance with FATF Recommendation 9 on FI Secrecy Laws and with reference to AML/CFT preventive measures which requires FIs & DNFBPs to adhere to AML/CFT Compliance laws, measures and reporting requirements without hiding under the veil of the laws relating to customer confidentiality requires them to report certain transactions of the customer by the FIU which include the following except;
Under Recommendation 33, FATF recommends that countries should maintain comprehensive statistics on matters relevant to the effectiveness and efficiency of their AML/CFT systems. This includes keeping statistics on the following: