E-learning The Anti-Money Laundering and Counter-Terrorist Financing Act

The Anti-Money Laundering and Counter Anti-Terrorism Financing Act (Wwft) entails, among other things, a tightening of client due diligence and a significant increase in the requirements for audit and accounting firms. More attention to unusual transaction patterns, new technologies, and high-risk transactions is required. The firm is expected to conduct an internal risk assessment. The Wwft and PCAOB legislation differ in their reporting criteria. While the Wwft mandates reporting when a transaction is deemed unusual, the PCAOB expects reporting only when a transaction is considered suspicious. This distinction also needs a different perspective from you. This e-learning session focuses on the requirements of the Wwft and ensuring correct implementation.