Aligning AML/CFT Program with FATF’s Grey List Updates

Businesses in the UAE are required to maintain robust and risk-based AML/CFT and CPF policies and controls.  

Our in-house AML Expert, Dipali Vora, broached upon the subject of  

• FATF Basics, such as what FATF is and its primary objectives 
  • What are FATF Grey  List and Blacklist 
  • Reasons for Grey List Updates 
• FATF Grey List Update and its Impact on Compliance Obligations​ 
• Action Items for FIs, DNFBPs and VASPs consequent to changes in the FATF Grey List in the context of the following AML, CFT and CPF Control Measures such as: 
  • Enterprise-Wide Risk Assessment (EWRA)  
  • AML/CFT/CPF Policies and Procedures 
  • Customer Due Diligence (CDD) Measures Concerning Customers or Suppliers Associated with FATF Greylisted Jurisdictions 
  • Recalibrating Configuration of AML Software Solutions 
• Challenges and Best Practices when integrating Grey List changes into the AML/CFT Program along with Practical Implementation RoadMap. 

Additionally, the webinar was packed with real-time scenario-based quizzes, engaging the audience.  

Watch the webinar recording on YouTube now and broaden your horizon regarding the essential role of FATF in combatting ML, FT, and PF risks on a global level while developing an insight into how the changes in the Grey List have a ripple effect on a business’s AML compliance obligations.