{"id":4880,"date":"2024-07-31T11:16:07","date_gmt":"2024-07-31T07:16:07","guid":{"rendered":"https:\/\/www.fiumauritius.org\/fiu\/?post_type=ufaq&#038;p=4880"},"modified":"2024-07-31T11:16:09","modified_gmt":"2024-07-31T07:16:09","slug":"how-do-we-combat-money-laundering-and-terrorist-financing","status":"publish","type":"ufaq","link":"https:\/\/www.fiumauritius.org\/fiu\/?ufaq=how-do-we-combat-money-laundering-and-terrorist-financing","title":{"rendered":"How do we combat money laundering and terrorist financing?"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-distinct ewd-ufaq-category-tabs-\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='title' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='asc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq%2F4880' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-4880-e0SFQirEVl' data-post_id='4880'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-'>\n\t\t\t<span >A<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tHow do we combat money laundering and terrorist financing?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body' >\n\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategory:\n\t\n\t\tGeneral FAQs\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t\n<p>AML\/CFT counter measures range from legislation to awareness creation. AML\/CFT legislation, for example, criminalises money laundering, defines the offence and penalties and spells out the institutional or other measures put in place to combat financial crimes. AML\/CFT supervision relates to compliance with guidelines issued by regulators and other requirements such as \u2018know-your-client\u2019 and maintenance of records. The setting up of the FIU in itself is a crucial AML\/CFT measure alongside effective investigation and prosecution for offences of money laundering and terrorist financing.<\/p>\n\n\n\n<p>Other AML\/CFT measures include assets seizure or forfeiture, training, awareness-creation among the wider public and development of a strong reporting culture to the FIU to protect the financial system from abuses. By and large, AML\/CFT frameworks tend to reflect the 40 Recommendations of the Financial Action Task Force.<\/p>\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A How do we combat money laundering and terrorist financing? Category: General FAQs AML\/CFT counter measures range from legislation to awareness creation. AML\/CFT legislation, for example, criminalises money laundering, defines the offence and penalties and spells out the institutional or other measures put in place to combat financial crimes. AML\/CFT supervision relates to compliance with &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/www.fiumauritius.org\/fiu\/?ufaq=how-do-we-combat-money-laundering-and-terrorist-financing\"> <span class=\"screen-reader-text\">How do we combat money laundering and terrorist financing?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"comment_status":"closed","ping_status":"closed","template":"","ufaq-category":[50],"ufaq-tag":[],"class_list":["post-4880","ufaq","type-ufaq","status-publish","hentry","ufaq-category-general-faqs"],"_links":{"self":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/ufaq\/4880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4880"}],"wp:attachment":[{"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4880"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq-category&post=4880"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/www.fiumauritius.org\/fiu\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq-tag&post=4880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}