As we come to the end of our AML series, we would like to discuss two final areas: Wire Transfers and Non-Profit Organisations. …
Registrants must report large cash transactions and retain records on wire transfers regardless of whether any potential criminal activity is suspected or not. Section 34 of the Proceeds of Crime Act (“POCA”) states that the information accompanying a domestic or cross-border transfer shall consist of:
Read more here—> Other AML Areas – Wire Transfers and Non-Profit Organisations
