News & insights

GCFFC publishes its AML Supervision Report for 23/24

Written by Insight & Partnership Team | Oct 18, 2024 10:57:46 AM

 

The report highlights key enablers and takeaways designed to improve supervisory effectiveness in AML/CTF.

The report :

  • Presents 10 key drivers identified to strengthen AML/CTF supervision, such as operational independence and ML/TF risk assessments;
  • Emphasises the adoption of a risk-based supervision and enhanced collaboration between AML supervisors and key stakeholders; and
  • Encouragement for supervisors to implement AI and data analytics to improve supervisory plans and response effectiveness.

AML/CFT supervisors and regulated entities can review the full report for actionable insights into enhancing supervisory effectiveness and combatting financial crime threats globally.