London Governance & Compliance Academy
What is Customer Due Diligence? Customer Due Diligence (CDD) represents a foundational step for financial institutions in understanding and verifying the identities of their customers or potential customers. Rooted in regulatory imperatives such as anti-money laundering (AML) measures and Know Your Customer (KYC) directives, CDD serves as a mechanism to unearth and assess any […]
Introduced in 2007, the Markets in Financial Instruments Directive (MiFID) was an instrumental piece of European Union (EU) legislation, with its primary objective to ensure a robust level of investor protection across the entire European Economic Area (EEA). This directive emphasised the fiduciary duties of financial firms by stipulating an obligation to achieve the best […]
SOUTH AMERICA In South America, the landscape of financial crime is complex, and money laundering constitutes a significant part of this problem. The Global Financial Integrity’s report in 2021 estimated that the illicit financial flows from developing countries, which include a substantial number from South America, amount to approximately $1 trillion annually. High-profile […]
