Countering the Financing of Terrorism (CFT)

Terrorism and terrorist financing are significant problems all over the world. If the financing of terror cannot be prevented, this has big negative consequences. The financing of terrorism is the financing required by terrorists to carry out terrorist acts. Terrorists provide this funding through donations, money laundering, and drug trafficking. Terrorist funding must be prevented to end terrorism. Terror financing is mostly provided through financial systems. Financial institutions assist terrorism if the offender does not take the necessary measures. Therefore, companies aim to protect themselves from this crime by taking precautions.

Customer Due Diligence (CDD)

Customer Due Diligence (CDD) is an essential component of anti-money laundering (AML) programs implemented by companies and financial institutions. In today’s world, financial crimes such as money laundering and terrorist financing have become increasingly complex and sophisticated, posing significant risks to businesses of all sizes. As a result, implementing effective CDD procedures has become a fundamental requirement for organizations under AML liability.

Adverse Media

Adverse media refers to negative or damaging information about individuals, organizations, or entities that can pose significant risks to businesses and other institutions. Such information can include news articles, social media posts, legal filings, and other public records that indicate potential involvement in financial crimes, corruption, or other illicit activities. The ability to effectively identify, collect, and analyze adverse media data is crucial for managing reputational, legal, and regulatory risks.

Anti-Money Laundering

Anti-Money Laundering (AML) includes policies, laws, and regulations to prevent criminals’ financial crimes and illegal activity. Global and local regulators are established worldwide to prevent financial crimes, and these regulators build policies. Companies must comply with these regulations, even though compliance can be complex. As a result, financial organizations have compliance departments and buy software solutions.