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    Annex C7

    Uploaded by

    Umer Mirza
    The document outlines the scope of work for a Financial Monitoring Unit. The unit is responsible for receiving, analyzing, and disseminating suspicious transaction reports, maintaining a database of such reports, coordinating with banks on anti-money laundering standards, developing anti-money laundering strategies and policies, and educating reporting entities to detect suspicious transactions and combat money laundering and terrorist financing.

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    Annex C7

    Uploaded by

    Umer Mirza
    17 views1 page
    The document outlines the scope of work for a Financial Monitoring Unit. The unit is responsible for receiving, analyzing, and disseminating suspicious transaction reports, maintaining a database of such reports, coordinating with banks on anti-money laundering standards, developing anti-money laundering strategies and policies, and educating reporting entities to detect suspicious transactions and combat money laundering and terrorist financing.

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    Annex_C7

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    The document outlines the scope of work for a Financial Monitoring Unit. The unit is responsible for receiving, analyzing, and disseminating suspicious transaction reports, maintaining a database of such reports, coordinating with banks on anti-money laundering standards, developing anti-money laundering strategies and policies, and educating reporting entities to detect suspicious transactions and combat money laundering and terrorist financing.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    17 views1 page

    Annex C7

    Uploaded by

    Umer Mirza
    The document outlines the scope of work for a Financial Monitoring Unit. The unit is responsible for receiving, analyzing, and disseminating suspicious transaction reports, maintaining a database of such reports, coordinating with banks on anti-money laundering standards, developing anti-money laundering strategies and policies, and educating reporting entities to detect suspicious transactions and combat money laundering and terrorist financing.

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    Annexure - A

    SCOPE OF WORK - FINANCIAL MONITORING UNIT

    • Receive, analyze and disseminate Suspicious Transactions.

    • Maintain database of Suspicious Transactions.

    • Coordinate with banks / DFIs on implementation of AML standards

    • Develop strategies and formulate policies to combat money laundering


    and terrorist financing.

    • Educate reporting entities in detections of Suspicious Transactions and to


    provide them typologies reports based on money laundering / terrorist
    financing methods & trends.

    • Establish and maintain working relationship with domestic law


    enforcement agencies, supervisory and regulatory bodies, reporting
    entities, etc.

    • Assist reporting entities and law enforcement agencies in formulation of


    training programmes.

    • Interact with stakeholders on AML issues.

    • Create awareness amongst public at large on money laundering / terrorist


    financing issues.

    ******************

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