AML/CFT definition

AML/CFT means anti-money laundering and countering the financing of terrorism;
AML/CFT means anti-money laundering and countering the financing of terrorism; “Authority” means the Monetary Authority of Singapore;
AML/CFT means anti-money laundering and combatting the financing of terrorism and proliferation;

Examples of AML/CFT in a sentence

  • In January 2020, the Financial Conduct Authority ( FCA) was designated as the AML/CFT supervisor for cryptoasset businesses in the UK.

  • Despite Jersey being one of the first jurisdictions to bring virtual currency exchanges under the scope of AML/CFT legislation, and to introduce clear guidance for token issuances, the data used to determine these matters (sector Gross Value Added, average headcount, revenue, total number of beneficial owners and controllers, and total assets under management) was not systematically available for the VA sector when conducting this high-level risk overview.

  • Although the UK’s regime for cryptoasset businesses is an AML/CFT framework, registration and ongoing requirements also cover several prudential and conduct obligations.

  • Although this was a first step to bring some VA activities within the scope of AML/CFT supervision, the requirements under the amended 5AMLD are not completely aligned to the FATF Standards.

  • Without adequate oversight, the JFSC is unable to verify whether there are any deficiencies in the implementation of AML/CFT requirements by 19 The Amendment is expected to come into force by the end of March 2023.


More Definitions of AML/CFT

AML/CFT means Anti-Money Laundering and Countering Financing of Terrorism;
AML/CFT means anti-money laundering and countering the financing of terrorism; “APR” means an annual performance report;
AML/CFT means anti-money laundering and combating the financing of terrorism.
AML/CFT means Anti-money Laundering and Countering the Financing of Terrorism;
AML/CFT means Anti-Money Laundering and Combating the Financing of Terrorism
AML/CFT means Anti-Money Laundering and Countering Terrorist Financing and includes the measures required to be taken by us in accordance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010;