AML & Financial Crime
Posts in the AML & Financial Crime category.
Bank of America's $1.2 Billion Fine: Urgent AML Lessons for Ethiopian FIs
A massive $1.2 billion fine against Bank of America highlights critical anti-money laundering failures. Ethiopian financial institutions must internalize these lessons to bolster their compliance frameworks and protect against similar risks.
Ethiopia Quietly Redefined 'Financial Institution.' Does Your AML Programme Know It?
Proclamation No. 1387/2025 broadened who counts as a financial institution under Ethiopia's AML law and what counts as reportable property. A five-point checklist for compliance teams who haven't re-read it since.
NBE Widened Its Virtual Asset Ban in July. Here's the STR Trigger Most AML Programmes Still Miss
NBE's July 2026 Public Notice on Virtual Assets, paired with August's ban on seven crypto apps, turns crypto exposure from a risk rating into a reportable pattern. What compliance teams should add to their escalation checklist.
ESAAMLG's 2026 Kigali Meetings Just Reset the AML Bar From 'Do You Have a Policy' to 'Does It Work'
ESAAMLG's 2026 Kigali meetings are themed 'From Technical Compliance to Demonstrable Outcome.' What that shift means for Ethiopian AML/CFT programmes and the evidence file worth building now.
Six Transaction Red Flags Your Frontline Staff Keep Missing — and the STR That Should Follow
ESAAMLG's mutual-evaluation cycle keeps pressure on Ethiopian reporting entities to file quality STRs. Six red flags tellers and relationship managers routinely miss, and how to turn a hunch into a defensible STR.