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How to make AML and CTF effective?

An effective anti-money laundering/counter financing of terrorism framework must address the main risk issues: it must prevent, detect and punish illegal funds entering the financial system and the funding of terrorist individuals, organizations and/or activities. Also, AML and CTF strategies converge; they aim at attacking the criminal or terrorist organization through its financial activities, and use the financial trail to identify the various components of the criminal or terrorist network. This mandates that organizations put in place mechanisms to read all financial transactions, and to detect suspicious financial transfers.

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