This circular offers guidance to financial institutions (FIs) in the wealth management sector on establishing the sources of wealth (SOW) of their customers. It outlines the risk principles that FIs should consider when designing policies and procedures to determine customers’ SOW in a risk-proportionate and reasonable manner.
Read the circular below
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}