The SIC, Lebanon's Financial Intelligence Unit (FIU), receives, analyzes, investigates suspicious transaction reports (STRs) and ensures compliance of banks, financial institutions and other reporting entities with the AML/CFT regulations.
New Zealand--Banks are gearing up to crack down on money laundering.
The Anti-Money Laundering and Countering Financing of Terrorism Act will require all banks, from the end of next month, to have additional obligations to check customer identity and in some cases, account activity.
Some banks are already implementing the changes to ensure a smooth transition to the new requirements.
The Bankers Association says the recently foiled terrorist plot in Toronto is an example of the kind of activity the law is targeting.
The law change aims to crack down on money laundering that could be related to drug trafficking, fraud, robbery, illegal prostitution and gambling, arms trafficking, bribery and corruption.