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Louis Parris

Compliance Consultant — AML/CFT/CPF Audits, Enterprise Risk Assessments, Internal Audits & Compliance Training
Classical columned government building facade — regulators worldwide are being tested on whether their AML/CFT systems work in practice, not just on paper
· 6 min

Lessons for Regulators from Global AML Reviews

As Barbados prepares for its next FATF evaluation, recent reviews of Malaysia, Kuwait and Belgium offer a preview of what assessors look for beyond the law books — from weak links among DNFBPs to the elusive search for true beneficial ownership.

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Two business colleagues shaking hands across an office desk — cooperation between regulated businesses and regulators
· 4 min

Cooperation – Turning Compliance into Partnership

An effective AML/CFT/CPF system does not operate in silos — it depends on strong cooperation between businesses and regulators. From structured public-private dialogue in Malaysia to feedback loops in Belgium, here is what that partnership looks like when it works.

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Looking up at layered glass skyscrapers from street level — corporate structures stacked one above another
· 4 min

Who Really Owns the Company?

In the fight against financial crime, one question continues to cause difficulty worldwide: who really owns and controls a business? Despite reforms, beneficial ownership remains a weak point in many countries — and criminals know it. From multi-layered corporate structures to real estate bought through nominees, here are the typologies FATF keeps finding.

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Person reviewing documents with a magnifying glass — assessing the quality of suspicious transaction reports
· 4 min

Good Suspicious Reports Crucial

At the heart of every effective AML/CFT/CPF system lies one critical function: the ability to detect and report suspicious activity. Across multiple countries, FATF has found that reports are often of poor quality, delayed, or simply absent from entire sectors. Here is what separates a useful suspicious transaction report from one that leaves investigators reconstructing the basic facts themselves.

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Analytics charts and data on a laptop screen — assessing and monitoring AML/CFT/CPF risk in practice
· 5 min

Effective Management of AML/CFT/CPF Risks

Recent evaluations of Malaysia, Belgium and Kuwait show that many businesses believed they understood their risks — until assessors dug deeper and found generic, disconnected risk assessments that staff couldn't even explain. Here are the key gaps FATF keeps finding, and what effective practice actually looks like.

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Passport and identification documents laid out for verification — customer due diligence beyond paperwork
· 5 min

Customer Due Diligence – More Than Collecting Documents

For many businesses, customer due diligence has long been treated as a box-ticking exercise. FATF disagrees. From poor risk differentiation to weak beneficial ownership checks, here are the gaps assessors keep finding — and the practices that turn CDD into a genuine risk tool.

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Notebook, pen and coffee laid out on a desk — preparing documentation ahead of Barbados's FATF Mutual Evaluation Report
· 4 min

Barbados Prepares for Financial Test

The upcoming Mutual Evaluation Report will look nothing like the last one. Where previous reviews checked whether policies existed on paper, FATF assessors are now asking a harder question: do those policies produce evidenced, measurable results? Here is what regulated businesses in Barbados need to start showing now.

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