Ofta to give advisers anti-money laundering training

In its fight against money laundering and increase investor protection, new measures have been introduced by the Offshore Financial Trade Association (Ofta) to give companies and intermediaries more training in issues concerning the international marketplace. According to Stephen Kerbel, director-general of Ofta, intermediaries are potentially vulnerable for litigation if money-laundering regulations are not followed properly, hence the scheme being introduced. Ofta has now introduced a procedural manual on money laundering to help companies, especially smaller ones, who do not have the f...