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AML / KYC
APG Releases First Follow-up Report on Pakistan
By Editors | 18/10/2020
The APG says Pakistan has been re-rated from ‘partially compliant’ to ‘compliant’ on Recommendation 29 and has made progress on Recommendation 1.
AML / KYC
MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions
By Manesh Samtani | 17/10/2020
A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.
AML / KYC
G7 Calls for Global Adoption of FATF Standards on VASPs
By Editors | 16/10/2020
Effective implementation of the FATF Standards, including the ‘travel rule’, is needed to combat a recent surge in ransomware attacks.
AML / KYC
HKAA Sanctions Mark Formal Warning to Global Banks
By Manesh Samtani | 15/10/2020
International financial institutions conducting ‘significant transactions’ with the ten sanctioned individuals could face secondary sanctions.
AML / KYC
Philippines Begins Roll-out of New National ID System
By Editors | 15/10/2020
PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.
AML / KYC
AUSTRAC Decides Against Afterpay Regulatory Action
By Editors | 15/10/2020
Afterpay has uplifted its AML/CTF compliance framework and financial crime function, and completed all remediation necessary to ensure compliance.
AML / KYC
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
By Manesh Samtani | 14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
AML / KYC
Bangladesh ACC Calls For Tighter KYC Rules for NBFIs
By Sanday Chongo Kabange | 14/10/2020
The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.
AML / KYC
FSB Issues Final Recommendations on Regulating Global Stablecoins
By Editors | 13/10/2020
Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.
AML / KYC
US Justice Dept Publishes Cryptocurrency Enforcement Framework
By Editors | 13/10/2020
The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.
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