AML / KYC

    AML / KYC

    Pakistan Issues Consolidated List of Sanctioned Individuals, Entities

    By Editors | 23/08/2020

    The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.

    AML / KYC

    Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

    By Editors | 22/08/2020

    The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.

    AML / KYC

    ISO Sets Standard for Embedding LEIs in Digital Certificates

    By Editors | 22/08/2020

    Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

    AML / KYC

    APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020

    By Editors | 19/08/2020

    Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.

    AML / KYC

    PEPs in the Limelight: Three Components to Mitigate Risk

    By Editors | 19/08/2020

    To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

    AML / KYC

    FFIS Charts Growth of Public-Private Partnerships in New Report

    By Manesh Samtani | 19/08/2020

    Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

    AML / KYC

    WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

    By Editors | 18/08/2020

    The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

    AML / KYC

    Risk and Reward: AI Enables Active Financial Crime Risk Assessment

    By Daniel Banes | 18/08/2020

    Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.

    AML / KYC

    Pakistan Legislature Progresses Five FATF-related Bills

    By Editors | 18/08/2020

    Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.

    AML / KYC

    UN Security Council Rejects Extension of Iran Arms Embargo

    By Editors | 18/08/2020

    The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.

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