There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.
The Nordic Centre was opened in collaboration with the central banks of Denmark, Iceland, Norway and Sweden.
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
Little concrete work has been done by the FATF so far to actively promote financial inclusion as part of its primary integrity mandate.
CRIF will reduce the risk data reporting burden, increase the accuracy and consistency of the information reported, and allow for more automation.
Current fallbacks are not expected to be able to function effectively upon a permanent cessation of the GBP and USD LIBOR ICE Swap Rates.
El Salvador president Nayib Bukele is inviting bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.
The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.
The task force is a joint collaboration between Etrading Software, the registration authority for the new ISO standard for DTIs, and ANNA.
KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.
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