Financial Action Task Force

AML / KYC

FATF Publishes Guidance on Conducting National Risk Assessments

By Editors | 08/11/2024

The guidance identifies prerequisites for a successful NRA and offers a structured approach for analysing money laundering threats, vulnerabilities, and risks.

AML / KYC

FATF Upgrades South Africa on Three Recommendations

By Editors | 07/11/2024

The FATF said South Africa has made progress in addressing most deficiencies identified in its 2021 mutual evaluation report.

AML / KYC

FATF Upgrades South Korea on R.8 in New Follow-up Report

By Editors | 31/10/2024

The report says Korea has addressed several deficiencies in its AML/CFT framework that will help prevent the abuse of NPOs.

AML / KYC

FATF Consults on Revisions to Promote Financial Inclusion

By Manesh Samtani | 31/10/2024

The proposed revisions aim to better promote financial inclusion through increased focus on proportionality and simplified measures in the risk-based approach.

AML / KYC

FATF Plenary Adds Four Countries, Removes One from Grey List

By Manesh Samtani | 27/10/2024

The FATF also revised its national ML risk assessment guidance, agreed to consult on revisions to support financial inclusion, and launched three new projects.

AML / KYC

Singapore Raises Concerns Over Surge in Scams on Telegram

By Nithya Subramanian | 23/10/2024

During the first half of 2024, the number of scam cases reported on Telegram spiked by 137%, said Singapore minister Sun Xueling.

Big Picture

FSB Reports on Progress to Enhance Cross-border Payments

By Manesh Samtani | 22/10/2024

Adoption of the LEI in cross-border payments remains a challenge. Progress toward achieving targets has been limited across wholesale, retail, and remittances.

AML / KYC

FATF Due to Consider Adding Russia to Blacklist – Reports

By Editors | 21/10/2024

Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.

AML / KYC

FATF Announces Changes to Grey-Listing Mechanism

By Manesh Samtani | 18/10/2024

The changes are expected to halve the number of lower income countries that are grey-listed in the upcoming assessment cycle.