Financial Action Task Force

AML / KYC

FATF Publishes Mutual Evaluation Report on India

By Manesh Samtani | 20/09/2024

The report says India is achieving good results, but that it needs to address domestic PEPs, risks in the NPO sector, and a backlog of court cases.

Fintech / Regtech

Global Data Sharing Standards Needed to Combat Financial Crime

By Thisanka Siripala | 18/09/2024

The GCFFC has published a paper calling for the development of legal pathways for cross-border data sharing for the purpose of combatting financial crime.

AML / KYC

Australia Introduces AML/CTF Reform Bill to Parliament

By Sanday Chongo Kabange | 11/09/2024

The amendment bill will bring tranche 2 entities into scope and modernise the regulation of virtual assets and payments tech.

AML / KYC

New Zealand to Introduce AML Amendment Bill in November

By Sanday Chongo Kabange | 03/09/2024

A new cabinet paper sets out 25 proposals for further amendments to New Zealand’s AML/CFT Act.

AML / KYC

All Eyes Are on Singapore and its Fight Against Dirty Money

By Tom Keatinge | 22/08/2024

For the past two years, Singapore has led the global fight against dirty money. It’s now time for it to focus on the home front again, says Tom Keatinge.

AML / KYC

FATF Calls on India to Enhance Scrutiny of Domestic PEPs – Report

By Ajoy K Das | 12/08/2024

The FATF calls for tighter account opening scrutiny for domestic PEPs and their families, and more rigorous monitoring of their bank accounts.

AML / KYC

Cayman Islands: New Beneficial Ownership Regime Commences

By Editors | 09/08/2024

Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.

AML / KYC

Singapore Parliament Passes Bill to Strengthen AML Regime

By Nithya Subramanian | 07/08/2024

The amendment bill will enable STRO to access more intelligence from government agencies and make it easier for prosecutors to pursue cases.

AML / KYC

Regulating GenAI: New Tools, Old Challenges

By Bradley Maclean | 30/07/2024

Striking the right balance between automation and human expertise is vital to ensure the effective use of GenAI technology.