Financial Action Task Force

AML / KYC

FATF Calls for Urgent Action to Regulate Gatekeeper Professions

By Manesh Samtani | 11/07/2024

Australia, China, the US, and South Korea scored the lowest on compliance with the FATF’s corruption prevention standards.

AML / KYC

Global Implementation of AML Measures for Crypto “Still Lagging”

By Manesh Samtani | 10/07/2024

The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

By Editors | 05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

AML / KYC

Mexico’s Elisa de Anda Madrazo Assumes FATF Presidency

By Manesh Samtani | 04/07/2024

Elisa De Anda Madrazo will serve as FATF President from July 2024 to June 2026, taking over from T. Raja Kumar of Singapore.

AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

By Editors | 04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

AML / KYC

Singapore Introduces New Anti-Money Laundering Bill

By Nithya Subramanian | 04/07/2024

The new Anti-Money Laundering and Other Matters Bill aims to make it easier to prosecute money laundering cases and tightens casino rules.

AML / KYC

Thai Regulators Ask Banks to “Strictly” Adhere to AML Law

By Nithya Subramanian | 03/07/2024

The Bank of Thailand and AMLO have asked financial institutions to follow enhanced due diligence procedures for both customers and their transactions.

AML / KYC

Singapore Releases Two Reports Tackling Terrorism Financing

By Nithya Subramanian | 02/07/2024

The updated TF National Risk Assessment found that money remittances remain High-Risk, while the refreshed strategy for CFT calls for robust regulatory regimes.

AML / KYC

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.