Financial Action Task Force

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    AML / KYC

    Japan’s AML Landscape and the Need for Effective Governance

    By Bradley Maclean | 03/06/2024

    Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

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    AML / KYC

    Singapore Publishes Environmental Crimes ML Risk Assessment

    By Nithya Subramanian | 30/05/2024

    Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.

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    AML / KYC

    A Radical Re-think on Combatting Trade Based Money Laundering

    By Kelvin Toh | 24/05/2024

    Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.

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    Fintech / Regtech

    “Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

    By Nithya Subramanian | 23/05/2024

    Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

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    AML / KYC

    FATF Publishes Updated Procedures for Mutual Evaluations

    By Editors | 17/05/2024

    FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

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    AML / KYC

    Malaysia Taking Steps to Enhance AML/CFT Regime

    By Editors | 16/05/2024

    Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

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    AML / KYC

    FATF, UNODC, INTERPOL Issue Joint Call to Action

    By Editors | 14/05/2024

    Countries are asked to step up their efforts to target the illicit profits generated by transnational organised crime.

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    Crypto / Digital Assets

    MAS Grants Major Payment License to XREX Singapore

    By Nithya Subramanian | 14/05/2024

    The approval authorises six payment services, including cross-border money transfer, e-money issuance and DPT services.

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    AML / KYC

    Australia to Allocate A$166m Towards AML/CTF Reforms

    By Sanday Chongo Kabange | 07/05/2024

    The budget allocation will enable AUSTRAC to implement reforms to extend the AML/CFT regime to “Tranche 2” entities.

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    AML / KYC

    UPDATED: MONEYVAL Publishes Six AML/CFT Progress Reports

    By Editors | 07/05/2024

    Cyprus, Lithuania and Poland were each upgraded on one recommendation.  Croatia was upgraded on seven recommendations.

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