Financial Action Task Force

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    Securities / Derivatives

    India Widens Options for Foreign Investors in GIFT City

    By Ajoy K Das | 08/04/2024

    Foreign brokers can remotely trade at GIFT City stock exchanges directly. FPIs can invest in Indian sovereign green bonds via GIFT City.

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    AML / KYC

    FATF Sheds Light on Global Implementation of Crypto Standards

    By Manesh Samtani | 31/03/2024

    91% of jurisdictions with materially important VASP activity have enacted or are in the process of enacting AML/CTF requirements for VASPs.

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    AML / KYC

    FATF Re-rates Australia on Six Recommendations

    By Mark Johnston | 29/03/2024

    Australia was upgraded on five recommendations and downgraded on R.15 due to the limited scope of its regulatory regime for VASPs.

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    AML / KYC

    FATF Upgrades US Rating on Beneficial Ownership Transparency

    By Editors | 27/03/2024

    The FATF cites the ongoing implementation of requirements for companies to report beneficial ownership information to FinCEN.

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    AML / KYC

    EU Commission Revises List of High Risk Third Countries

    By Nithya Subramanian | 19/03/2024

    Barbados, Gibraltar, Panama, Uganda and UAE have been removed from the list, while Kenya and Namibia were added.

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    AML / KYC

    BRICS Establishes Council for Combating Money Laundering

    By Editors | 13/03/2024

    The BRICS nations also plan to create an organisation to fight money laundering and terrorist financing similar to the FATF.

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    AML / KYC

    FATF Issues Final Guidance to Support Implementation of R.25

    By Editors | 12/03/2024

    The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.

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    AML / KYC

    Canadian FIs Required to Treat Russia as FATF-Blacklisted

    By Editors | 12/03/2024

    A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.

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    Crypto / Digital Assets

    Cayman Islands Launches Crypto Consultation Using GitHub

    By Nithya Subramanian | 05/03/2024

    Software coding collaboration platform GitHub is being used for the first time to collate public feedback on the draft legislation.

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    Crypto / Digital Assets

    Russia Re-rated on Four FATF Recommendations

    By Editors | 04/03/2024

    Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

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