Financial Action Task Force

AML / KYC

Cambodia Receives Rating Upgrade for FATF Recommendation 7

By Editors | 13/11/2023

Cambodia’s rating was upgraded due to a law that implements targeted financial sanctions for WMD proliferation and financing.

AML / KYC

FATF Re-Rates Thailand on Two Recommendations

By Editors | 10/11/2023

Re-ratings were due to legal requirements for FIs and DNFBPs to conduct risk-based CDD and AMLO guidance on risk-based supervision.

AML / KYC

FATF Calls for Action to Combat Cyber-Enabled Fraud

By Manesh Samtani | 10/11/2023

Cyber-enabled fraud and related money laundering are facilitated by professional enablers, money mules, shell companies, and different types of FIs including VASPs.

AML / KYC

FATF Consults on Amendments to Recommendation 25 Guidance

By Editors | 01/11/2023

The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.

AML / KYC

FATF Issues Report on Crowdfunding for Terrorism Financing

By Editors | 01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

AML / KYC

FATF Adds Bulgaria to Grey List, Removes Four Others

By Manesh Samtani | 30/10/2023

The FATF also agreed to revise its asset recovery and NPO-related recommendations, besides publishing three new reports.

AML / KYC

FATF Removes Switzerland from Enhanced Follow-Up

By Manesh Samtani | 24/10/2023

The FATF upgraded Switzerland’s ratings on two recommendations in response to law reforms that took effect at the beginning of 2023.

AML / KYC

FATF Upgrades Japan Ratings on Five Recommendations

By Manesh Samtani | 24/10/2023

Japan was re-rated from partially compliant to largely compliant on four recommendations and from non compliant to partially compliant on one recommendation.

AML / KYC

Egmont Group Suspends Membership of Russian FIU

By Editors | 23/10/2023

The move bars Rosfinmonitoring from using Egmont Group’s platform to share information with other FIUs and from playing any other role in the organisation.