Financial Action Task Force

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    AML / KYC

    Russia Identified as “High Risk” Jurisdiction in New Report

    By Manesh Samtani | 27/06/2023

    AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

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    Crypto / Digital Assets

    BSP Urged to Take Action Against Unregistered Crypto Exchanges

    By Mark Johnston | 26/06/2023

    Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.

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    AML / KYC

    FATF Plenary: Cameroon, Croatia and Vietnam Added to Grey List

    By Manesh Samtani | 26/06/2023

    The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.

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    AML / KYC

    US, EU Push for UAE Removal from FATF Gray List

    By Editors | 23/06/2023

    Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.

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    AML / KYC

    Indonesia OJK Issues New AML/CFT/CPF Regulations

    By Sanday Chongo Kabange | 22/06/2023

    OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.

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    AML / KYC

    AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

    By Editors | 21/06/2023

    New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

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    AML / KYC

    Japan Introduces New Tax Rules for Token Issuers

    By Mark Johnston | 20/06/2023

    The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.

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    AML / KYC

    Philippines Steps Up Efforts to Exit FATF ‘Grey’ List

    By Ranamita Chakraborty | 20/06/2023

    The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.

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    Crypto / Digital Assets

    HKMA Meets with Crypto Firms on Banking Access Challenges

    By Karen Ng | 19/06/2023

    Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

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    AML / KYC

    India to Bring Lawyers Under AML Regime – Report

    By Editors | 16/06/2023

    Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

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