Financial Action Task Force

    AML / KYC

    Japan to Adopt Travel Rule in Crypto in May 2023 – Report

    By Editors | 29/09/2022

    The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

    Crypto / Digital Assets

    India to Finalise Stance on Crypto in Early 2023 – Reports

    By Editors | 25/09/2022

    The government plans to finalise its stance by February-March 2023, ahead of a May deadline to respond to the FATF.

    AML / KYC

    FATF, INTERPOL to Ramp Up Global Asset Recovery Efforts

    By Editors | 13/09/2022

    The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.

    AML / KYC

    BSP Calls for ‘Limited Amendment’ to Bank Secrecy Law

    By Editors | 27/08/2022

    BSP senior assistant governor Elmore Capule told a Senate Committee the BSP is looking for a “limited relaxation of the bank secrecy laws”.

    AML / KYC

    Germany to Form New Federal Authority for Financial Crime

    By Editors | 26/08/2022

    Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.

    Securities / Derivatives

    SEBI Loosens Overseas Investment Rules for AIFs, VC Funds

    By Editors | 18/08/2022

    Alternative investment and venture capital funds can invest in overseas companies even if they do not have an ‘Indian connection’.

    AML / KYC

    Philippine AMLC Tightens Requirements on DNFBPs

    By Editors | 18/08/2022

    Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.

    AML / KYC

    APG Issues 2022 Annual Typologies Report

    By Manesh Samtani | 18/08/2022

    The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.

    AML / KYC

    FSB Gives Full Support to Wide LEI Use in Global Payments

    By Clare Rowley | 09/08/2022

    The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

    AML / KYC

    FATF Issues Final AML Guidance for Real Estate Sector

    By Editors | 27/07/2022

    The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.

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