Financial Action Task Force

    AML / KYC

    FATF Offers Guidance on Private Sector Information Sharing

    By Editors | 25/07/2022

    The report features information sharing case studies from the UK, Singapore, Netherlands, the US, Estonia, and Germany.

    AML / KYC

    How North Korean Cryptocurrency Abuse Is Expanding

    By Sasha Erskine | 18/07/2022

    Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

    AML / KYC

    HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing

    By Darien Choong | 13/07/2022

    HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.

    AML / KYC

    GCFFC Offers Recommendations on Improving AML Effectiveness

    By Manesh Samtani | 12/07/2022

    PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.

    Crypto / Digital Assets

    US Treasury Outlines Approach to International Engagement on Crypto

    By Editors | 11/07/2022

    The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.

    ESG / Sustainability

    Taiwan to Streamline Identity Checks for Cross-border Remittances

    By Darien Choong | 10/07/2022

    The customer identity verification process for regular and reasonable cross border remittances can be further streamlined, the FSC said.

    AML / KYC

    FATF Outlines Priorities, Objectives for Singapore Presidency

    By Editors | 04/07/2022

    The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.

    AML / KYC

    Limited Progress Made on Travel Rule Implementation: FATF

    By Editors | 01/07/2022

    Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

    AML / KYC

    FATF Seeks Views on Improvements to Recommendation 25

    By Editors | 30/06/2022

    The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

    AML / KYC

    AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions

    By Sanday Chongo Kabange | 22/06/2022

    AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.

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