Financial Action Task Force

    RBI Issues Consultation on Overseas Investments Rules

    By Editors | 11/08/2021

    The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.

    AML / KYC

    Good Intentions: The FATF Faces Its Own Unintended Consequences

    By Tom Keatinge | 08/08/2021

    The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

    AML / KYC

    Crypto to Become One of the ‘Safest Environments Ever’

    By Manesh Samtani | 28/07/2021

    Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.

    AML / KYC

    European Commission Presents Package of AML/CFT Reforms

    By Editors | 23/07/2021

    A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.

    AML / KYC

    Japan Banks to Deploy Shared System for AML/CFT Monitoring

    By Manesh Samtani | 22/07/2021

    The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.

    AML / KYC

    Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs

    By Manesh Samtani | 14/07/2021

    The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.

    AML / KYC

    FATF Urges Faster Implementation of Travel Rule in Crypto Sector

    By Editors | 06/07/2021

    Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.

    AML / KYC

    FATF Examines Collaborative Analytics and the Need for Privacy

    By Manesh Samtani | 06/07/2021

    An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.

    AML / KYC

    FATF Examines Technology Use in AML/CTF Efforts

    By Manesh Samtani | 05/07/2021

    While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.

    AML / KYC

    Japan to Form Cross-agency AML Team Following FATF Review

    By Editors | 05/07/2021

    A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.

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