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AML / KYC
US Lawmakers Call for ‘War-like Footing’ Against Corruption
By Editors | 05/05/2021
In a letter to Janet Yellen, two lawmakers have called for AML obligations to be expanded to hedge funds, private equity, and other professional enablers.
AML / KYC
FATF Publishes New Zealand Mutual Evaluation Report
By Manesh Samtani | 30/04/2021
Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.
AML / KYC
Mitigating Illicit Convergence in Transnational Financial Crime
By Editors | 27/04/2021
Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.
AML / KYC
PBOC Finalises New AML Regulations for Financial Institutions
By Manesh Samtani | 20/04/2021
The new regulations take effect from 1 August 2021 and are applicable to non-bank financial institutions, overseas bank branches and holding subsidiaries.
AML / KYC
Digital ID Perceived As Beneficial in Combatting Financial Crime
By Manesh Samtani | 14/04/2021
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
Crypto / Digital Assets
G20 to Use All Available Policy Tools for As Long As Required
By Manesh Samtani | 11/04/2021
G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.
AML / KYC
FATF President Calls for Rethink of Regulatory Culture
By Manesh Samtani | 09/04/2021
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
AML / KYC
Philippines Expands AML Rules to Financing, Lending Firms
By Ranamita Chakraborty | 08/04/2021
All financing and lending companies are required to register with the AMLC, report suspicious transactions and comply with other AML/CTF rules.
AML / KYC
Japan Crypto Industry to Adopt Travel Rule by April 2022
By Sanday Chongo Kabange | 07/04/2021
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.
AML / KYC
Australia Lags Regional Peers on DNFBP Regulation: Report
By Manesh Samtani | 03/04/2021
Australia is sending a message to financial criminals around the world that its lawyers, accountants and property market are open for business.
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