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AML / KYC
FATF President Calls on G20 to Fully Implement AML Standards
By Manesh Samtani | 24/11/2020
Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.
AML / KYC
The Need for Tranche 2 AML Reform in Australia
By Jeremy Moller | 18/11/2020
Norton Rose Fulbright’s Jeremy Moller highlights the advantages of regulating legal, accounting and real estate services under Australia’s AML laws, sooner rather than later.
AML / KYC
FSC Korea to Introduce FATF-aligned AML Rules for VASPs
By Editors | 04/11/2020
Under the new rules, the ‘travel rule’ will apply to VASPs in respect of all virtual asset transactions worth more than KRW 1 million.
AML / KYC
Hong Kong to Align Crypto Regulatory Framework with FATF Standards
By Manesh Samtani | 03/11/2020
The government proposes to introduce a new licensing regime for VASPs that trade non-security tokens, and a registration regime for dealers in precious metals and stones.
AML / KYC
Singapore Bill to Align Payment Services Act with FATF Standards
By Editors | 03/11/2020
The bill will expand the definition of a DPT service, broaden the definition of cross-border money transfer service, and allow MAS to impose measures on DPT services providers.
AML / KYC
Financial Crime Country Lists in a Fragmenting World Order
By Tom Keatinge | 30/10/2020
Those that promote lists of countries that are slow to tackle financial crime must work harder to exclude politics and prove their integrity and value, says RUSI’s Tom Keatinge.
AML / KYC
PBOC Issues Draft AML Rules for Beijing Real Estate Sector
By Editors | 27/10/2020
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
AML / KYC
FATF to Drive Digital Transformation of AML/CFT Systems
By Manesh Samtani | 26/10/2020
Digital transformation of AML/CFT systems will help to ensure their resilience in future and build their efficiency, the FATF says.
AML / KYC
FATF Adopts Measures to Mitigate Proliferation Financing Risk
By Editors | 25/10/2020
The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.
AML / KYC
AUSTRAC Wants Lawyers, Accountants Under its AML Remit
By Editors | 23/10/2020
AUSTRAC chief Nicole Rose expressed concerns that professional facilitators are being used to evade money laundering detection.
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