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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.
Fintech / Regtech
India’s Gift City Regulator Introduces Regulatory Sandbox Framework
By Sanday Chongo Kabange | 22/10/2020
All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.
AML / KYC
APG Releases First Follow-up Report on Pakistan
By Editors | 18/10/2020
The APG says Pakistan has been re-rated from ‘partially compliant’ to ‘compliant’ on Recommendation 29 and has made progress on Recommendation 1.
AML / KYC
G7 Calls for Global Adoption of FATF Standards on VASPs
By Editors | 16/10/2020
Effective implementation of the FATF Standards, including the ‘travel rule’, is needed to combat a recent surge in ransomware attacks.
AML / KYC
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
By Manesh Samtani | 14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
AML / KYC
FATF Upgrades China on Three Recommendations in Follow-up
By Manesh Samtani | 01/10/2020
This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China’s prohibition on virtual asset activities.
AML / KYC
BSP Set to Issue Revised Rules on Virtual Assets
By Sanday Chongo Kabange | 30/09/2020
The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
AML / KYC
Crypto Industry Responds to FATF Red Flag Report
By Nathan Smale | 28/09/2020
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
AML / KYC
Pakistan Passes Three More FATF-related Bills
By Editors | 22/09/2020
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan’s progress next month.
AML / KYC
MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files
By Editors | 21/09/2020
The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
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