All posts tagged "AML"
-
7AML / KYCFATF Concludes Plenary, Finalises Work in Key Areas
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
October 23, 2021 -
11AML / KYCInconsistent AML Approaches Cause Cross-border Payment Frictions
The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.
October 23, 2021 -
93AML / KYCAustralia Senate Report Proposes New Crypto Licensing Regime
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
October 22, 2021 -
73AML / KYCFATF Keeps Pakistan on Grey List with 4 Action Items Outstanding
Marcus Pleyer said "there is no discussion on blacklisting Pakistan" as its government has demonstrated a "clear commitment" and is cooperating with the FATF.
October 22, 2021 -
132AML / KYCAUSTRAC Publishes Guidance on Geographical Link Test
The geographical link test helps firms that provide designated services determine whether they have AML/CTF obligations in Australia.
October 21, 2021 -
109AML / KYCAUSTRAC Seizes Star Casino Files in Money Laundering Probe
AUSTRAC is reported to be building a case against Star Entertainment Group over alleged shortcomings in its AML/CTF controls.
October 20, 2021 -
111AML / KYCIndia, US Pledge to Take Stronger Action Against Financial Crime
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021 -
108AML / KYCSingapore Consults on Amendments to Accountants Act
Under the changes, ACRA can conduct inspections on accountants for compliance with AML/CFT requirements, and impose penalties for non-compliance.
October 20, 2021 -
151Asia-PacificSri Lanka to Develop Regulatory Framework for Cryptocurrency
The committee will advise Sri Lanka's cabinet on a regulatory framework for Sri Lanka for blockchain, digital banking and crypto mining.
October 15, 2021 -
123Australia & NZRBNZ Consults on Approach to Enforcement Decision-making
A new consultation paper seeks feedback on the principles and criteria which will guide the RBNZ's enforcement decision-making process moving forward.
October 14, 2021
