All posts tagged "asset recovery"
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384AML / KYCFATF Concludes Final Plenary Under German Presidency
FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
June 20, 2022 -
569AML / KYCINTERPOL Launches Financial Crime and Anti-Corruption Centre
The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.
March 16, 2022 -
579AML / KYCFATF Plenary Finalises New Beneficial Ownership Requirements
Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022 -
317AML / KYCUS DOJ Creates National Cryptocurrency Enforcement Team
The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.
October 8, 2021 -
1.1KAML / KYCNew FATF Report Sounds Alarm Over Environmental Crime
The report highlights the use of trade-based fraud and shell companies by criminals to launder proceeds from environmental crime.
June 29, 2021 -
1.8KAML / KYCFATF Plenary Packs Powerful Punch
The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021 -
310AML / KYCBasel Institute on Governance Takes Stock of Illicit Enrichment Laws
While some intricacies regarding illicit enrichment laws are yet to be properly tested in courts, they have "remarkable potential" in the field of asset recovery.
June 21, 2021 -
326AML / KYCUS DOJ Repatriates $460m of Seized 1MDB Funds to Malaysia
Seized and repatriated 1MDB funds are being utilised to repay and service 1MDB and SRC’s debts, which remain above $10.2billion.
May 17, 2021 -
406AML / KYCPakistan to Pass Two New Laws to Meet FATF Action Plan
The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.
May 15, 2021
