Phase 1 implementation introduces requirements for CEOs of business trusts to disclose their interests in transactions, among other provisions.
March 14, 2024The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.
March 12, 2024Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.
March 4, 2024Kenya and Namibia were added to the FATF's grey list while Barbados, Gibraltar, Uganda and the UAE were removed.
February 24, 2024Investment advisers would have to implement risk-based AML/CFT programmes and report suspicious activity to FinCEN.
February 15, 2024The priorities include economic security, beneficial ownership, professional money launderers and public-private partnerships.
February 13, 2024Draft amendments bring virtual assets into scope. FIs would also be required to assess money laundering risks before adopting new technologies and launching new products.
February 1, 2024UK outlines first set of measures under Economic Crime and Corporate Transparency Act to enhance transparency and accountability of companies.
January 26, 2024More than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122.
January 25, 2024The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.
January 19, 2024