All posts tagged "beneficial ownership"
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409AML / KYCUK Unveils Legislative Agenda for Financial Services, Markets
The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
May 13, 2022 -
374AML / KYCFATF Vows ‘Swift and Decisive Action’ on Effectiveness
The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022 -
720AML / KYCCountries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF
The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022 -
426AML / KYCSingapore Court Upholds Convictions of Russian, Singapore Nationals
The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.
April 8, 2022 -
478AML / KYCAustralia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds
Senate committee warns that the government's failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.
April 1, 2022 -
413AML / KYCNew Zealand Pledges to Enhance Beneficial Ownership Transparency
A new bill will require companies to provide accurate beneficial ownership information. A unique identifier will be assigned to all beneficial owners and directors.
March 24, 2022 -
539AML / 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Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.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 -
904AML / KYCTax Justice Network: Measures to Address Complex Ownership
Countries should 'name and shame' companies with highly complex ownership structures and consider forcing 'too complex to fail' companies to simplify.
February 22, 2022 -
1.7KAML / KYCIn Conversation With Siddhant Sahai, Deutsche Bank
Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.
February 16, 2022 -
938AML / KYC
Australia Senate Introduces Tranche 2 Reform Bill, Again
The bill, if passed, will help fulfill a nearly 16-year-old commitment to bring gatekeeper professions within Australia's AML regime, and require the establishment of a public UBO register.
February 14, 2022
