All posts tagged "beneficial ownership"
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362AML / KYCFATF Progresses Key Initiatives at June 2020 Plenary
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020 -
1.4KAML / KYCAddressing Heightened KYC Risk with Data and Automation
Managing KYC risk assessment in a sea of increasingly complex data sets calls for smart automated solutions to manage alerts.
June 7, 2020 -
287AML / KYCRequirement to Lodge Company Controller Data with ACRA Deferred
ACRA says the two-month deferral is the result of operational and resource constraints faced by registered filing agents, and potential difficulties obtaining consent from clients.
May 6, 2020 -
526AML / KYCPBOC Penalties for AML Violations Spike in Q1 2020
The increase in penalties is in part the result of a new calculation method in use at the PBOC, where penalties can now accumulate when multiple breaches occur at once.
April 29, 2020 -
878AML / KYCS. Korea AML/CFT Framework Significantly Strengthened: FATF
Korea demonstrates effective cooperation among local authorities, the private sector and foreign counterparts; and effective use and development of financial intelligence.
April 19, 2020 -
3.4KAML / KYCThe Latest Thinking On Beneficial Ownership, Power And Control
Data is the first line of defence when it comes to protecting one’s business from links to wrongdoing.
April 14, 2020 -
321AML / KYC
FATF Re-rates US as ‘Largely Compliant’ on CDD Measures
The US is now compliant on 9 FATF Recommendations, largely compliant on 22, partially compliant on 5, and non-compliant on 4.
April 3, 2020 -
1.7KAML / KYCHolding the Line on Ultimate Beneficial Ownership
Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.
March 25, 2020 -
544AML / KYCTrade Misinvoicing a ‘Persistent Problem’ in Developing Countries
Think tank Global Financial Integrity found $8.7tr in misinvoiced trade in the ten years from 2008 to 2017. Trade misinvoicing is one of the largest components of global illicit financial flows.
March 5, 2020 -
595AML / KYCUS Treasury Issues 2020 National Strategy for Combatting Illicit Finance
The document highlights increased transparency, an improved supervisory framework for FIs, and enhanced operational capabilities as three strategic priorities for the US AML/CFT regime.
February 10, 2020
