The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
May 13, 2022The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.
April 8, 2022Senate 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, 2022A 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24, 2022Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022Countries should 'name and shame' companies with highly complex ownership structures and consider forcing 'too complex to fail' companies to simplify.
February 22, 2022Siddhant 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, 2022The 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