All posts tagged "beneficial ownership"
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656AML / KYCFATF President Calls on G20 to Fully Implement AML Standards
Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.
November 25, 2020 -
1.2KAML / KYCThe Need for Tranche 2 AML Reform in Australia
Norton Rose Fulbright’s Jeremy Moller highlights the advantages of regulating legal, accounting and real estate services under Australia’s AML laws, sooner rather than later.
November 19, 2020 -
576AML / KYCIMF Calls for Amendments to Philippine Bank Secrecy Laws
The BSP should be granted "unimpaired access" to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.
November 18, 2020 -
631AML / KYCTaiwan to Set New AML/CFT Rules for Accountants
Accountants will not be allowed to establish business relationships or conduct transactions with clients until their identities and actual beneficiaries are verified.
October 2, 2020 -
1.6KAML / KYCGlobal AML Reforms Need to Be More Ambitious
The European Commission is taking decisive action to fight financial crime by reforming its AML rules and enforcement mechanism, writes Refinitiv’s Che Sidanius.
September 21, 2020 -
795AML / KYCBNM Issues Guidance Documents on AML/CFT Obligations
Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.
September 3, 2020 -
750AML / KYCPakistan Legislature Progresses Five FATF-related Bills
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
August 18, 2020 -
1.5KAML / KYCUS Hedge Funds Being Used for Money Laundering: FBI
A leaked FBI bulletin says US hedge funds and private equity firms are being used to facilitate money laundering, organised crime, and sanctions evasion.
July 27, 2020 -
532AML / KYC
FATF 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 -
1.6KAML / 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
