All posts tagged "CFT"
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158AML / KYCAUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain
The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.
February 18, 2020 -
362AML / KYCSFC Fines BMI Securities, Suspends RO for AML Breaches
The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.
February 11, 2020 -
299AML / 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 -
532AML / KYCBetween a Rock and a Hard Place: FATF Faces an Iranian Crunch
A well-intentioned decision on Iran in 2016 has haunted FATF ever since. That decision is about to become a nightmare, says RUSI's Tom Keatinge.
February 7, 2020 -
425AML / KYCEBA Consults on Revised ML/TF Risk Factors Guidelines
The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.
February 7, 2020 -
666AML / KYCBNM Publishes Consultation Response on New AML/CFT Framework
BNM will publish further guidance on the methods used for verifying customer and beneficial owner information and for authenticating their documents.
February 3, 2020 -
923Market InfrastructureSingapore, Brunei Central Banks to Expand Cooperation
MAS and AMBD have committed to new areas of cooperation, including financial sector development, cross-border supervision, crisis management and AML/CFT.
January 23, 2020 -
343AML / KYCMAS Publishes Responses to VCC Consultation Papers
VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.
January 16, 2020 -
1.3KAML / KYCMalaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020 -
972AML / KYCMAS Adopts FATF Standards on VASPs in Payment Services Act
MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.
December 28, 2019
