All posts tagged "CFT"
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520AML / KYCHKMA Encourages Remote Onboarding to Manage Covid-19 Challenges
AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.
April 8, 2020 -
361Fintech / RegtechFSA Japan to Enforce New Crypto Laws from May
Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA's remit.
April 8, 2020 -
984AML / KYCDoing What is Right: Financial Inclusion Needs Better Incentives
Tools to enable financial inclusion exist, but without positive incentives to put these into practice barriers will remain, says RUSI's Isabella Chase.
April 3, 2020 -
1.1KAML / KYCFATF Encourages Technology Use to Address Covid-19 Challenges
Criminals and terrorists may seek to exploit gaps and weaknesses in national AML/CFT systems, under the assumption that resources are focused elsewhere, the FATF says.
April 2, 2020 -
455AML / KYCRBNZ, FMA Offer AML/CFT Guidance During Covid-19 Lockdown
Under Alert Level 4, reporting entities have the discretion to not necessarily sight certain documents for ongoing CDD and account monitoring.
March 31, 2020 -
1.4KAML / 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 -
336AML / KYCAustralia: Senate Committee Backs Passage of AML Amendments
The bill allows firms to rely on KYC performed by third parties, strengthens correspondent banking protections, and promotes greater use of financial intelligence to combat financial crime.
March 12, 2020 -
613AML / KYCNew Zealand Takes First Criminal Action Under AML/CFT Act
A mother, son and their company were convicted for helping a known pyramid scheme operator remit NZ$53mn into New Zealand, without conducting CDD or reporting suspicious transactions.
March 5, 2020 -
992AML / KYCFATF Highlights Digital Identity, Virtual Assets as Key Priority Areas
At its Plenary, the FATF highlighted the use of digital identity systems, the new standards for virtual assets, and efforts to tackle illegal wildlife trade as some of its key initiatives.
February 24, 2020 -
994AML / KYC
FATF Commends Korea, Warns Pakistan, Blacklists Iran
Korea has a sound legal and institutional framework. Pakistan is asked to complete its action plan. Countermeasures against Iran are reinstated.
February 24, 2020
