All posts tagged "CFT"
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178AML / KYCMAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
April 15, 2021 -
350AML / KYCFATF President Calls for Rethink of Regulatory Culture
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
April 9, 2021 -
111AML / KYCJapan Crypto Industry to Adopt Travel Rule by April 2022
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan's crypto industry.
April 7, 2021 -
329AML / KYCMAS Offers New AML/CFT Guidance for VASPs
MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021 -
192AML / KYCFATF Seeks Stakeholder Views on Updated VASP Guidance
Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.
March 22, 2021 -
575AML / KYCFATF to Study Unintended Consequences of the FATF Standards
The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.
March 18, 2021 -
185AML / KYCSFC Fines Yardley Securities for AML/CFT Breaches
Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.
March 18, 2021 -
121AML / KYCBangladesh Officials Confirm Use of Bitcoin to Finance Terrorism
Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.
March 13, 2021 -
445AML / KYC
FATF Publishes Guidance on Risk-based AML/CFT Supervision
The guidance includes practical advice to address common challenges in risk-based supervision, including examples of strategies for supervising DNFBPs and VASPs.
March 8, 2021 -
127AML / KYCNZ Real Estate Agent Reprimanded for AML Non-Compliance
Property Brokers Limited is required to take immediate action to rectify all areas of non-compliance and will continue to be closely monitored by DIA officials.
March 2, 2021
