All posts tagged "confiscation"
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212AML / KYCFATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
457AML / KYCFATF Releases Mutual Evaluation Report for Japan
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021 -
152AML / KYCHong Kong Passes Bill to Curb Illegal Wildlife Trade
The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.
August 19, 2021 -
514AML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021 -
677AML / KYCFATF Plenary Packs Powerful Punch
The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021 -
153AML / KYCKorean Officials Seize Cryptocurrency from Tax Evaders
Investigators had to compare tax evaders' mobile phone numbers against those registered at crypto exchanges in order to track down their account details.
June 24, 2021 -
123AML / KYCAPG Publishes 2nd Follow-up Report on Pakistan
Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.
June 5, 2021 -
333AML / KYC
Pakistan to Pass Two New Laws to Meet FATF Action Plan
The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.
May 15, 2021 -
1.4KChinaNew Securities Law to Take Effect in China from March 2020
A fourth and potentially final draft of China's new Securities Law has been submitted to the NPC Standing Committee's bimonthly session.
December 28, 2019 -
857AML / KYCBangladesh Publishes New National AML/CFT Strategy
The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.
November 23, 2019
