All posts tagged "CTF"
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553AML / KYCMONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering
Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.
May 11, 2022 -
413AML / KYCNAB Enters Undertaking to Uplift AML/CTF Compliance
NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022 -
529AML / KYCSingapore: Revolut, Luno Get In-Principle Approval to Offer DPT Services
MAS managing director Ravi Menon described the licensing process as necessarily stringent for Singapore to be a responsible global crypto hub.
May 3, 2022 -
334AML / KYCAIST Seeks Clarity on SoF, SoW Expectations for Super Funds
AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
April 18, 2022 -
324AML / KYCAUSTRAC Issues Guidance on Engaging AML/CTF Advisers
Without endorsing any AML/CTF adviser, AUSTRAC says it recognises the benefits and efficiencies that can be gained by firms from engaging third party consultants.
April 12, 2022 -
2.9KJapanBOJ Publishes Details on Planned Bank Examinations for Fiscal 2022
Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.
April 6, 2022 -
1.4KAML / KYCThe Future of AML Auditing is Increasingly Digital
A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.
April 4, 2022 -
715AML / KYCWolfsberg Group Issues Guidance on Managing Customer Risk
FIs should consider building "more holistic" customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.
March 30, 2022 -
482AML / KYCAUSTRAC Proposes Amendments to AML/CTF Rules
A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.
March 16, 2022 -
449AML / KYCPhilippine AMLC Extends Deadline for DNFBP AML Programmes
The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.
March 10, 2022
