All posts tagged "CTF"
-
5AML / KYCAUSTRAC Consults on AML/CTF Rule Amendments
The amendments allow FIs to carry out ACIP on a customer after an account is opened, provided the initial deposit is the only transaction made at opening.
July 31, 2021 -
73Australia & NZAustralia: Mutual Banks Face “Avalanche” of Regulatory Change
A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
July 29, 2021 -
120AML / KYCSingapore: “Several” DPT Licences in Final Stages of Review
Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
July 27, 2021 -
121AML / KYCEuropean Commission Seeks Establishment of New AML Authority
The new authority would be able to directly oversee the financial firms operating across multiple member states and issue penalties for AMLviolations.
July 15, 2021 -
194AML / KYCFATF Examines Collaborative Analytics and the Need for Privacy
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
July 6, 2021 -
218AML / KYC
FATF Examines Technology Use in AML/CTF Efforts
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021 -
218AML / KYCRisk Assessments Should Focus on National Priorities: Wolfsberg Group
Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.
July 5, 2021 -
96AML / KYCIndonesia, Brunei to Cooperate on AML/CTF in Payments
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
July 3, 2021 -
131AML / KYCAustralia: Senate Committee Calls for Submissions in AML Inquiry
The inquiry will explore the adequacy and efficacy of Australia's AML/CTF regime. The terms of reference have been published.
June 28, 2021 -
83AML / KYCAustralian Senate to Launch Inquiry into DNFBP Regulation
The inquiry will examine the impacts of bringing DNFBPs into scope under Australia's AML/CTF regime, including AUSTRAC's capacity to regulate 100,000 more entities.
June 25, 2021
