Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.
December 15, 2022New FATF report provides risk indicators to help identify opioids trafficking, noting that FIs and DNFBPs are an "important source of information" for FIUs.
December 2, 2022The FATF is consulting on draft guidance on Recommendation 24 and draft proposals to amend Recommendation 25 and its Interpretive Note until 6 December 2022.
November 3, 2022Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.
August 19, 2022Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.
July 19, 2022The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
June 21, 2022The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
April 26, 2022Senate committee warns that the government's failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.
April 1, 2022The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.
March 10, 2022Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022