An AML bill introduced last October has passed the Senate but without last month's amendment to include real estate agents, accountants, lawyers.
December 14, 2020Norton Rose Fulbright’s Jeremy Moller highlights the advantages of regulating legal, accounting and real estate services under Australia’s AML laws, sooner rather than later.
November 19, 2020The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
October 27, 2020The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.
October 26, 2020AUSTRAC chief Nicole Rose expressed concerns that professional facilitators are being used to evade money laundering detection.
October 23, 2020The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.
October 18, 2020This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
September 15, 2020Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.
September 3, 2020A lot of countries may have strong AML/CTF systems in place, but in practice they are not working, says a new report from the Basel Institute on Governance.
July 26, 2020The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020