All posts tagged "DNFBPs"
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630AML / KYCAMLC Philippines Launches Review of Sanctions Screening Practices
The 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, 2022 -
479AML / KYCAustralia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds
Senate 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, 2022 -
449AML / KYC
Philippine 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 -
539AML / KYCFATF Plenary Finalises New Beneficial Ownership Requirements
Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022 -
939AML / KYC
Australia Senate Introduces Tranche 2 Reform Bill, Again
The bill, if passed, will help fulfill a nearly 16-year-old commitment to bring gatekeeper professions within Australia's AML regime, and require the establishment of a public UBO register.
February 14, 2022 -
1.1KAML / KYCHK Gov Issues Discussion Paper on Proposed VASP Regime
Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
February 11, 2022 -
1.0KAML / KYCDPRK Sanctions Evasion Not Being Captured by Regulation
Gatekeeper professions play an important role in facilitating North Korean sanctions evasion, RUSI says in a new paper.
January 7, 2022 -
389AML / KYCFATF Keeps Pakistan on Grey List with 4 Action Items Outstanding
Marcus Pleyer said "there is no discussion on blacklisting Pakistan" as its government has demonstrated a "clear commitment" and is cooperating with the FATF.
October 22, 2021 -
714AML / KYCFATF Addresses Pandora Papers With New BO Requirements
The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
October 22, 2021 -
461AML / 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
