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, 2022The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 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, 2022Mutual evaluations also do not adequately take into account threat, materiality, and contextual factors. The FATF should promote the use of PPPs and data sharing.
March 4, 2022The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
October 23, 2021Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
September 15, 2021The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
August 6, 2021The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021