All posts tagged "FATF"
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313AML / KYCFATF to Adopt ‘Open-ended’ Mandate Starting in 2020
The new open-ended mandate recognises FATF's leadership role and strengthens its capacity to respond to threats facing the financial system.
April 17, 2019 -
466AML / KYCSoutheast Asia Vulnerable to North Korea Crypto Activity
New RUSI research reveals how North Korea can exploit cryptocurrency, particularly in Southeast Asia, to circumvent international sanctions.
April 16, 2019 -
963Asia-PacificASEAN Pushes for Cross-Border Settlement in Local Currencies
ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.
April 8, 2019 -
740AML / KYCUN Security Council Resolution Targets Terrorism Financing
The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
April 1, 2019 -
1.1KAML / KYC
FATF Gets Tough on Virtual Assets and Their Service Providers
If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.
February 28, 2019 -
515AML / KYC
FATF Consults on Risk-Based Approach for Professional Services
The FATF is consulting on draft guidance on the application of a risk-based approach to AML/CFT in the legal, accountancy, and trust and company service providers sectors.
February 27, 2019 -
765AML / KYC
FATF Commends China, Sri Lanka; Watchlists Cambodia
The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.
February 26, 2019 -
1.8KAML / KYCAML Beyond Banking: The Increasing Scope of Global AML Regulation
Increased transparency in the banking sector has made other avenues for money laundering gain greater prominence, writes Claus Christensen at Know Your Customer Ltd.
February 20, 2019 -
428Capital RegulationIndia Liberalises Framework for Overseas Borrowing
Eligible domestic borrowers can borrow up to $750mn per year in foreign currency or rupees from any entity in a country which is FATF or IOSCO compliant.
January 17, 2019 -
806AML / KYCTaiwan to Ease AML Requirements for Low Risk Clients
The majority of banks' clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.
January 3, 2019
