All posts tagged "FATF"
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261AML / KYCJapan Banks to Join JPM Blockchain Initative to Boost AML Measures
Japanese banks are looking to use JP Morgan's Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.
December 11, 2019 -
317Fintech / RegtechKorea to Establish Legal Basis for Cryptocurrency Investment
A bill passed by the national policy committee will subject digital asset businesses to penalties for not meeting FATF standards in their oversight systems for preventing money laundering.
November 27, 2019 -
327AML / KYCFATF to Develop Guidance on Disrupting Illegal Wildlife Trade
Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.
November 26, 2019 -
1.2KAML / KYCWe Need to Accelerate Regtech Transition in AML Work: HKMA
We need to enable a wider application of technology to AML work in the sector, deputy chief Arthur Yuen said at the HKMA's its first AML/CFT RegTech Forum on Friday.
November 23, 2019 -
435AML / KYCBangladesh Publishes New National AML/CFT Strategy
The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.
November 23, 2019 -
645AML / KYCSingapore Re-Rated on Four FATF Recommendations
Singapore is still rated 'partially compliant' on three FATF Recommendations for technical compliance, and will remain in enhanced follow-up.
November 19, 2019 -
379AML / KYC
Inaugural FATF Supervisors’ Forum Meets in China
The Supervisors’ Forum brought together supervisors from over forty countries to discuss ways in which oversight on ML/TF risks can be enhanced.
November 14, 2019 -
909AML / KYCChina Ramped Up AML/CTF Enforcement in 2018, PBOC Report Shows
Enforcement of AML/CTF rules increased in 2018, evidenced by a 41% increase in fines levied. Firms in non-financial sectors have also been brought under the PBOC’s AML/CTF supervision ambit.
November 14, 2019 -
375AML / KYCBCBS Seeks Cooperation Between Prudential and AML Supervisors
The BCBS says different supervisory functions should exchange information and cooperate both domestically and across borders, regardless of the institutional setting.
November 13, 2019 -
608AML / KYCBCBS Updates AML/CFT Guidance for Correspondent Banking
The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.
November 11, 2019
