All posts tagged "FATF"
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1.0KAML / KYCTechnology to Drive Regulatory Agenda in 2020: Thomson Reuters
Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
January 9, 2020 -
793AML / KYCCBIRC Tightens Scrutiny of AML/CTF Programmes at Banks, Insurers
Banks and insurers are required to submit annual reports on their AML/CTF programmes within 20 working days after the end of each year. For 2019, the reports should be submitted by 15 February 2020.
January 6, 2020 -
850AML / KYCMAS Adopts FATF Standards on VASPs in Payment Services Act
MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.
December 28, 2019 -
430AML / KYCWolfsberg Group Urges ‘Effectiveness’ Emphasis in AML/CTF Programmes
FIs are devoting resources to maximise technical compliance, while not necessarily optimising detection or deterrence of illicit activity, the Wolfsberg Group says.
December 23, 2019 -
464AML / KYCHKMA Asks Banks, SVFs to Assess AML/CFT Risks of VASP Dealings
Authorised institutions and SVF licensees should conduct appropriate risk assessments to differentiate the risks of the individual virtual asset service providers they deal with, the HKMA says.
December 17, 2019 -
403AML / 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 -
410Fintech / 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 -
407AML / 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 -
1.4KAML / 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 -
506AML / 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
