All posts tagged "FATF"
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124AML / KYCCrypto to Become One of the ‘Safest Environments Ever’
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021 -
91AML / KYCEuropean Commission Presents Package of AML/CFT Reforms
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
July 23, 2021 -
207AML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
171AML / KYC
Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021 -
177AML / KYCFATF Urges Faster Implementation of Travel Rule in Crypto Sector
Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
July 6, 2021 -
194AML / KYCFATF Examines Collaborative Analytics and the Need for Privacy
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
July 6, 2021 -
218AML / KYC
FATF Examines Technology Use in AML/CTF Efforts
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021 -
149AML / KYC
Japan to Form Cross-agency AML Team Following FATF Review
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
July 5, 2021 -
95AML / KYCIndonesia, Brunei to Cooperate on AML/CTF in Payments
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
July 3, 2021 -
190AML / KYCBinance Deploys New AML Solution Amid Regulatory Pressure
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
July 2, 2021
