All posts tagged "FATF"
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694AML / KYCRefocusing the AML Model on Evidence and Outcomes
Under the current AML model, the ultimate focus for FIs is to protect the institution and the bottom line rather than reduce money laundering, says RUSI's Matthew Redhead.
October 14, 2019 -
881AML / KYCAPG Publishes Final Mutual Evaluation Report for Taiwan
Taiwan has achieved very significant progress in a short period of time, and supervisors have significantly influenced compliance in a positive way, the APG says in its mutual evaluation report.
October 3, 2019 -
610AML / KYCSFC Asks Licensed Firms to Bolster AML/CTF Compliance
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
September 9, 2019 -
693AML / KYCHKMA Offers Guidance in Response to FATF Report
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
September 6, 2019 -
1.2KAML / KYCFATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019 -
702AML / KYCAPG: Good Progress from Taiwan; Pakistan Falls to ‘Enhanced Follow-up’
The APG has adopted mutual evaluation reports for the Philippines, China, Hong Kong, Pakistan, Taiwan and the Solomon Islands – due to be published in October.
August 26, 2019 -
397AML / KYCKorea’s FIU Seeks Direct Supervision Over Crypto Exchanges
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
August 9, 2019 -
866Asia-PacificPhilippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
1.4KAML / KYC
FATF Issues Guidance on Terrorist Financing Risk Assessments
The guidance provides good approaches, relevant information sources and practical examples for practitioners to consider when assessing terrorist financing risk at the jurisdiction level.
July 8, 2019 -
1.5KAML / KYC
Hong Kong Welcomes FATF ‘Overall Compliant’ Result
According to a government statement, Hong Kong was found to be particularly effective in the areas of risk identification, law enforcement, asset recovery, counter-terrorist financing and international co-operation.
July 1, 2019
