All posts tagged "FATF"
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265AML / 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 -
759Asia-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 -
1.2KAML / KYCFATF 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 -
1.4KAML / KYCHong 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 -
545AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019 -
813AML / KYCWolfsberg Group Publishes CBDDQ Capacity Building Materials
The materials include high level training videos and detailed guidance on the questionnaire, aimed at facilitating its implementation and halting the decline in correspondent banking.
July 1, 2019 -
695AML / KYC
The FATF Should Embrace the Opportunity to Reform
The FATF needs to recognise that it should be more transparent and be able to provide greater assurance of independence and oversight, says RUSI’s Tom Keatinge.
July 1, 2019 -
1.2KAML / KYC
Hong Kong AML/CFT Regime Under FATF Spotlight
The report on the APG-FATF joint assessment is expected to be published in September, and show that Hong Kong still has some work to do.
June 24, 2019 -
964AML / KYC
FATF Adopts Global AML/CTF Standards for Crypto Activity
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
June 24, 2019 -
1.4KAML / KYCMAS Consults on AML/CFT Notices for Payment Services
The first Notice covers account issuance, money transfers and money changing services. The second Notice sets out a separate framework for digital payment tokens.
June 7, 2019
