All posts tagged "FATF"
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1.1KAML / KYCRevised FATF Standards ‘Clearly Apply’ to Stablecoins
Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
July 9, 2020 -
1.1KAML / KYCFATF Highlights Progress to Adopt AML Standards for Virtual Assets
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020 -
565AML / KYCBCBS Updates AML Guidance to Advance Supervisory Cooperation
Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.
July 2, 2020 -
1.1KAML / KYCNew FATF President Presents Objectives For Two-Year Term
FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.
July 2, 2020 -
366AML / KYC
FATF Progresses Key Initiatives at June 2020 Plenary
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020 -
596AML / KYCFATF Report Addresses ‘Global Threat’ of Illegal Wildlife Trade
The FATF calls for a coordinated response from public authorities, the private sector and civil society to identify and disrupt financial flows from illegal wildlife trade.
June 26, 2020 -
1.6KAML / KYCAPAC Banks Will Come Out Stronger Post Pandemic
Covid-19 has kickstarted a rush to digitisation. Changes not expected for another 5-10 years will now be seen over the next 18 months, says Fenergo's Greg Watson.
June 23, 2020 -
1.3KAML / KYCSri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
June 22, 2020 -
1.2KAML / KYCGreen Crime: A Global Challenge Requiring a Global Response
A coherent global response and unifying standards are needed to tackle illegal wildlife trade and environmental crime. Financial institutions have a crucial role to play.
June 17, 2020 -
548AML / KYCSingapore to Tighten AML Rules for Casinos – Report
Singapore’s legislated threshold for cash transactions that are subject to due diligence is higher than the $3,000 threshold set by the FATF.
June 9, 2020
