All posts tagged "FATF"
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973AML / 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 -
1.0KAML / KYCManaging Regulatory Change as a Business-as-usual Activity
By laying the groundwork, identifying key goals and developing processes, regulatory change management can be a business-as-usual activity, says Fenergo's Rachel Woolley.
June 5, 2019 -
639Fintech / RegtechFSB Issues Report to G20 on Crypto-Asset Regulation
Forward-looking risk assessments are needed in crypto-asset markets to identify trends that may give rise to financial stability and other risks and assess their potential significance early on.
June 4, 2019 -
774AML / KYCHong Kong, China Framework Comparison – KYC Standards
Given the similarities between Hong Kong and China's KYC frameworks, cross-border onboarding and account opening has become less of a challenge, say Synpulse’s Prasanna Venkatesan, Gregory Achache and Marina Mai.
May 23, 2019 -
962AML / KYCThe Need for a Cross-Sector & Cross-Jurisdictional AML Regime
It's time to have a conversation about implementing real AML information sharing across organisations, sectors and jurisdictions, writes Claus Christensen at Know Your Customer Ltd.
May 16, 2019 -
814AML / KYCWolfsberg Group Publishes Guidance on Customer Tax Evasion
Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.
May 15, 2019 -
804AML / KYCJapan to Halt Overseas Transfers that Bypass Bank Accounts
In preparation for this year's FATF review, Japanese banks will reportedly terminate counter services for overseas remittances that bypass bank accounts.
May 6, 2019 -
524AML / KYC
FATF to Adopt ‘Open-ended’ Mandate Starting in 2020
The new open-ended mandate recognises FATF's leadership role and strengthens its capacity to respond to threats facing the financial system.
April 17, 2019 -
708AML / KYCSoutheast Asia Vulnerable to North Korea Crypto Activity
New RUSI research reveals how North Korea can exploit cryptocurrency, particularly in Southeast Asia, to circumvent international sanctions.
April 16, 2019 -
1.1KAsia-PacificASEAN Pushes for Cross-Border Settlement in Local Currencies
ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.
April 8, 2019
