All posts tagged "FATF"
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542AML / KYCCrypto Industry Responds to FATF Red Flag Report
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
September 29, 2020 -
224AML / KYCPakistan Passes Three More FATF-related Bills
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan's progress next month.
September 22, 2020 -
941AML / KYCMAS ‘Closely Studying’ Singapore Mentions in FinCEN Files
The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
September 22, 2020 -
192AML / KYCSFC Revises AML/CFT Guidelines for Securities Sector
The proposed amendments seek to align the SFC's guidelines with the FATF guidance for adopting a risk-based approach in the securities sector.
September 21, 2020 -
1.1KAML / KYCFATF Details Virtual Asset Red Flags for Detecting Criminal Activity
This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
September 15, 2020 -
3.0KAML / KYCTrade-based Money Laundering: Avoiding Murky Waters
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
August 31, 2020 -
355AML / KYCPakistan Issues Consolidated List of Sanctioned Individuals, Entities
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
August 23, 2020 -
1.9KAML / KYCAPAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo's Rachel Woolley.
August 20, 2020 -
1.6KAML / KYCPEPs in the Limelight: Three Components to Mitigate Risk
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
August 20, 2020 -
651AML / KYCPakistan Legislature Progresses Five FATF-related Bills
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
August 18, 2020
