Real estate developers and brokers, as well as offshore gaming operators and their service providers, have to register with the AMLC’s electronic reporting system by 16 March.
February 27, 2021The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.
February 26, 2021The changes add to revisions proposed in November to align requirements for VASPs with the FATF recommendations.
February 19, 2021The new framework will use a four-point rating scale to grade FIs based on their inherent risks, risk management capabilities and self-assessment systems.
February 18, 2021The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.
February 16, 2021Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
February 15, 2021New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.
February 10, 2021Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
February 4, 2021RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
February 1, 2021The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
January 28, 2021