All posts tagged "FATF"
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1.7KAML / 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 -
683AML / KYCFATF 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 -
1.7KAML / 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 -
5.3KAML / 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 -
2.7KAML / 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 -
2.4KAML / 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 -
965AML / 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 -
1.8KAML / KYCHumanitarian Trade with North Korea: A Matter of Trust
Eric A. Sohn at Dow Jones Risk & Compliance discusses what is needed for the US to agree to a mechanism for humanitarian trade with North Korea.
May 28, 2020 -
2.6KAML / KYC
Are Criminals Winning at Covid-19? Not Without a Fight
Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.
May 27, 2020 -
585AML / KYCMyanmar: YSX, Securities Firms Directed to Enhance AML Controls
The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020
