Effective implementation of the FATF Standards, including the 'travel rule', is needed to combat a recent surge in ransomware attacks.
October 16, 2020The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
October 15, 2020This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China's prohibition on virtual asset activities.
October 2, 2020Accountants will not be allowed to establish business relationships or conduct transactions with clients until their identities and actual beneficiaries are verified.
October 2, 2020The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
September 30, 2020The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.
September 30, 2020New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
September 29, 2020A 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, 2020The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
September 22, 2020The 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