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, 2020The amendments raise the maximum penalties for violating anti-terrorism laws, and empower the government to implement UN Security Council resolutions.
July 31, 2020Sri Lanka's FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.
July 30, 2020A lot of countries may have strong AML/CTF systems in place, but in practice they are not working, says a new report from the Basel Institute on Governance.
July 26, 2020MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
July 22, 2020The G20 officials have pledged to continue using all available policy tools to help support the global economy and enhance the resilience of the financial system.
July 20, 2020The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo's Rachel Woolley.
July 16, 2020Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
July 9, 202035 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.
July 2, 2020