All posts tagged "Financial Intelligence Unit"
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761AML / KYCFATF Releases Mutual Evaluation Report on China
Some of the gaps identified relate to an insufficient focus on non-financial businesses and professions, difficulties identifying beneficial ownership, and an inadequate sanctions framework.
April 19, 2019 -
835AML / KYCUN Security Council Resolution Targets Terrorism Financing
The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
April 1, 2019 -
420Asia-PacificPhilippines’ RCBC Sues Bangladesh Bank for Defamation
In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh's central bank.
March 15, 2019 -
816AML / KYC
FATF Commends China, Sri Lanka; Watchlists Cambodia
The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.
February 26, 2019 -
816AML / KYCSingapore Toughens Penalties for AML/CTF Offences
Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.
November 21, 2018 -
319AML / KYCSri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
April 2, 2018
