All posts tagged "financial intelligence"
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359AML / KYCAUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms
The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.
January 28, 2021 -
1.2KAML / KYCThe Best Weapon to Shut Down the Illegal Wildlife Trade
Freeland’s Steve Galster discusses new initiatives to stop illegal wildlife traffickers by hitting them where it hurts the most – in their bank accounts – and how financial institutions can help.
December 7, 2020 -
707AML / KYCUK Crime Agency Reveals Progress of SARs Reform Programme
Law enforcement will get a new single interface providing access to search, analysis and visualisation tools. SARs reporters will see the SAR Online portal upgraded.
November 30, 2020 -
791AML / KYCNew Zealand FIU Boasts ‘Excellent Outcomes’ in June
June saw the restraint of NZ$140mn from alleged money launderer Alexander Vinnik and the seizure of over 30 high-end cars from outlaw motorcycle gangs.
August 12, 2020 -
1.7KAML / KYCUsing Privacy Preserving Analysis to Tackle Financial Crime
Privacy enhancing technologies, or PETs, may provide a "similar or, even, identical utility" compared to analysis of the raw data in some use-cases, says an FFIS paper.
July 7, 2020 -
1.7KAML / 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 -
1.1KAML / KYCS. Korea AML/CFT Framework Significantly Strengthened: FATF
Korea demonstrates effective cooperation among local authorities, the private sector and foreign counterparts; and effective use and development of financial intelligence.
April 19, 2020 -
587AML / KYCAustralia: Senate Committee Backs Passage of AML Amendments
The bill allows firms to rely on KYC performed by third parties, strengthens correspondent banking protections, and promotes greater use of financial intelligence to combat financial crime.
March 12, 2020 -
1.2KAML / KYCTerrorist Financing Threat Requires More Effective Response
The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI's Centre for Financial Crime and Security Studies.
March 11, 2020 -
1.4KAML / KYCFATF Commends Korea, Warns Pakistan, Blacklists Iran
Korea has a sound legal and institutional framework. Pakistan is asked to complete its action plan. Countermeasures against Iran are reinstated.
February 24, 2020
