The highest risks were identified among informal money remitters, real estate agents, banks and finance companies.
September 22, 2023The report notes that Brunei has a new framework on beneficial ownership transparency, but that it is experiencing implementation challenges.
August 31, 2023Laos is rated "non-compliant" on nine of the FATF's 40 recommendations, and "partially compliant" on 22 recommendations.
August 30, 2023The new Federal Bureau of Financial Intelligence will introduce a new investigations procedure and offer specialised AML training courses.
July 26, 2023The court dismissed a monetary penalty previously imposed on PayPal for failure to comply with the reporting obligations under the PMLA.
July 26, 2023The GST Network has been added as the 26th entity that must share information with the ED and FIU under the PMLA.
July 8, 2023New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.
June 22, 2023The revised master directions highlight the need for all wire transfers to be accompanied by accurate and complete originator and beneficiary information.
May 5, 2023Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country's key risks.
April 28, 2023The ‘Federal Authority for Fighting Financial Crime" will absorb the functions of the FIU and also be responsible for enforcing international sanctions.
April 3, 2023