All posts tagged "FIU"
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428AML / KYCAPG Releases First Follow-up Report on Pakistan
The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.
October 18, 2020 -
287AML / KYCBangladesh ACC Calls For Tighter KYC Rules for NBFIs
The Anti-Corruption Commission says some NBFIs and cooperative societies are not collecting detailed customer information through their KYC processes.
October 15, 2020 -
800AML / KYCSri Lanka: CSE Enables Digital ID Verification for Account Opening
The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.
September 23, 2020 -
505AML / 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 -
620AML / KYCSri Lanka Fines 2 Banks, 3 Finance Firms for AML Failures
Sri 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, 2020 -
2.3KAML / KYCSpanish Court Penalises Four ICBC Employees for AML Violations
Criminal groups deposited millions of euros cash into accounts at ICBC Spain using split payments, in-house accounts and false identity documents to evade detection.
July 6, 2020 -
1.8KAML / KYCSri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
June 22, 2020 -
526AML / KYC
New Zealand Police Releases AML/CTF Assessment
NZ Police assessment identified trusts as attractive money laundering vehicles given government plans to exclude them from strengthened beneficial ownership disclosure regime
December 4, 2019 -
795AML / KYCFATF Removes Sri Lanka from ‘Grey List’; Pakistan to Remain
Sri Lanka has made "significant progress" to address strategic AML/CFT deficiencies; Pakistan has only largely addressed 5 of 27 action items and has failed to meet agreed deadlines.
October 23, 2019 -
524AML / KYCIndia Establishes High Level Panel on AML/CFT
The inter-ministerial committee comprises senior officials from government departments, ministries, law enforcement agencies and regulatory bodies, including the RBI, SEBI and IRDAI.
October 8, 2019
