The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.
December 23, 2022The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.
November 8, 2022Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.
August 26, 2022The unregistered foreign VASPs including KuCoin were referred for investigation and will have their websites and transactions blocked in Korea.
August 22, 2022A coding error caused NAB-owned Bank of New Zealand to report incorrect locations to the FIU for around 50,000 domestic physical cash transactions.
July 11, 2022The FATF also commends the UK for progress made to expand its FIU's ability to conduct operational analysis.
June 15, 2022The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.
March 19, 2022Reporting entities are "uniquely positioned" to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.
March 17, 2022The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.
February 22, 2022The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021