Customers are told they need to show strong evidence of need to make large withdrawals.
November 24, 2023AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the "important role" they play in stopping financial crime.
November 3, 2023BaFin said Deutsche Bank submitted suspicious transaction reports to the FIU "with a delay".
October 23, 2023The revisions lower the shareholding threshold for partners of a firm to be considered as beneficial owners from 15 to 10 percent, among other changes.
October 18, 2023The government has acknowledged that the FIU did not disclose a backlog of over 100,000 unprocessed suspicious activity reports to the FATF during its last evaluation.
October 17, 2023The highest risks were identified among informal money remitters, real estate agents, banks and finance companies.
September 16, 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, 2023