All posts tagged "hawala"
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458AML / KYCFATF Spotlights ML/TF Risks Associated with Migrant Smuggling
Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.
March 23, 2022 -
579AML / KYCFATF Plenary Finalises New Beneficial Ownership Requirements
Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022 -
227AML / KYCCBSL to Prosecute Remittances via Informal Channels Under AML Law
Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.
December 7, 2021 -
1.1KAML / KYCIndian Authorities Raid Chinese Entities Over Money Laundering Concerns
Chinese shell companies and individuals and their Indian associates, including bankers and accountants, were allegedly involved in hawala and money laundering transactions.
August 17, 2020
