All posts tagged "legal persons"
-
720AML / KYCCountries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF
The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022 -
539AML / 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Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.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 -
434AML / KYCPhilippine AMLC Asks Firms to Provide UBO Information in STRs
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
September 10, 2021 -
351AML / KYCJapan to Form Cross-agency AML Team Following FATF Review
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
July 5, 2021 -
554AML / KYCFATF Publishes New Zealand Mutual Evaluation Report
Of the 40 recommendations, New Zealand is 'Compliant' on 21, 'Largely Compliant' on 7, and 'Partially Compliant' on 12.
April 30, 2021 -
1.1KAML / 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 -
920AML / KYCPakistan Legislature Progresses Five FATF-related Bills
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
August 18, 2020 -
3.5KAML / KYCHolding the Line on Ultimate Beneficial Ownership
Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.
March 25, 2020 -
1.4KAML / KYC
FATF Issues Best Practice Paper on Beneficial Ownership
FATF mutual evaluations have shown that many jurisdictions are still finding it challenging to ensure transparency of ownership of legal persons.
October 29, 2019
