MAS inspections found "executional lapses" in this area as a result of "weak oversight" and "lack of risk awareness and vigilance".
September 1, 2023China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.
November 30, 2022Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF's Bo Li.
October 19, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022The 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, 2021A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
July 5, 2021Of the 40 recommendations, New Zealand is 'Compliant' on 8, 'Largely Compliant' on 20, and 'Partially Compliant' on 12.
April 30, 2021The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.
October 18, 2020Pakistan 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