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, 2022Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.
October 18, 2022PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.
July 13, 2022The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.
June 1, 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, 2022Mutual evaluations also do not adequately take into account threat, materiality, and contextual factors. The FATF should promote the use of PPPs and data sharing.
March 4, 2022New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
January 27, 2022Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.
November 12, 2021Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India's mutual evaluation is expected to take place around May 2022.
November 7, 2021The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
October 22, 2021