All posts tagged "mutual evaluation"
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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 -
585AML / KYCGCFFC Offers Recommendations on Improving FATF Mutual Evaluations
Mutual 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, 2022 -
879AML / KYCPBOC Finalises CDD Rules, Launches Nationwide AML Campaign
New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
January 27, 2022 -
363AML / KYCAPG Re-rates Sri Lanka on One FATF Recommendation
Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.
November 12, 2021 -
356AML / KYCIndia Undergoes National Risk Assessment on ML/TF Risks
Central 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, 2021 -
713AML / KYCFATF Addresses Pandora Papers With New BO Requirements
The 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 -
461AML / KYC
FATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
233AML / KYCNZ FMA Toughens Approach to AML Non-Compliance
The FMA's James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
October 1, 2021 -
838AML / KYCFATF Releases Mutual Evaluation Report for Japan
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021 -
361AML / KYCFATF Framework Can Better Support Financial Inclusion: RUSI
There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.
June 17, 2021
