SEBI approved a number of proposals at its board meeting on Saturday, including measures to provide NPOs greater fund raising flexibility.
November 28, 2023The FATF adopted amendments to Recommendation 8 and its Interpretive Note and updated its best practices paper on combatting TF abuse of NPOs.
November 17, 2023The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.
November 14, 2023The FATF also agreed to revise its asset recovery and NPO-related recommendations, besides publishing three new reports.
October 30, 2023Japan was re-rated from partially compliant to largely compliant on four recommendations and from non compliant to partially compliant on one recommendation.
October 24, 2023SEBI proposes to reduce the minimum issue size and the minimum application size to facilitate more fund-raising for NPOs.
August 30, 2023Laos is rated "non-compliant" on nine of the FATF's 40 recommendations, and "partially compliant" on 22 recommendations.
August 30, 2023It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.
August 24, 2023The proposed amendments seek to address issues related to the over-application of preventive measures to the NPO sector, which hinders genuine non-profit activity.
July 1, 2023The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.
June 26, 2023