All posts tagged "PF risk"
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775AML / KYCHow North Korean Cryptocurrency Abuse Is Expanding
Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.
July 19, 2022 -
616AML / KYCHong Kong Publishes ML/TF Risk Assessment Report
The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
July 12, 2022 -
547AML / KYCUK Crypto Firms Required to Comply with Travel Rule by Sep 2023
The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
June 21, 2022 -
864AML / 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 -
589AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021
