New guidance enhances the risk assessment standards in coin-listing policies and requires licensees to also develop coin-delisting policies.
November 16, 2023Regulated entities should review their risk assessments to ensure they reflect the increased ML/TF risks that could arise from a data breach.
November 5, 2023BNM governor Datuk Abdul Rasheed Ghaffour discussed efforts underway in Malaysia to tackle the challenges of scams.
October 6, 2023Licensees will have to board-approved policies for listing and delisting coins. NYDFS asks firms to start drafting their coin-delisting policies now.
September 20, 2023Risks from customers can affect a bank’s ability to have enough liquidity in challenging markets, the FCA's Simon Walls said in a letter to bank CEOs.
September 14, 2023If sanctioned items are exported to third countries and then re-exported to Russia, the underlying due diligence inadequacies will be considered sanctions law violations.
September 12, 2023The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.
September 6, 2023Laos is rated "non-compliant" on nine of the FATF's 40 recommendations, and "partially compliant" on 22 recommendations.
August 30, 2023Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.
August 17, 2023The guide offers a 'virtual assets risk assessment framework', as well as risk mitigation strategies and best practices.
August 12, 2023