All posts tagged "risk assessments"
-
209AML / KYCRisk Assessments Should Focus on National Priorities: Wolfsberg Group
Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.
July 5, 2021 -
221AML / 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 -
308AML / KYCJapan FSA Sets Hard Deadline for Full AML/CFT Compliance
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021 -
138AML / KYCPhilippine SEC Rates Securities Sector for Money Laundering
The SEC found that investment houses and underwriters presented 'medium-high' risk, compared to 'medium' risk for the securities sector overall.
May 13, 2021 -
702AML / KYCAUSTRAC Publishes Regulatory Guides on Strengthen AML Controls
The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.
March 31, 2021 -
644AML / KYC
FATF Releases Draft Guidance on Proliferation Financing Risk
The FATF is seeking feedback on the guidance from financial institutions and DNFBPs and will revise the text ahead of June 2021 discussions.
March 2, 2021 -
489ChinaPBOC to Step Up Efforts to Advance Green Finance Agenda
A comparative study is about to be completed, which will pave the way for the launch of a China-EU Shared Classification Catalogue for Green Finance later this year.
February 11, 2021 -
714AML / KYC
PBOC Revises AML Rules to Enhance Supervisory Scope
With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
January 2, 2021 -
1.4KAML / KYC
China Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
995FeatureNGFS Publishes Scenarios for Climate Risk Assessments
The publications on reference scenarios and monetary policy will allow NGFS members and the FIs they supervise to better identify, quantify and mitigate climate risks in the financial system.
June 26, 2020
