The register requires foreign buyers of UK property to disclose their true beneficial ownership and verify their identities with Companies House.
August 3, 2022The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.
July 28, 2022The woman used 23 personal bank accounts to launder the money over three years, mostly for shell companies set up by individuals from mainland China.
June 22, 2022The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.
June 1, 2022DBS' Chee Kin Lam and HSBC's Jamil Ahmed discuss COSMIC’s development and how the platform will work to help combat financial crime.
May 20, 2022Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
May 18, 2022The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
May 13, 2022The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
April 18, 2022