Amended AMLC guidelines say no administrative, criminal or civil proceedings shall lie against any person for filing CTRs or STRs in good faith.
January 3, 2024Regulated firms that don't identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.
September 27, 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, 2023MinLaw urged precious metals dealers to review their transactions and business relationships. The Council for Estate Agencies is investigating property agents.
August 29, 2023Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.
July 31, 2023OJK's Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
June 22, 2023The revised master directions highlight the need for all wire transfers to be accompanied by accurate and complete originator and beneficiary information.
May 5, 2023The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.
April 27, 2023Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.
March 6, 2023