All posts tagged "terrorism financing"
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1.1KAML / KYCFATF Encourages Technology Use to Address Covid-19 Challenges
Criminals and terrorists may seek to exploit gaps and weaknesses in national AML/CFT systems, under the assumption that resources are focused elsewhere, the FATF says.
April 2, 2020 -
799AML / KYCTerrorist Financing Threat Requires More Effective Response
The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI's Centre for Financial Crime and Security Studies.
March 11, 2020 -
1.3KAML / KYCFinancial Quarantine: Understanding FATF’s Call for Action on Iran
Nick Turner at Steptoe & Johnson explains the implications of the FATF's recent decision to return Iran to its so-called ‘blacklist’.
March 2, 2020 -
484AML / KYCAUSTRAC, Home Affairs Dept Highlight Benefits of Blockchain
The Department of Home Affairs and AUSTRAC say blockchain has the potential to significantly reduce compliance costs and the regulatory burden imposed on reporting entities.
February 18, 2020 -
342AML / KYCUS Law Firms Launch New Class Actions Against Westpac
The class actions seek damages for investors who lost money on Westpac ADRs following the civil penalty orders filed against the bank by AUSTRAC last November.
February 4, 2020 -
395AML / KYCSingapore Convicts a Second National for Terrorism Financing
Imran Kassim became the first Singapore national to be charged for terrorism financing last April, but is the second to be convicted and sentenced.
January 15, 2020 -
396AML / KYCAUSTRAC, UK Gambling Commission Sign Anti-Financial Crime MOU
The signing of the MOU brings the number of jurisdictions AUSTRAC shares regulatory intelligence with to five, on top of 93 MOUs it has with financial intelligence units.
January 13, 2020 -
1.1KAML / KYCMAS Adopts FATF Standards on VASPs in Payment Services Act
MAS has proposed amendments will align the Payment Services Act with the most recent enhancements to the FATF Standards in relation to virtual asset service providers.
December 28, 2019 -
686FeatureMAS Consults on Application of Payment Services Act to Stablecoins
MAS seeks views on whether stablecoin holders deserve the same regulatory protections as e-money, and whether other regulations should be introduced to maintain price stability.
December 26, 2019 -
576AML / KYCBangladesh Publishes New National AML/CFT Strategy
The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.
November 23, 2019
