All posts tagged "terrorism financing"
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634AML / KYCPBOC Issues Draft AML Rules for Beijing Real Estate Sector
The guidelines impose obligations on developers and intermediaries to strengthen AML supervision and management in real estate transactions.
October 27, 2020 -
1.1KAML / KYCCovid-19 Presents Opportunity to Disrupt Criminals: APG
In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.
September 21, 2020 -
687AML / KYCPhilippine Lawmakers Approve Strict New Anti-Terrorism Law
Wiretaps and arrests can be carried out without a warrant. Bank records can be inspected without a court order. Life imprisonment without parole can be imposed for facilitating terrorist acts.
June 4, 2020 -
1.9KAML / 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 -
1.1KAML / 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The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI's Centre for Financial Crime and Security Studies.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 -
1.7KAML / 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 -
586AML / 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 -
466AML / 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 -
519AML / 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 -
480AML / 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
