All posts tagged "Terrorist financing"
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259AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021 -
279AML / KYCBasel AML Index Calls Out Ineffectiveness Across Jurisdictions
Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.
September 22, 2021 -
445Big PictureWEF Paper Calls for Balanced Approach to Crypto Regulation
Rather than banning cryptocurrencies, regulators are urged to collaborate to create regulatory clarity, close loopholes and mitigate regulatory arbitrage.
September 7, 2021 -
473AML / KYCFATF Releases Mutual Evaluation Report for Japan
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021 -
204AML / KYCChina, UAE Agree to Exchange Intelligence on AML Investigations
The FIUs in China and the UAE will exchange information on investigations concerning money laundering, terrorist financing, and the persons or entities involved.
August 9, 2021 -
332AML / KYCBangladesh Bank Reiterates Ban on Cryptocurrency
Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.
August 5, 2021 -
281AML / KYC
FATF Urges Faster Implementation of Travel Rule in Crypto Sector
Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
July 6, 2021 -
358AML / KYCFATF Examines Collaborative Analytics and the Need for Privacy
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
July 6, 2021 -
155AML / KYCFinCEN Publishes First Government-wide AML/CFT Priorities
FinCEN will publish new rules within 6 months reflecting the priorities, which identify the most significant AML/CFT threats currently facing the US.
July 6, 2021 -
293AML / KYC
FATF Examines Technology Use in AML/CTF Efforts
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021
