All posts tagged "Terrorist financing"
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433AML / KYCEBA Consults on Revised ML/TF Risk Factors Guidelines
The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.
February 7, 2020 -
737FeatureUS, Singapore Jointly Declare Opposition to Data Localisation
The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.
February 6, 2020 -
1.3KAML / KYCFATF Issues Draft Guidance on Digital Identity Systems
The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.
November 1, 2019 -
1.0KAML / KYCSingapore: New Platform Targets AML Risks in Trade Finance
The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.
September 9, 2019 -
874AML / KYCHKMA Offers Guidance in Response to FATF Report
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
September 6, 2019 -
2.9KAML / KYCBNM to Enforce AML Compliance at Law Firms in 2020
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
August 30, 2019 -
624EnforcementGovt Panel Formally Recommends Complete Crypto Ban in India
An inter-ministerial committee has formally recommended a complete ban on cryptocurrencies in India and to punish any crypto-related activity with up to 10 years' jail.
July 24, 2019 -
1.3KAML / KYCHKMA Grades SVF Sector as ‘Medium Risk’ in Latest AML/CTF Assessment
While most of the sector presents low risk, higher risk has emerged in SVF products that allow overseas cash withdrawals, cross border remittances, and person-to-person transfers.
July 22, 2019 -
1.6KAML / KYCFATF Issues Guidance on Terrorist Financing Risk Assessments
The guidance provides good approaches, relevant information sources and practical examples for practitioners to consider when assessing terrorist financing risk at the jurisdiction level.
July 8, 2019 -
663AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019
