All posts tagged "Terrorist financing"
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379AML / KYCRevised FATF Standards ‘Clearly Apply’ to Stablecoins
Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
July 9, 2020 -
361AML / KYCFATF Progresses Key Initiatives at June 2020 Plenary
The Plenary discussed progress on virtual assets, stablecoins, illegal wildlife trade, and work on an enhanced framework for mutual evaluations and follow-up.
July 1, 2020 -
719AML / KYCBSP Prepares Guidelines to Regulate Virtual Asset Service Providers
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
May 22, 2020 -
900AML / KYCEuropean Commission Sets Out Action Plan to Root Out AML Loopholes
A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.
May 10, 2020 -
586AML / KYC
FATF Offers Policy Guidance for Managing Covid-19 Related AML Risks
FATF describes the ways in which AML/CFT policy responses can help support implementation of Covid-19 response measures, while also managing new risks and vulnerabilities.
May 5, 2020 -
989AML / 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The current approach to terrorist financing is one-dimensional, overly simplistic and outdated, says a new paper from RUSI's Centre for Financial Crime and Security Studies.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 -
2.3KAML / 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 -
981FeatureUS, 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 -
1.7KAML / KYCFATF Issues Draft Guidance on Digital Identity Systems
The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.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 -
1.1KAML / 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
