All posts tagged "Terrorist financing"
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701AML / KYCFIs Must Continue to Innovate Approach to AML: HKMA
Executive director Carmen Chu says work is underway to update HKMA's guidance on name screening, transaction monitoring and suspicious transaction reporting.
April 27, 2022 -
373AML / KYCFATF Vows ‘Swift and Decisive Action’ on Effectiveness
The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022 -
427AML / KYCFSA Offers Update on Work to Strengthen Japan’s AML System
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new 'beneficial ownership list system' has been established.
April 18, 2022 -
405AML / KYCEBA Outlines AML/CFT Challenges Faced by EU Supervisors
In a new report, the EBA outlines findings from its second round of assessment of the approaches AML/CFT supervisors are using in the banking sector.
March 28, 2022 -
423AML / KYCFATF Spotlights ML/TF Risks Associated with Migrant Smuggling
Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.
March 23, 2022 -
427Fintech / RegtechMAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon
MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a "tokenised economy" by 2030.
November 3, 2021 -
524AML / KYCFATF Concludes Plenary, Finalises Work in Key Areas
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
October 23, 2021 -
516AML / 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 -
622AML / 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 -
625Big 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
