All posts tagged "Terrorist financing"
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568AML / KYCPhilippine SEC Proposes Stronger Rules on Beneficial Ownership
The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.
December 9, 2020 -
1.3KAML / KYCPhilippines Approves House Bill to Strengthen AML Law
The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
November 27, 2020 -
1.4KAML / KYCFATF President Calls on G20 to Fully Implement AML Standards
Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.
November 25, 2020 -
1.4KAML / KYCFSB Issues Final Recommendations on Regulating Global Stablecoins
Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.
October 13, 2020 -
1.5KAML / KYCEBA Calls for Harmonised AML/CFT Framework Across EU
Responding to a European Commission call for advice, the EBA says it recommends the establishment of a single rulebook to harmonise the AML/CFT framework across the EU.
September 11, 2020 -
1.6KAML / 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 -
694AML / 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 -
1.1KAML / 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 -
1.4KAML / 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 -
1.2KAML / 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
