Financial Action Task Force

Anti-Money Laundering

Australia Introduces AML/CTF Reform Bill to Parliament

By Sanday Chongo Kabange | 11/09/2024

The amendment bill will bring tranche 2 entities into scope and modernise the regulation of virtual assets and payments tech.

Anti-Money Laundering

New Zealand to Introduce AML Amendment Bill in November

By Sanday Chongo Kabange | 03/09/2024

A new cabinet paper sets out 25 proposals for further amendments to New Zealand’s AML/CFT Act.

Anti-Money Laundering

All Eyes Are on Singapore and its Fight Against Dirty Money

By Tom Keatinge | 22/08/2024

For the past two years, Singapore has led the global fight against dirty money. It’s now time for it to focus on the home front again, says Tom Keatinge.

PEPs & Sanctions

FATF Calls on India to Enhance Scrutiny of Domestic PEPs – Report

By Ajoy K Das | 12/08/2024

The FATF calls for tighter account opening scrutiny for domestic PEPs and their families, and more rigorous monitoring of their bank accounts.

KYC & CDD

Cayman Islands: New Beneficial Ownership Regime Commences

By Editors | 09/08/2024

Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.

Anti-Money Laundering

Singapore Parliament Passes Bill to Strengthen AML Regime

By Nithya Subramanian | 07/08/2024

The amendment bill will enable STRO to access more intelligence from government agencies and make it easier for prosecutors to pursue cases.

AI Risk & Governance

Regulating GenAI: New Tools, Old Challenges

By Bradley Maclean | 30/07/2024

Striking the right balance between automation and human expertise is vital to ensure the effective use of GenAI technology.

Anti-Money Laundering

A Whole New World for the Financial Action Task Force?

By Fatima Alsancak | 29/07/2024

With the next round of country assessments starting, the new FATF President has a lot of work to do over the next two years.

Anti-Money Laundering

Humanitarian Crisis in Gaza Being Exploited for Terror Financing

By Ranamita Chakraborty | 26/07/2024

Singapore’s Internal Security Department warns that charities and NGOs are being used by Hamas networks to raise funds globally.