Financial Action Task Force

Cryptocurrency

G20 Leaders Adopt IMF-FSB Roadmap on Crypto Assets

By Editors | 16/10/2023

The G20 finance ministers and central bank governors called for “swift and coordinated implementation” of the roadmap.

Anti-Money Laundering

Germany’s FIU Head Resigns Over Hidden SAR Backlog – Report

By Editors | 16/10/2023

The government has acknowledged that the FIU did not disclose a backlog of over 100,000 unprocessed suspicious activity reports to the FATF during its last evaluation.

Anti-Money Laundering

SEBI Revises AML Guidelines for Securities Market Intermediaries

By Mark Johnston | 13/10/2023

The revisions lower the shareholding threshold for partners of a firm to be considered as beneficial owners from 15 to 10 percent, among other changes.

Anti-Money Laundering

ML/TF Risks Facing the Australian Legal Profession: Report

By Manesh Samtani | 11/10/2023

Luke Murphy, president of the Law Council of Australia, said there are vulnerabilities but they can be managed by augmenting existing controls.

Anti-Money Laundering

Pakistan Set to Establish Autonomous AML Authority – Report

By Sanday Chongo Kabange | 06/10/2023

The authority will be tasked with tracking and monitoring money laundering and terrorist financing, while also serving as a policymaking body.

Anti-Money Laundering

Australia’s AML/CTF Overhaul: What it Means for Real Estate Agents

By Jeremy Moller | 05/10/2023

Jeremy Moller outlines considerations for real estate agents, property managers and other organisations potentially subject to the proposed ‘Tranche 2’ reforms.

Clearing & Post-Trade

ESMA Withdraws JSE Clear’s Recognition Decision

By Editors | 29/09/2023

JSE Clear will no longer be permitted to provide clearing services to clearing members or trading venues in the EU.

Supervision & Enforcement

FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery

By Manesh Samtani | 21/09/2023

FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.

Anti-Money Laundering

Singapore’s Property Sector Under Scrutiny for Money Laundering Risks

By Ranamita Chakraborty | 19/09/2023

Thong Chee Kun and Gazalle Mok from Rajah & Tann Singapore tell Regulation Asia that it is crucial for real estate developers and agents to conduct regular risk assessments and AML training to identify evolving money laundering risks and techniques.