Financial Action Task Force

Cryptocurrency

G20 Endorses Crypto Regulatory Roadmap, India Unlikely to Impose Ban

By Manesh Samtani | 12/09/2023

The G20 finance ministers and central bank governors will meet again next month to take the IMF-FSB crypto regulatory roadmap forward.

Cryptocurrency

FSB, IMF Publish Global Regulatory Roadmap for Crypto

By Manesh Samtani | 08/09/2023

The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.

PEPs & Sanctions

UK FCA Launches Review of Treatment of PEPs

By Editors | 07/09/2023

The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.

Anti-Money Laundering

APG Spotlights Money Laundering Associated With Tax Crimes

By Manesh Samtani | 06/09/2023

A key and “almost universal” element of money laundering associated with tax crimes is the concealment of beneficial ownership, APG says in a new report.

Anti-Money Laundering

India Ministry Gazettes Enhancements to AML/CFT Rules

By Editors | 05/09/2023

The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent

Anti-Money Laundering

Crypto Travel Rule Comes into Force in the UK

By Editors | 04/09/2023

The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.

Anti-Money Laundering

Cayman Islands Proposes Beneficial Ownership Transparency Bill

By Manesh Samtani | 04/09/2023

Public access to the beneficial ownership register will be enabled, but only after there is clarity on the effect of the CJEU’s November 2022 ruling.

Anti-Money Laundering

Understanding the Value of Global Identifiers in the Fight Against Financial Crime

By Clare Rowley | 31/08/2023

Clare Rowley explores how the LEI is uniquely positioned to strengthen the fight against international financial crime.

Anti-Money Laundering

FATF Releases Mutual Evaluation Report for Brunei

By Manesh Samtani | 30/08/2023

The report notes that Brunei has a new framework on beneficial ownership transparency, but that it is experiencing implementation challenges.