Financial Action Task Force

Anti-Money Laundering

GCFFC Offers Recommendations on Improving AML Effectiveness

By Manesh Samtani | 12/07/2022

PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.

Cryptocurrency

US Treasury Outlines Approach to International Engagement on Crypto

By Editors | 11/07/2022

The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.

KYC & CDD

Taiwan to Streamline Identity Checks for Cross-border Remittances

By Darien Choong | 10/07/2022

The customer identity verification process for regular and reasonable cross border remittances can be further streamlined, the FSC said.

Anti-Money Laundering

FATF Outlines Priorities, Objectives for Singapore Presidency

By Editors | 04/07/2022

The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.

Anti-Money Laundering

Limited Progress Made on Travel Rule Implementation: FATF

By Editors | 01/07/2022

Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

Anti-Money Laundering

FATF Seeks Views on Improvements to Recommendation 25

By Editors | 30/06/2022

The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

Anti-Money Laundering

AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions

By Sanday Chongo Kabange | 22/06/2022

AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.

Anti-Money Laundering

UK Crypto Firms Required to Comply with Travel Rule by Sep 2023

By Manesh Samtani | 20/06/2022

The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.

Anti-Money Laundering

FATF Concludes Final Plenary Under German Presidency

By Editors | 19/06/2022

FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.