Financial Action Task Force

    Anti-Money Laundering

    FATF Joins UN Counter-Terrorism Coordination Compact

    By Editors | 14/06/2022

    Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

    Anti-Money Laundering

    FATF Re-rates UK for Progress on Correspondent Banking

    By Editors | 14/06/2022

    The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

    Anti-Money Laundering

    IMF Calls on Philippines to Enhance AML Supervision

    By Sanday Chongo Kabange | 14/06/2022

    Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

    Anti-Money Laundering

    FATF Issues Report on Digital Tools for Law Enforcement

    By Editors | 12/06/2022

    The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

    Anti-Money Laundering

    DOJ Calls for Stronger International Cooperation on Crypto Crime

    By Editors | 08/06/2022

    The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

    Anti-Money Laundering

    FATF Re-rates New Zealand for Progress on UBO Transparency

    By Editors | 31/05/2022

    The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.

    Cryptocurrency

    ISDA AGM Highlights Global Scrutiny of Crypto Sector

    By Manesh Samtani | 14/05/2022

    Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.

    KYC & CDD

    Wolfsberg Group Offers Guidance on Adverse Media Screening

    By Editors | 12/05/2022

    New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.

    Cryptocurrency

    The EU’s MiCA Races to Create a Regulatory Superhighway

    By Ari Redbord | 11/05/2022

    Ari Redbord outlines what crypto-asset service providers need to understand as discussions continue on an EU-wide regulatory framework for crypto.

    Anti-Money Laundering

    MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering

    By Mark Johnston | 11/05/2022

    Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.

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