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Anti-Money Laundering
Crypto to Become One of the ‘Safest Environments Ever’
By Manesh Samtani | 28/07/2021
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
Anti-Money Laundering
European Commission Presents Package of AML/CFT Reforms
By Editors | 23/07/2021
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
Anti-Money Laundering
Japan Banks to Deploy Shared System for AML/CFT Monitoring
By Manesh Samtani | 22/07/2021
The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
Anti-Money Laundering
Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
By Manesh Samtani | 14/07/2021
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
Anti-Money Laundering
FATF Urges Faster Implementation of Travel Rule in Crypto Sector
By Editors | 06/07/2021
Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
Anti-Money Laundering
FATF Examines Collaborative Analytics and the Need for Privacy
By Manesh Samtani | 06/07/2021
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
Anti-Money Laundering
FATF Examines Technology Use in AML/CTF Efforts
By Manesh Samtani | 05/07/2021
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain “very important”.
Anti-Money Laundering
Japan to Form Cross-agency AML Team Following FATF Review
By Editors | 05/07/2021
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
Anti-Money Laundering
Indonesia, Brunei to Cooperate on AML/CTF in Payments
By Editors | 03/07/2021
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
Anti-Money Laundering
Binance Deploys New AML Solution Amid Regulatory Pressure
By Ranamita Chakraborty | 01/07/2021
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
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