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PEPs & Sanctions
Pakistan Issues Consolidated List of Sanctioned Individuals, Entities
By Editors | 23/08/2020
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
Anti-Money Laundering
APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
By Editors | 19/08/2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.
PEPs & Sanctions
PEPs in the Limelight: Three Components to Mitigate Risk
By Editors | 19/08/2020
To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.
Anti-Money Laundering
Pakistan Legislature Progresses Five FATF-related Bills
By Editors | 18/08/2020
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
Anti-Money Laundering
Pakistan Senate Passes Amendments to Anti-Terrorism, UNSC Laws
By Editors | 31/07/2020
The amendments raise the maximum penalties for violating anti-terrorism laws, and empower the government to implement UN Security Council resolutions.
Anti-Money Laundering
Sri Lanka Fines 2 Banks, 3 Finance Firms for AML Failures
By Duruthu E Chandrasekera | 29/07/2020
Sri Lanka’s FIU has revealed that two banks and one finance company were penalised in 2019, and two other finance companies in 2020.
Anti-Money Laundering
New Report Highlights Ineffectiveness of Global AML/CTF Systems
By Manesh Samtani | 25/07/2020
A lot of countries may have strong AML/CTF systems in place, but in practice they are not working, says a new report from the Basel Institute on Governance.
Anti-Money Laundering
MAS Seeks Expanded Powers to Address Financial Sector Risks
By Manesh Samtani | 21/07/2020
MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
Capital Adequacy
G20 Officials Pledge Further Support to Global Economy
By Editors | 19/07/2020
The G20 officials have pledged to continue using all available policy tools to help support the global economy and enhance the resilience of the financial system.
Cloud & Infrastructure
APAC Regulators Driving Digital Transformation
By Rachel Woolley | 16/07/2020
The pandemic has made it abundantly clear that digital transformation is no longer optional, says Fenergo’s Rachel Woolley.
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