Tag: FATF
Australia’s fight against financial crimes: Arctic Intelligence’s CEO pushes for AML/CTF...
The Attorney General’s Department (AGD) in Australia initiated a public consultation on 20 April 2023 to discuss proposed reforms to the country’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. These potential changes aim to broaden the current AML/CTF legislation to cover 'tranche-two' high-risk sectors including lawyers, accountants, real estate agents, company service providers, and dealers in precious metals and stones.
The crucial role of comprehensive AML/CTF risk assessments in business success
In today's dynamic business environment, organisations are facing ever-increasing compliance regulations. As a result, business-wide anti-money laundering (AML) and counter-terrorism financing (CTF) risk assessments...
The Implication of New AML/CTF Laws for Professionals in Australia
Australia is expected to reveal the details of its updated Tranche 2 anti-money laundering (AML) and counter-terrorism financing (CTF) laws towards the end of...
What is the Travel Rule for crypto?
Cryptocurrency is becoming increasingly popular, but so is its use for money laundering. The Financial Action Task Force (FATF) recently revealed the Travel Rule for crypto, but what does this mean?
How FATF’s ultimate beneficial ownership changes affect your risk-based approach
Earlier this year, the Financial Action Task Force adopted amendments to Recommendation 24 – one of its 40 recommendations that govern global AML policy – making changes to Ultimate Beneficial Ownership. How will this impact your company?
Financial Action Task Force’s draft guidance on virtual assets could be...
The new draft guidance on virtual assets from the Financial Action Task Force (FATF) might its attempt to keep up with the rising pace of the virtual asset market, according to Sigma Ratings.
FATF releases new guidance on digital identity
Financial Action Task Force (FATF) has released a new guidance report on digital identity as the number of digital transactions continues to rise.
Pakistan hopes to soon be out of FATF’s grey list
Pakistan is hoping to be removed from the Financial Action Task Force’s (FATF) grey list soon after it improved its foreign and internal policies.
Seven more countries on Financial Action Task Force’s watchlist
The Financial Action Task Force (FATF) has added an additional seven more countries to its high-risk jurisdictions list for deficiencies in their anti-money laundering or counter terrorism financing protocols.
World Federation of Exchanges welcomes FATF’s virtual asset service provider recommendations
The World Federation of Exchanges (WFE) has welcomed the recommendations from the Financial Action Task Force (FATF) on mitigating risks associated with virtual asset service providers.
