Tag: FATF

The Swiss Financial Market Supervisory Authority (FINMA), the country’s financial markets watchdog, has finalised a partial overhaul of its Anti-Money Laundering Ordinance. This places fresh...

Ultimate beneficial ownership (UBO) registers rest on a simple premise: behind every company sits a real person who can be identified. According to RelyComply, that...

The UK’s move to make the Financial Conduct Authority (FCA) the Single Professional Services Supervisor for anti-money laundering (AML) and counter-terrorist financing (CTF) now...

The Financial Action Task Force (FATF), the global anti-money laundering standard setter, has published a new report that traces the money behind scam compounds. These...

A payment can pass through every routine check and still present a serious financial crime risk. A beneficiary name may resemble a sanctioned individual,...

The Financial Action Task Force (FATF), the global anti-money laundering watchdog, has taken Bulgaria, Monaco, Ivory Coast and the Democratic Republic of Congo off...

Trade-based money laundering (TBML) remains one of the hardest threats to detect across the global financial system. Criminal networks manipulate cross-border trade to move...

Singapore is expanding its approach to financial crime detection through COSMIC, a collaborative information-sharing platform designed to help banks identify suspicious activity across institutional...

Banks have long borne the brunt of regulatory scrutiny over anti-money laundering (AML) controls, but life insurers handling large premiums are increasingly attracting the...

Compliance obligations are spreading well beyond financial services, and according to RegTech firm CUBE, firms that wait for deadlines to force their hand risk...