Tag: FATF

The intersection of cybersecurity and financial crime has emerged as a pivotal area of concern for both regulators and businesses globally. According to Arctic Intelligence,...

In December 2024, the South African Treasury published the draft AML and CTF Amendment Bill, which is now open for public comment.

Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions...

Jersey has long stood as a pinnacle of financial services excellence, renowned globally for its robust trust and company administration services. According to Corlytics, catering...

The FATF has placed significant emphasis on the revision of Recommendation 16, known as the "Travel Rule," in response to the evolving landscape of payment technologies.

Singapore’s new national anti-money laundering (AML) strategy introduces a comprehensive framework structured around three core pillars: Prevent, Detect, and Enforce, which collectively aim to enhance the financial sector's ability to combat illicit money flows.

In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs.  According...

In the world of AML compliance, understanding the risks associated with Politically Exposed Persons (PEPs) is crucial.

When delving into the complexities of KYC and KYB procedures, it's evident that these frameworks are pivotal in safeguarding financial systems. According to AIPrise, however,...

In the evolving landscape of financial regulation, institutions face increasing pressure to implement robust due diligence systems.