Tag: FATF

Cross-border money laundering thrives where rules diverge. Criminals exploit the inconsistencies in supervision, disclosure, and enforcement across jurisdictions, flowing funds through loosely monitored entities,...

The UAE’s removal from the FATF grey list represents a major turning point for regulated entities across the region. From Abu Dhabi to Dubai, and across zones like DIFC and ADGM, the move signals international recognition of the country's progress in strengthening its anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. Yet, while the delisting is a milestone, it is far from the finish line.

Smaller financial institutions are facing mounting structural challenges in meeting anti-money laundering (AML) requirements, despite being held to the same regulatory standards as their...

Switzerland’s financial sector is undergoing a sweeping transformation in its fight against financial crime, prompted by new regulations set to take effect in 2025....

As compliance demands increase and regulations continue to tighten, financial institutions are under pressure to rethink their client lifecycle management processes. The traditional ‘one-size-fits-all’...

As regulatory frameworks evolve, 2025 marks a pivotal year in global KYC compliance. Jurisdictions that once acted independently are now increasingly aligned in how...

Between $800bn and $2tn is laundered globally each year, placing immense pressure on financial institutions to deploy robust transaction screening and monitoring systems. When...

The Financial Action Task Force (FATF) has updated its list of monitored jurisdictions, adding Bolivia and the British Virgin Islands (BVI) to its grey list while removing Croatia, Mali and Tanzania.

Traditional retail banks are under pressure as FinTechs and neobanks continue to draw customers away with faster, more intuitive digital services. Built on flexible,...

Australia has taken a significant step in tightening its anti-money laundering regime with the passage of the AML/CTF Amendment Bill in November 2024. The reforms aim to enhance enforcement against financial crime and bring the country closer in line with global standards set by the Financial Action Task Force (FATF).