Finland will bolster its anti-money laundering (AML) department and implement a more stringent risk-based approach to supervision following criticism of its measures for combating financial crime.
On April 16, 2019, the Financial Action Task Force (FATF), after a comprehensive review of Finand's existing framework on anti-money laundering and counter-terrorist financing (AML/CTF), published...
Proliferation financing looks set to become a growing priority for financial institutions, as more governments and trade bodies follow the lead of the Financial Action Task Force (FATF) and turn...
On March 28, 2019, the Financial Action Task Force (FATF) published the fourth follow-up report and technical compliance re-rating of Norway, as adopted by the FATF Plenary at its February 2019...
On March 27, 2019, the Financial Action Task Force (FATF) published the first follow-up report and technical compliance re-rating of Italy, as adopted by the FATF Plenary at its February 2019...
Palestinian militant organisation Hamas has urged its followers to donate funds anonymously using global virtual currency exchange platforms, doubling down on efforts to boost its coffers using...
UK authorities will soon be issuing their response to the recent evaluation of the country by the Financial Action Task Force (FATF), with a strategic plan coming in the summer and an imminent...
On March 14, 2019, the Financial Action Task Force (FATF), ahead of the fourth round of its anti-money laundering and counter-terrorism financing (AML/CTF) mutual evaluations, published a report on...
EU member states on Thursday unanimously rejected a proposed list of countries with poor anti-money laundering (AML) and counter-terrorist financing (CTF) controls, sending the European Commission...
There were no prosecutions under the UK’s Money Laundering Regulations for more than a year after the transposition of recent European legislation, government statistics reveal.
The European commissioner in charge of a controversial dirty money blacklist that triggered a member state mutiny against Brussels launched a staunch defence of the list in front of supportive...
A mutiny by member states appears likely to shoot down the inclusion of Saudi Arabia in the European Commission’s draft list of jurisdictions with lacklustre anti-money laundering controls, and...
The world’s foremost standards-setting body on countering illicit finance has urged countries to bring virtual currency regulation up to the standard of that for traditional currency as it...
On February 22, 2019, the Financial Action Task Force (FATF) released a public consultation in relation to its Interpretive Note for Recommendation 15, recognising the need for the implementation...
On February 21, 2019, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published the second enhanced follow-up report and...
The UK government has been urged to furnish the country’s financial intelligence unit with dozens more staff and modernise its IT infrastructure to rectify shortcomings in its fight against...

Pages