Although the new faster payment system in the United States has been touted as an industry-led effort from its inception, a new paper makes clear that authorities will maintain a firm involvement...
The Financial Action Task Force (FATF) has carried out a mutual evaluation report on anti-money laundering/counter-terrorism financing (AML/CTF) measures in Mongolia, providing a summary of the...
Switzerland’s regulator has proposed a series of new rules for financial intermediaries, which legal experts suggest could end up being a significant burden on affected institutions.
Tens of thousands of unregistered money services businesses are acting illegally in the U.S, a former Treasury official has claimed, in a damning report of the country’s efforts to combat money...
Hungary, Italy and Luxembourg have once again been ranked as the EU’s worst member states for financial crime in a global index that scores countries based on the effectiveness of their anti-money...
The Financial Action Task Force (FATF) has carried out a mutual evaluation report of Denmark’s anti-money laundering and counter-terrorism financing (AML/CTF) system, including Greenland and the...
Denmark’s regulatory framework for tackling financial crime has fallen short of international standards, according to a review by the Financial Action Task Force (FATF).
Global standards-setting bodies are pushing for revamped due diligence laws and modernised know your customer (KYC) processes to ensure a growing displaced population is not shut out of the formal...
During a plenary session of the Technical Working Group on Mutual Evaluations of the Latin American Financial Action Group (GAFILAT), Costa Rica's achievements in five key areas have been formally...
Plans to establish the Financial Action Task Force (FATF) as a legal entity could strengthen its enforcement powers but may not answer questions about the effectiveness of its risk-based approach...
The European Commission has relented to pressure from parliamentarians over its blacklist of high-risk countries, confirming plans to carry out its own assessments of jurisdictions’ financial crime...
The Financial Action Task Force (FATF) has presented its plans to the G20 group of world leaders, aiming to up the fight against terrorist financing and to protect remitters from the effects of de...
The Financial Action Task Force (FATF) is consulting with private sector stakeholders on the proposed text of the draft guidance for private sector information sharing, as sharing information...
A major global financial crime watchdog is making moves to address legal complications that restrict information sharing within the private sector for anti-money laundering purposes.
Despite legislative reforms and major enforcement operations, Brazil’s financial crime frameworks are still the subject of sustained criticism from the Financial Action Task Force (FATF).
As the U.S. financial sector grapples with a period of legal unpredictability, industry heavyweights are setting their sights on reforming another long-standing piece of banking regulation: the...

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