FATF
A similar notice was issued for the Stored Value Facility (SVF) sector… 11 August 2021 The Chief Executive All Authorized Institutions Dear Sir / Madam, Supporting the Use of New Technologies for AML/CFT: Suggested Actions for the Hong Kong Banking Sector I am writing to update Authorized Institutions (AIs) regarding […]
PRESS RELEASES Financial Action Task Force (FATF) Advances Its Work on Proliferation Finance, Virtual Assets, Financing of Racially or Ethnically Motivated Violent Extremism, and Financial Flows Linked to Conservation Crime June 25, 2021 WASHINGTON – Today the Financial Action Task Force (FATF) concluded its fourth virtual plenary since the start […]
Mitigating the Unintended Consequences of the FATF Standards In February 2021, the Financial Action Task Force (FATF) launched a new project to study and mitigate the unintended consequences resulting from the incorrect implementation of the FATF Standards. The project will focus on four main areas: De-risking, or the loss or […]
Public consultation on FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers The Financial Action Task Force (FATF) is updating its Guidance on the risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs). The FATF originally published this Guidance in June 2019 when […]
Statement on inspection in Vestjysk Bank A / S (money laundering area) In September 2020, the Danish Financial Supervisory Authority carried out an inspection of Vestjysk Bank (the bank). The inspection was an investigation of the money laundering area. The inspection included the bank’s risk assessment, policies, procedures and internal controls. In addition, […]
PRESS RELEASES Financial Action Task Force (FATF) Advances Its Work on Operational Measures to Prosecute Terrorist Financing and Virtual Assets February 25, 2021 Washington – The Financial Action Task Force (FATF) concluded its second plenary meeting during the German Presidency, its third virtual plenary since the start of the ongoing COVID-19 […]
FATF and Egmont Group publish new report on trade-based money laundering The FATF and Egmont Group have prepared a report to help the public and private sectors with the challenges of detecting trade-based money laundering. The report sets out recommendations for managing the risks of trade-based money laundering, and clarifies […]
Le français suit Posted on OSFI’s website: Update on jurisdictions with strategic deficiencies identified by the Financial Action Task Force (FATF). OSFI will no longer be sending email updates of FINTRAC advisories. To be notified of FINTRAC updates, you may wish to join its mailing list, subscribe to its RSS feed or follow FINTRAC on […]
In conjunction with the latest advisories from the Financial Action Task Force (FATF), HM Treasury issued an advisory notice about AML/CFT with regard to these high-risk countries. Here is the introductory section: HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions Requirement to apply Enhanced […]
6 December, 2019 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF) On October 18, 2019, the Financial Action Task Force (FATF) issued a Public Statement and a statement on Improving Global Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Compliance. These […]
Mr. Watchlist 