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 […]
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 […]
Outcomes FATF Plenary, 16-21 June 2019 Send Print Tweet Orlando, 21 June 2019 – FATF President Marshall Billingslea of the United States, chaired the third and last Plenary meeting under the U.S. Presidency in Orlando on 19-21 June 2019. During this Plenary, delegates celebrated the 30th Anniversary of the FATF. In recent […]
The legal underpinning: HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions Requirement to apply Enhanced Due Diligence for higher risk jurisdictions The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries. […]
Here’s the headline piece: Enforcement Action Central Bank of Ireland and Bank of Montreal Ireland plc. Bank of Montreal Ireland plc. reprimanded and fined €1,246,189 by the Central Bank of Ireland for breach of banking licence condition On 26 April 2019, the Central Bank of Ireland (the “Central Bank”) reprimanded […]
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1) FATF Statement on Democratic People’s Republic of Korea and Iran (2) FATF Statement on Improving Global AML/CFT Compliance: On-Going Process (3) Outcomes from the Meeting of the FATF Plenary, 20-22 February 2019 (1) FATF Statement on […]
OSFI and FINTRAC both sent out emails about this. FINTRAC’s email gives a bit more flavor: FINTRAC advisory on financial transactions related to countries identified by the Financial Action Task Force (FATF). This advisory includes information relating to the Ministerial Directive on the Democratic People’s Republic of Korea (DPRK) that […]
On July 11, Her Majesty’s Treasury (HMT) issued an Advisory Notice about the AML/CTF controls necessary for higher-risk jurisdictions, which also includes copies of FATF’s latest public statements: Requirement to apply Enhanced Due Diligence for higher risk jurisdictions The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the […]
Combatting terrorist financing, including the outcomes from the Ministerial Conference on the Fight against the Financing of Daesh and Al-Qaeda, organised by the French government In February 2018, the FATF adopted its second counter-terrorist financing operational plan of action, which provides a framework for a flexible and dynamic response to […]
On December 4th, The Hong Kong Monetary Authority issued circulars recounting the latest statements from the Financial Action Task Force – one circular for Stored Value Facilities (SVF) one for Authorized Institutions (AI). Here’s the SVF one: The Chief Executive All Stored Value Facility Licensees Dear Sir/Madam, Statements […]
Mr. Watchlist 