The Financial Action Task Force (FATF) says it has published its final report on its survey to identify areas where divergent anti-money laundering and counter financing of terrorism (AML/CFT) rules or their implementation cause friction for cross-border payments. Cross-border Payments… Read More ›
In response to the Pandora Papers, the Financial Action Task Force (FATF) is asking for views on proposed rules for a new strategy for combatting corruption through shell companies or other anonymous entities Countries would be required to establish registries… Read More ›
All actors fighting financial crime should have instant access to high quality, highly usable beneficial ownership data according to the Global Coalition to Fight Financial Crime (GCFFC). In a newly published position paper, GCFFC states its views on beneficial ownership… Read More ›
Reliance on banks has been hindering investigations into financial crime according to Transparency International (TI), which is calling for five key fixes to ensure that the new Financial Action Task Force (FATF) global standard on beneficial ownership transparency is effective…. Read More ›
The Nigeria Extractive Industries Transparency Initiative (NEITI) says its engagement with legislators in the national assembly is gaining traction as it seeks to persuade them to frame laws that curb financial crime, terrorist financing and illicit financial flows involving the… Read More ›
The Financial Action Task Force (FATF) is seeking the views of financial institutions and a range of other organisations and experts on its newly published white paper for public consultation on the transparency and beneficial ownership of legal persons. The… Read More ›
Haiti, Malta, Philippines and South Sudan have been added to the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring the task force announced at the end of its plenary session on 25 June. Ghana is the only… Read More ›
Penalties and fines of up to 100,000 dirhams (AED100,000 – US$27,223) are in the offing for UAE-based companies that fail to comply with reporting beneficial ownership information under new regulations that take effect on 1 July. The UAE has already… Read More ›