Several stakeholders have commented on the Financial Action Task Force (FATF) draft amendments to its Recommendation 25 (R25) on the transparency and beneficial ownership of legal arrangements (Trade-based Financial Crime, 29 June 2022). Financial institutions are amongst those stakeholders the… Read More ›
The UAE is the only new jurisdiction to have been put on the Financial Action Task Force (FATF) ‘grey list’ of countries at the global financial watchdog’s plenary meetings last week. The emirates are now actively working with the task… 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 ›
The Financial Action Task Force (FATF) is seeking views, primarily from financial institutions and designated non-financial businesses and professions (DNFBPs) in its development of Guidance to help both public and private sectors implement new requirements to identify, assess, understand and… Read More ›
Financial institutions (FIs) and firms operating in designated non-financial business or professions (DNFBPs) should receive improved flows of information on proliferation of weapons of mass destruction (WMD) financing risks that can be used to detect shell companies once new amendments… Read More ›