The Financial Task Force (FATF) has recently published a report that looks at the techniques and tools used by professional money launders (PMLs). The report provides an insight into the various money laundering typologies employed by PMLs, including trade-based money… Read More ›
FATF
FATF adds Serbia to its grey list and removes Bosnia and Herzegovina
As part of its continuous review of compliance with the anti-money laundering and counter financing of terrorism (AML/CFT) standards, the Financial Action Task Force (FATF) announced in Paris in February a new list of countries with strategic AML/CFT deficiencies. Serbia… Read More ›
Sri Lanka targets AML/CFT compliance in the gem and jewellery trades in bid to be removed from FATF grey list
Sri Lanka is hoping to be removed from the Financial Action Task Force’s (FATF) grey list for money laundering and terrorist financing this October, and is targeting the gem and jewellery trades. Both FATF and the EU have said that… Read More ›
FATF resolves to tackle de-risking
The Financial Action Task Force (FATF) has said it will continue its efforts to determine the drivers of de-risking and lobby key international stakeholders to counter the phenomenon of financial institutions terminating or restricting business relationships rather than manage the… Read More ›