The Basel Institute on Governance has published its independent annual ranking that assesses the risk of money laundering and terrorist financing (ML/TF) around the world. Since 2012 the Basel AML Index has provided risk scores based on data from 18… Read More ›
The UAE has launched a comprehensive assessment of proliferation financing risks as it strives to avoid being placed on the Financial Action Task Force (FATF) ‘grey list’ of countries with strategic deficiencies in their anti-money laundering and counter financing of… Read More ›
Correspondent banking relationships have been terminated because financial institutions are de-risking due to anti-money laundering and counter financing of terrorism (AML/CFT) rules according to a report published by the European Banking Authority (EBA). Respondent banks that contributed to the EBA… 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 ›
The Royal United Services Institute (RUSI) has published a policy brief outlining five areas within the Financial Action Task Force (FATF) framework that require revision, not only to achieve the primary desired outcome of tackling financial crime but also to… Read More ›
Transnational organised crime groups have been detected in trade-based money laundering (TBML) activities in New Zealand while customs operations are gearing up to focus more sharply on TBML operations according to the Financial Action Task Force (FATF). In its newly released… Read More ›
Gold hub UAE is to restrict the movement of precious metals and stones and tighten suspicious banking reports in measures aimed at stemming criminal financial activities according to the recently established Executive Office to Combat Money Laundering and Terrorist Financing…. Read More ›
Transparency International (TI) says it believes that the High Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI) would do well by prioritising three key reforms to address what it describes as the pernicious… Read More ›