by Jyotsna Bucktowar | Jul 27, 2023 | News
Guernsey FSC issues its report on the thematic review of the effectiveness of firms’ monitoring of, and compliance with, requirements for managing the risks posed by Politically Exposed Persons (“PEPs”). In all of the 170 PEP files which were...
by Jyotsna Bucktowar | Jul 27, 2023 | News
ESMA announces withdrawal of recognition of three CCPs following the inclusion of the UAE on AML blacklist. In order to minimise potential market disruption, ESMA has provided for an adaptation period of 3 months…
by Jyotsna Bucktowar | Jul 24, 2023 | News
FATF publishes follow-up & technical compliance re-rating report for Turkey. The country has taken positive steps towards improving its AML/CFT regime and has been re-rated on 6 Rec notably Rec 8, 22 and 28 are re-rated from Partially Compliant…
by Jyotsna Bucktowar | Jul 20, 2023 | News
US Treasury announces sanctions that target Russia’s access to products that support its military and war efforts. One of the most common tactics Russian entities have used to continue their importation of foreign-made electronics and technology is the...
by Jyotsna Bucktowar | Jun 21, 2023 | News
At FATF Plenary held on 21 – 23 June, it was agreed to publish the 4th targeted update on the implementation of FATF Rec. on virtual assets and VASP. It also discussed potential enhancements to its Rec. 4 & 38, to provide countries with stronger...
by Jyotsna Bucktowar | Jun 8, 2023 | News
EU Commission proposes the creation of an interinstitutional Ethics Body, covering all members of EU institutions. The standards will relate to: acceptance of gifts, hospitality and travel offered by third parties, conditionality and transparency…
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