by Jyotsna Bucktowar | Jul 5, 2024 | News
FinCEN issues proposed rule to strengthen and modernise financial institutions’ AML/CFT programmes. The proposed rule would amend regulations to explicitly require that AML/CFT programs be effective, risk-based, and reasonably …
by Jyotsna Bucktowar | Jul 4, 2024 | News
GRECO releases the the Second Addendum to the Second Compliance Report on Georgia, addressing Georgia’s implementation of recommendations for corruption prevention in respect of members of parliament, judges, and prosecutors…
by Jyotsna Bucktowar | Jul 3, 2024 | News
MAS publishes its National Asset Recovery Strategy towards the recovery of illicit funds and assets. Asset recovery is one of the key pillars of Singapore’s AML regime. It seeks to deter the flow of illicit assets through Singapore’s financial...
by Jyotsna Bucktowar | Jun 24, 2024 | News
The 6th FATF Plenary chaired by President T. Raja Kumar will take place in Singapore on 26-28 June and will conclude FATF Week which starts on 23 June. Delegates will discuss key issues including modifications to its assessment methodology to…
by Jyotsna Bucktowar | Jun 22, 2024 | News
The Council of the EU has released reports on EU-wide crime-fighting initiatives, highlighting the 2023 results of EMPACT, the EU’s flagship tool for combating organised crime. In 2021 the Council agreed on 10 EU-wide crime priorities and 15…
by Jyotsna Bucktowar | Jun 21, 2024 | News
FinCEN clarifies beneficial ownership reporting requirements releasing updated FAQs, including new questions and answers about reporting companies, beneficial owners, company applicants, reporting requirements generally, initial reports, reporting…
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