by AdrianaAMLP | Mar 10, 2023
The guidance will help countries identify, design and implement appropriate measures in line with the revised Recommendation 24 to ensure that beneficial ownership information is held by a public authority or body functioning as a beneficial ownership...
by AdrianaAMLP | Feb 24, 2023
For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from...
by AdrianaAMLP | Feb 24, 2023
FATF members took important steps to enhance the transparency of beneficial ownership and prevent criminals from hiding illicit activity behind opaque corporate structures. FATF agreed on revisions to Rec 25 on transparency and beneficial ownership of...
by AdrianaAMLP | Feb 10, 2023
Wolfsberg Group updates the Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance Questionnaire (FCCQ). The CBDDQ updates include a new section on Fraud and additional questions related to Whistleblower Policy, Virtual Bank...
by AdrianaAMLP | Feb 8, 2023
The joint comments highlight, inter alia, the importance of alignment with the FATF definition of ‘de-risking’ and that financial institutions should have the ability to apply a risk based approach to non for profit organisations (NPOs) in line with FATF...
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