by AdrianaAMLP | Jul 15, 2024
Tajikistan has demonstrated significant progress in addressing the technical compliance deficiencies noted in the Mutual Evaluation and has been upgraded on 6 Recommendations.
by AdrianaAMLP | Jul 15, 2024
The Wolfsberg Group (the Group) has engaged with Abracam (The Brazilian Foreign Exchange Association) to better understand their proposal to introduce a process to validate local institutions’ responses to the Wolfsberg Correspondent Banking Due Diligence...
by AdrianaAMLP | Jul 9, 2024
The key theme to emerge from this assessment is persistence: persistent exploitation of channels that have historically been used to launder funds (e.g. banks, remitters and casinos); persistent exploitation of high-value assets like luxury watches, vehicles and real...
by Jyotsna Bucktowar | Jul 5, 2024
DBS Bank (Hong Kong) Limited faced disciplinary action due to inadequate systems and controls under the AMLO. The investigation highlighted shortcomings in ongoing monitoring of business relationships, conducting enhanced due diligence in high-risk situations, and...
by Jyotsna Bucktowar | Jul 5, 2024
Singapore unveiled its National Asset Recovery Strategy, detailing its robust efforts to recover illicit funds and assets, and to return them to victims. Prime Minister and Minister for Finance Lawrence Wong announced the strategy at the opening of the FATF Plenary...
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