by Jyotsna Bucktowar | Mar 11, 2024
This consultation covers some areas already identified by The Treasury and covers the following themes: making customer due diligence more proportionate and effective, strengthening system coordination, providing clarity on scope of the MLRs, reforming registration...
by AdrianaAMLP | Mar 8, 2024
Covers guidelines for the plans to orderly redeem asset-referenced or e-money tokens in the event that the issuer fails to fulfil its obligations under the Markets in Crypto assets Regulation (MiCAR)
by AdrianaAMLP | Mar 1, 2024
These proposed revisions also aim to help make cross-border payments faster, cheaper, more transparent and inclusive whilst remaining safe and secure; an objective that is part of the G20 Priority Action Plan. Before finalising the revisions however, the FATF is...
by Jyotsna Bucktowar | Feb 28, 2024
The draft identifies current inefficiencies within the UK’s regulatory requirements and guidance for ‘Know Your Client’ (KYC) due diligence. The shortcomings highlighted include: The guidance rarely specifies precise data points to be populated or parameters for...
by AdrianaAMLP | Feb 26, 2024
Offers detailed suggestions on how the Guidelines may be further improved by acknowledging the various roles played by Payment Service Providers n a transfer chain and addressing the potential unintended consequences of the new requirements around batch...
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