by Jyotsna Bucktowar | Mar 20, 2024
Moody’s data shows that incidents of modern slavery increased by nearly 17% from 2022 to 2023 – rising from 18,335 to 21,626. This upward trend is a strong increase compared to the figure of 10,277 in 2018. The analysis identified human trafficking as the predominant...
by Jyotsna Bucktowar | Mar 14, 2024
The Commission considers that Kenya and Namibia have strategic deficiencies in their respective AML/CFT regimes. The Commission has also taken into account the fact that these countries were identified in the FATF list of ‘Jurisdictions under Increased Monitoring’ in...
by Jyotsna Bucktowar | Mar 13, 2024
In February, recordkeeping and Regulation Best Interest actions continued to pick up steam, while the Supreme Court provided clarification regarding the applicability of whistleblower protections…
by Jyotsna Bucktowar | Feb 28, 2024
The UK failed to freeze a property purchased by an offshore shell company tied to Kremlin insider Igor Komarov. UK land registry and the Pandora Papers reveal the now trust-controlled company still owns the asset, bought for over $16.5 million in 2007…
by Jyotsna Bucktowar | Feb 27, 2024
The key outcomes include introduction of a new risk-based guidance for implementing Rec.25, enhancing transparency in legal arrangements like trusts, public consultation on a range of options for adapting FATF Standards to changes in new payment systems’...
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