FATF calls for EDD on High-Risk Jurisdictions

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...

FATF summarises outcomes of the 22-24 Feb 2023 Plenary 

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...

FINTRAC on proposed changes to the Canadian AML/CFT regime

The proposed amendments to the regulations would prescribe a formula for FINTRAC to assess the expenses it incurs in the administration of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act against reporting entities, impose AML/ATF obligations on...

FATF announces the outcomes of latest Plenary

FATF members agreed to release, for public consultation, draft guidance on Rec. 24 to help countries and the private sector implement FATF’s strengthened requirements on beneficial ownership to prevent criminals from hiding illicit activity behind...