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Money Laundering & Terrorist Financing

Global

This section include AML/CTF initiatives by FATF, OECD, Basel, Wolfsberg Group, Egmont Group, IMF, Interpol, UN, World Bank among others.

FATF Recommendations
Basel Institute of Governance AML Risk Country Index
Egmont Group Financial Crime cases
United Nations Office on Drugs and Crime (UNODC)
OECD Tax Evasion
INTERPOL
IMF AML/CTF
Wolfsberg Principles
World Bank StAR Initiative

And many more..

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FATF issues report on Countering Ransomware financing

March 14, 2023

The report analyses the methods that criminals use to carry out their ransomware attacks and how payments are made and laundered. Criminals are almost exclusively using crypto, or virtual assets and have easy access to virtual asset service providers around the world…

FATF publishes Guidance on Beneficial Ownership of legal persons

March 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 registry…

Sayari on Guess Who: Disambiguating Entities with Identical Names

February 28, 2023

The most efficient way to disambiguate entities is using a unique identifier. A unique identifier is a numeric or alphanumeric string that is associated with a single entity within a system. If you see a unique ID referenced in multiple places, you can be confident that they…

FATF publishes Report on ML/TF in the Art and Antiquities Market

February 27, 2023

The report includes a list of risk indicators that can help public and private sector entities identify suspicious activities in the art and antiquities markets, and also highlights the importance of rapidly identifying and tracing cultural objects involved in ML/TF…

FATF calls for EDD on High-Risk Jurisdictions

February 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 ML/TF/PF risks…

FATF summarises outcomes of the 22-24 Feb 2023 Plenary

February 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 legal…

Wolfsberg Group updates the Correspondent Banking Due Diligence Questionnaire

February 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 License…

IIF/Wolfsberg Group EBA De-Risking Letter

February 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 Recommendation 8…

FATF Annual Report 2021-2022

January 30, 2023

FATF publishes Annual Report 2021-2022 which sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency on Beneficial ownership, Digital transformation, Migrant smuggling, New and update guidance, Mutual evaluations…

OCCRP: What’s a Proxy? Using Relatives, Shell Companies, and Other Stand-Ins to Hide Illicit Wealth

January 24, 2023

OCCRP published a FAQ highlighting that proxies are people that form a crucial part of a sophisticated secrecy industry that undermines the global financial system by letting dirty money flow undetected, unchecked, and uninterrupted around the world…

Fenergo Global AML Fines Research Report