Our extensive knowledge at your fingertips

Latest editions

Search

GRECO Fourth Compliance Report on San Marino

The Report recognised the good level of transparency of legislative work in San Marino, but expressed reservation about the possibility provided by law to resort to secret voting in some circumstances (i.e. personal appointments and laws of high ethical content)...
Read More

FATF on Mexico’s progress to tackle ML/TF

FATF releases evaluation outlining Mexico's progress in strengthening measures to tackle ML/TF 2022. Mexico is compliant on 10 of the 40 Recommendations and largely compliant on 22 of them. It remains partially compliant on 7 Recommendations...
Read More

APG 5th Follow-up report on Mutual Evaluation of Fiji

APG completed its assessment of Fiji's AML/CTF system. The assessment is a comprehensive review of the effectiveness of Fiji's AML/CFT system and its level of compliance with the FATF Recommendations...
Read More

Cayman Islands National Strategy for Combating ML/TF

Cayman Islands publishes National Strategy for Combating ML/TF & PF 2022-25.  Fraud, corruption/bribery, and tax evasion pose the highest foreign ML threats for the Cayman Islands. This finding highlights the country’s continued exposure, as an IFC...
Read More

GFI guide covering beneficial ownership laws in Uganda

In Uganda and across the African continent, the main sources of IFFs include corruption, money laundering, organized crime, trade misinvoicing, and tax evasion...
Read More

AUSTRAC on ransomware and criminal use of digital currencies

AUSTRAC has released two new financial crime guides to help businesses stop ransomware attack payments and the criminal abuse of digital currencies. As the digital currency market continues to grow globally, criminals are increasingly using digital currencies...
Read More

MAS on misconduct reporting requirements

MAS seeks views on the revised notices on misconduct reporting requirements - consultation on Revised Notices on Misconduct Reporting Requirements under the Financial Advisers Act, Insurance Act and Securities and Futures Act...
Read More

China’s banking regulators issue warning against NFTs

Three Chinese banking watchdogs have issued a warning against non-fungible tokens (NFTs). While NFTs are an innovative application of blockchain technology that can enrich the digital economy, they could potentially be used for ML, speculation, illegal financial activities...
Read More

Malta FIAU issues Guidance Note on MLRO

The FIAU trusts that this Guide will enhance subject persons’ understanding of the importance of this role and ensure that anyone appointed as MLRO or holding the said position is able to exercise the associated functions in an effective manner...
Read More

EC removes the Bahamas from AML blacklist

The Bahamas was removed from the European Commission’s List of Third-country Jurisdictions which have strategic deficiencies in their AML/CFT Regimes (AML Blacklist). This decision was finalized after The Bahamas was assessed under...
Read More

Japan to Tighten Crypto Rules for Preventing Sanctions Evasion

Japan is planning to make stricter rulings on cryptocurrency exchanges, as the country announced plans to amend its Foreign Exchange and Foreign Trade Act, intended to crack down on any loophole that allows sanctioned countries like Russia to evade sanctions through cryptos...
Read More

GIABA report on ML risks of casinos and gambling sector in West Africa

The key focus of this project is the development of a detailed vulnerabilities study on the risks of the casinos sector in West Africa, including risks of money laundering and other forms of illicit financing in the sector...
Read More