Financial Action Task Force (FATF)
New systems and processes necessary to prevent illicit money flows
New guidance for countries to address money laundering and terrorism funding
More Financial Action Task Force (FATF) articles
Tax crimes to be punished by same laws as AML
Insurers complain FATF standards too focused on banks
FATF moves to attack Argentina for lack of progress in AML; while Hong Kong acts to shore-up deficiences reported in 2008
Fight and flight
LONDON – The UK Treasury has warned UK firms about the risks posed by unsatisfactory money laundering controls in Iran, Pakistan, Uzbekistan, Turkmenistan, Azerbaijan, and São Tomé and Príncipe. Separately,...
Daily news headlines
HONG KONG - Banks in the Special Administrative Region are up against a tight deadline for implementing new anti-money laundering requirements, but the Hong Kong Monetary Authority (HKMA) is not goi...
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.