Aggregated News From Investment Management Regulators

Supranational

IOSCO consults on ESG Ratings and Data Providers

See PDF published by the International Organization of Securities Commissions (IOSCO) here:

New IOSCO SPAC Network discusses regulatory issues raised by SPACs

See PDF published by the International Organization of Securities Commissions (IOSCO) here:

Second 12 Month Review of Revised FATF Standards – Virtual Assets and VASPs

The FATF has completed a second 12-month review of the implementation of its revised Standards on virtual assets and virtual asset service providers. This comes two years after the FATF finalized amendments, which clearly placed anti-money laundering and counter-terrorism financing (AML/CFT) requirements on virtual assets and virtual asset service providers (VASPs). This review looks at how jurisdictions and the private sector have implemented the revised Standards since the FATF’s first 12-month review. It also looks at changes in the typologies, risks and the market structure of the virtual assets sector. The report finds that many jurisdictions have continued to make progress in...

Stocktake on Data Pooling, Collaborative Analytics and Data Protection

Technological advances in recent years allow financial institutions to analyse large amounts of structured and unstructured data more efficiently and identify patterns and trends more effectively. This report examines commercially available or emerging technologies that facilitate advanced AML/CFT analytics within regulated entities. It also looks at technologies that allow collaborative analytics between financial institutions, while respecting national and international data privacy and protection legal frameworks. Data pooling and collaborative analytics can help financial institutions better understand, assess and mitigate money laundering and terrorist financing risks. This will make it easier, more dynamic, effective and efficient to identify these activities. It can...

Opportunities and Challenges of New Technologies for AML/CFT

New technologies can improve the speed, quality and efficiency of measures to combat money laundering and terrorist financing. They can help financial institutions and supervisors, assess these risks in ways that are more accurate, timely and comprehensive. When implemented using a responsible and risk-based approach, new technologies and innovative products and services can also improve financial inclusion, bringing more people into the regulated financial system and thereby reinforcing the effectiveness of AML/CFT measures. This report identifies emerging and available technology-based solutions. The report highlights the necessary conditions, policies and practices that need to be in place to successfully use these...

Martin Moloney named as IOSCO Secretary General

See PDF published by the International Organization of Securities Commissions (IOSCO) here:

Guidance on Proliferation Financing Risk Assessment and Mitigation

The FATF recently revised its Standards (R.1 and INR.1) to require countries, financial institutions, designated non-financial businesses and professions (DNFBPs) and virtual asset service providers (VASPs) to identify, assess, understand and mitigate their proliferation financing risks. The FATF Guidance on Proliferation Financing Risk Assessment and Mitigation will help countries, financial institutions, DNFBPs and VASPs effectively implement these new FATF requirements, introduced in October 2020. The Guidance, which builds on earlier engagement with stakeholders since 2018 and reflects the input from a public consultation in March 2021, explains how both public and private sectors should conduct risk assessments in the context of...

Money Laundering from Environmental Crime

Environmental crime – such as forestry crime, illegal mining and waste trafficking - is an extremely profitable criminal enterprise, generating billions in criminal gains each year. It fuels corruption, and converges with many other serious and organised crimes, such as tax fraud, drug trafficking and forced labour. This FATF Report identifies methods that criminals use to launder proceeds from environmental crime, but also tools that governments and private sector can apply to disrupt this activity. When properly implemented, the FATF Recommendations provide effective tools to go after these illicit financial flows. Environmental crime is a ‘low risk, high reward’ crime. Across many countries,...

Regulator Information

Regulator Name: Financial Action Task Force
Abbreviation: FATF
Email: [email protected]
Abbreviation: IOSCO
Email: [email protected]

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