Aggregated News From Investment Management Regulators

Supranational

New Zealand’s measures to combat money laundering and terrorist financing

The Financial Action Task Force (FATF) and the Asia-Pacific Group on Money Laundering (APG) assessed New Zealand's anti-money laundering and counter terrorist financing (AML/CFT) system. The report is a comprehensive review of the effectiveness of New Zealand’s measures and their compliance with the FATF Recommendations. This includes an assessment of New Zealand’s actions to address the risks emanating from UN and domestically designated terrorists and terrorist organisations. The report does not address the justification that led to the domestic designation of an entity as a terrorist or terrorist group or organisation. New Zealand’s measures to combat money laundering and terrorist...

Webinar on Risk-Based Supervision

Supervising the private sector’s efforts to combat money laundering Lessons learnt: moving from ticking boxes to mitigating risks Since 2012, addressing risks is at the centre of FATF’s requirements on anti-money laundering and counter-terrorist financing. The private sector and their public-sector supervisors are at the front-line of combatting illicit finance. But putting in place a risk-based supervision programme has its challenges. Hear from the authors of the FATF’s Risk-Based Supervision Guidance and learn more about assessing risks and applying that understanding to prioritise supervisors’ day-to-day work. Hear from the private sector and the financial inclusion community on what effective supervision means to them. ...

Marcus Pleyer speaks at Second G20 Finance Ministers and Central Bank Governors Meeting

This news item was originally published by the The Financial Action Task Force (FATF). For more information, please see the Press Release here:  Source Link.

G20 confirm their support for the FATF as the global standard-setter to prevent money laundering, terrorist financing and proliferation financing

G20 Finance Ministers and Central Bank Governors today confirmed their commitment to tackling all sources, techniques and channels of money laundering and the financing of terrorism and proliferation. They emphasised the importance, in particular, of combatting financial crimes linked to the COVID-19 pandemic. In his remarks to the G20, FATF President Dr. Marcus Pleyer highlighted the importance of risk-based supervision to effectively detect and prevent financial crimes that undermine global economies and hinder economic recovery. Dr. Pleyer called upon the G20 to lead on a change of regulatory culture. Today, many supervisors and compliance officers still merely take a basic tick-box approach:...

IOSCO Statement on Going Concern Assessments and Disclosures during the COVID-19 Pandemic

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

Public consultation on FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers

This news item was originally published by the The Financial Action Task Force (FATF). For more information, please see the Details here: Source Link.

Webinar: Trade-Based Money Laundering

This news item was originally published by the The Financial Action Task Force (FATF). For more information, please see the Details here: Source Link.

Mitigating the Unintended Consequences of the FATF Standards

This news item was originally published by the The Financial Action Task Force (FATF). For more information, please see the Details here: Source Link.

Trade-Based Money Laundering: Risk Indicators

This news item was originally published by the The Financial Action Task Force (FATF). For more information, please see the Press Release here: Source Link.

Regulator Information

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

Recent Articles

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Federal Reserve Board announces the third extension of a rule to bolster the effectiveness of the Small Business Administration’s Paycheck Protection Program (PPP)

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