Aggregated News From Investment Management Regulators

FATF

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:...

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.

Guidance for applying a Risk-Based Approach to AML/CFT Supervision

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.

Public Consultation on FATF Guidance on Proliferation Financing Risk Assessment and Mitigation

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.

Outcomes FATF Plenary, 22, 24 and 25 February 2021

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.

FATF Plenary, February 2021

The second Plenary under the two-year German FATF Presidency of Dr Marcus Pleyer will start on Monday 22 February. Delegates representing 205 members of the Global Network, and observer organisations including the IMF, the United Nations and the World Bank will take part in this meeting. Due to restrictions imposed by the COVID-19 pandemic, the meeting will take place virtually. During three days of meetings, the FATF will work through a full agenda. Delegates will discuss the assessment of New Zealand’s measures to combat money laundering and terrorist financing. They will discuss the impact of COVID-19 on the assessments that...

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