The Asia/Pacific Group on Money Laundering (APG) announced that Bangladesh would be taking over the Co-Chair from Sri Lanka. The position was established in the APG’s first annual meeting in Tokyo, Japan, where its members will be elected for a two-year term. During ... Read More →
Public Consultation on the Draft Guidance for Private Sector Information Sharing – FATF
Publication from Financial Action Task Force 29 June 2017 Effective information-sharing is one of the cornerstones of a well-functioning AML/CFT framework. Constructive and timely exchange of information is a key requirement of the FATF standards and cuts across a ... Read More →
Singapore Signs MCAAs to Enhance Tax Co-operation on Exchange of Information
PRESS RELEASE BY MINISTRY OF FINANCE, SINGAPORE On 21 June 2017, Singapore will sign the Multilateral Competent Authority Agreements (“MCAAs”) on: the Automatic Exchange of Financial Account Information under the Common Reporting Standard (“CRS”); and the ... Read More →
New Zealand to help Pacific Combat Money Laundering
Foreign Minister Gerry Brownlee has announced a significant boost to support Pacific island countries comply with international anti-money laundering standards. New Zealand is providing $3.6 million to the Asia-Pacific Group on Money Laundering. “The Group is a ... Read More →
Digital Currency to have more oversight in new Anti-Money Laundering Bill
UNITED STATES - Senators have taken aim at digital currencies, such as bitcoin and ethereum, with a new anti-money laundering (AML) bill. Senators Chuck Grassley of Iowa and Dianne Feinstein of California introduced the bill titled “Combating Money Laundering, ... Read More →
