Publication from Financial Action Task Force 29 June 2017Effective 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...] about Public Consultation on the Draft Guidance for Private Sector Information Sharing – FATF
FATF
Formulating a Comprehensive AML Policy
In most countries with robust anti-money laundering/countering the financing of terrorism (AML/CFT) governance framework, it is compulsory for financial institutions (FIs) to have its AML/CFT framework documented in the form of a company policy. This allows the FIs to … [Read more...] about Formulating a Comprehensive AML Policy
Japan’s FSA ups scrutiny of banks on steps to fight dirty money – sources
TOKYO (Reuters) - Japan's financial regulator has stepped up scrutiny of banks on their measures against money laundering and terror funding, ahead of checks by a global body for fighting illicit finance, several people with knowledge of the matter told Reuters.The … [Read more...] about Japan’s FSA ups scrutiny of banks on steps to fight dirty money – sources
Summary of Singapore’s FATF Mutual Evaluation
Singapore's mutual evaluation with the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) recently concluded on September 2016 and here are the summarised results. Rating Methodology Immediate Outcomes (I.O) represents the … [Read more...] about Summary of Singapore’s FATF Mutual Evaluation
FATF – Mutual Evaluation Report Singapore – 2016
The FATF and Asia/Pacific Group on Money Laundering (APG) conducted an assessment of Singapore’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations, and using the 2013 Methodology. The assessment is a … [Read more...] about FATF – Mutual Evaluation Report Singapore – 2016