The Financial Action Task Force published a second enhanced follow-up report on China’s anti-money laundering and counterterrorist financing framework, highlighting that the country’s progress resulting in technical compliance re-ratings on six Recommendations.
The Hong Kong Monetary Authority circulated its observations following the regulator’s anti-money laundering and counterterrorist financing thematic review of stored value facility licensees.
U.S. prosecutor pledges more ransomware seizures, China dismantles cryptocurrency laundering ring, and more, in the midweek roundup.
Banks rushing to assess their exposure to Afghanistan may soon expand their reviews to cover neighboring countries whose vulnerability to terrorist financiers and money launderers is also set to spike following the Taliban’s return to power, sources told ACAMS moneylaundering.com.
The Securities and Futures Commission issued a disciplinary action against the Hong Kong-based subsidiary of The Goldman Sachs Group, Inc., requiring it to pay a $350 million fine for serious supervisory, risk, compliance and anti-money laundering controls deficiencies.
The Hong Kong Securities and Futures Commission issued an order banning Joanna Chu Lai Wa, former director and responsible officer of Shenzhen, China-based Guosen Securities (HK) Brokerage Company, Limited for her failure to implement adequate AML/CTF controls.
|Compliant : 9||High : 0|
|Largely Compliant : 22||Substantial : 3|
|Partially Compliant : 3||Moderate : 4|
|Non-Compliant : 6||Low : 4|
Pakistan's technical compliance was re-rated in a Oct. 6, 2021 follow-up report
|Rank : 18/141|
|Score : 6.76/10|
|Rank : 78/179|
|Score : 42/100|
|Rank : 25/133|
|Score : 60/100|