Micronesia, Federated States ofThe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism announced the conclusion of its 65th plenary meeting, which was held from May 24 to May 26, 2023.
The European Banking Authority launched a public consultation on amendments to expand the scope of guidelines on customer due diligence that cover the factors that financial institutions and other entities should consider when assessing money laundering and terrorist financing risks.
Global AML Framework Rests Far Too Heavily on Prevention, Authors Claim
The global fight against illicit finance is wavering because nations to date have failed to align their varying legal definitions of money laundering and are overly focused on preventing illegal wealth from entering their financial systems.
France sees shift in STR filings, Brazil sentences former president, and more, in the weekly roundup.
The National Bank of Georgie imposed a monetary penalty on the Tbilisi, Georgia-based financial institution for anti-money laundering and counterterrorist financing violations.
The National Bank of Georgia imposed a fine on the Tbilisi, Georgia-based bank for anti-money laundering and counterterrorist financing violations.
| Technical | Effectiveness |
|---|---|
| Compliant : | High : |
| Largely Compliant : | Substantial : |
| Partially Compliant : | Moderate : |
| Non-Compliant : | Low : |
* As of July 24, 2018, an observer of APG
| Rank : N/A |
| Score : N/A |
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