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The Financial Action Task Force published a report on the implementation of Recommendation 15 on anti-money laundering and counterterrorist financing (AML/CTF) measures related to virtual assets and virtual asset service providers (VASPs). The report includes details on all FATF members plus 20 jurisdictions that have materially important VASP activity. Of
The Financial Action Task Force updated the U.S. government's rating for "transparency and beneficial ownership of legal persons" from "non-compliant" to "largely compliant," ACAMS moneylaundering.com reported. More FATF also reassessed and found Australia "compliant" or "largely compliant" with 30 of the group's 40 technical standards for combating illicit finance. More
The Financial Action Task Force (FATF) published a fourth enhanced follow-up report and technical compliance re-rating of Australia's anti-money laundering and counterterrorist financing (AML/CTF) measures. The evaluation team found that Australia addressed technical compliance deficiencies that were identified in the country's AML...
The Financial Action Task Force (FATF) published an updated table of ratings that reflect the extent to which a country's anti-money laundering measures have been implemented and the effectiveness of such measures. The assessment table includes ratings on all countries evaluated under the 2013 methodology. Currently, the table incl...
The Treasury Department announced that the Financial Action Task Force (FATF) published a follow-up report on the U.S. that recognizes efforts to increase beneficial ownership transparency and address anti-money laundering and counterterrorist financing (AML/CTF) vulnerabilities. The report outlines that the U.S. was re-rated from non-compliant to largely compliant with...
The Financial Action Task Force (FATF) published a seventh follow-up report and technical compliance re-rating of the United States that welcomes progress to address deficiencies related to beneficial ownership transparency. FATF determined that the U.S. made progress to address the technical compliance deficiencies identified in r...
The Financial Action Task Force, an intergovernmental group that sets global standards against illicit finance, updated the U.S. government's rating for "transparency and beneficial ownership of legal persons" from "non-compliant" to "largely compliant" Tuesday. In a follow-up to the rating FATF originally issued in October 2016, the group concluded that
Grovetta N. Gardineer, the Senior Deputy Comptroller for Bank Supervision Policy testified before the House Committee on Financial Services to discuss the Office of the Comptroller of the Currency's (OCC) efforts to ensure financial stability and integrity. Gardineer outlined the OCC's role in super...
The Commissariat Aux Assurances (CAA) issued a notice to regulated entities concerning the Financial Action Task Force's (FATF) latest statements. The Luxembourg regulator highlighted the statements issued by FATF in February 2024, which focused on countries with anti-money laundering and counterterrorist financing (AML/CTF) deficiencies. In particular, FATF decided to maintain
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) published a fifth enhanced follow-up report on the anti-money laundering and counterterrorist financing (AML/CTF) measures of Serbia. The follow-up report is limited to analyzing th...