[ad_1] A new report by the Financial Action Task Force shows South Africa is making progress in its efforts to be removed from the global watchdog’s dirty-money watchlist, the National…
Tag: financial action task force
South Africa to Revamp Regulations for Financial Institutions to Bring Them In Line With Peers
[ad_1] South Africa is set to adopt a raft of legislative changes over the next three to five years to modernize the regulatory framework for financial institutions and bring it…
Singapore Billion Dollar Money Laundering Case Exposes Gaps in Defenses
[ad_1] A billion-dollar Singapore money laundering probe is shining a light on fund flows from abroad and raising questions about loopholes that enabled an alleged crime syndicate to accumulate luxury…
Sharp decline in FDI into India from Cayman Islands, Cyprus during H12023
[ad_1] Foreign direct investment (FDI) into India from Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the…
South Africa Ramps Up Coordinated Efforts to Get Off Gray-list
[ad_1] South Africa is intensifying efforts across key institutions to secure the country’s removal from a global financial watchdog’s so-called gray list, which denotes nations with shortcomings in tackling illicit…
Turkey to toughen law on crypto assets – minister – Digital Transformation News
[ad_1] Turkey is preparing new legislation covering crypto-assets to persuade an international crime watchdog to remove it from a “grey list” of countries that have taken insufficient action to prevent…
Switzerland eyes stricter anti-money laundering rules
[ad_1] The council said it wants to “reinforce the integrity and competitiveness of Switzerland as a financial and business location” with the introduction of a federal register of beneficial owners,…
Switzerland actions non-public beneficial ownership register in AML upgrade plan
[ad_1] The Swiss government is forging ahead with a non-public beneficial ownership database and strengthening its overall anti-money laundering framework in a consultation which the Federal Council launched yesterday (30…
Disclosure principles of ‘beneficial ownership’
[ad_1] It is common practice across the globe that anonymous shell companies are formed to hold funds or conduct financial transactions to disguise money trail of wealth accumulated through illegal…