In a technical assistance report released on January 8, the IMF outlined the shortcomings of Kenya’s current regulatory approach to crypto assets. The International Monetary Fund (IMF) has urged Kenya ...
In 2018 alone, the bank processed about $27 billion in wire transactions for foreign banks. CBW failed to create or maintain an AML/CFT compliance program that matched the higher risks presented by ...
The IRCSL has recently established an AML/CFT dedicated unit, to implement the National Policy on AML/CFT on the insurance sector and to ensure that the industry remains incompliance with AML/CFT ...
The strong bilateral cooperation between the UAE and Republic of Italy in AML/CFT has led to the arrest and extradition of high-profile criminals and the seizure of significant illicit assets. By ...
Pharmaceutical firm Orion Corporation announced that Mikko Kemppainen has been appointed as general counsel and secretary to the board of directors of Orion Corporation, and a member of the executive ...
The bill aims to enhance South Africa’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) system by addressing deficiencies identified by the Financial Action Task Force (FATF) ...
The country is obliged to fulfil a raft of measures including passing new laws to comply with preventing money laundering and countering terrorism financing (AML/CFT) laws before the next evaluation ...
The FMA alleges that InvestNow breached the AML/CFT Act by: Failing to establish, implement and maintain an adequate AML/CFT programme Failing to obtain information on the nature and purpose of ...
The Interdepartmental Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) Working Group with its members from the Public Prosecutions Office, the Commission against Corruption of Macao, the ...
This achievement has placed Sri Lanka among the leaders in AML/CFT reforms globally. In the latest rankings, Sri Lanka achieved a risk score of 5.28, ranking as the 80th riskiest jurisdiction out ...