Industry newsTransparency International updates Corruption Perception Index (CPI) for 20204th February 2021Transparency International’s updated Corruption Perception Index (CPI) for 2020 highlights the Covid19 pandemic is not just a medical crisis but…
Industry newsPhilippines further strengthens AML and terrorist financing regulations3rd February 2021At the end of Jan 2021, the Philippines amended its Anti-Money Laundering Act of 2001 to strengthen AML and terrorist…
Industry newsFATF adds Malta, Haiti, South Sudan and the Philippines to increased monitoring list8th July 20210The Financial Action Task Force (FATF) has added Malta, Haiti, South Sudan and the Philippines to its list of jurisdictions…
Industry newsBritish Virgin Islands facing probe into allegations of corruption29th January 2021OCCRP reports that the Governor of the British Virgin Islands has ordered an official probe into allegations of widespread corruption…
Industry newsEuropean Parliament adopts resolution on reforming the EU list of Tax Havens28th January 2021The European Parliament is considering a resolution on reforming the EU list of Tax Havens, which includes measures such as…
Industry newsFATF releases new guidance on mitigating proliferation financing risks6th July 20210The Financial Action Task Force (FATF) has released guidance for national supervisors, banks and other firms on how to effectively…
Industry newsUS DoJ emphasises critical role of whistleblowers in recovering over US$1.6 billion lost to fraud and false claims27th January 2021The US Department of Justice emphasised the critical role that whistleblowers have played in recovering over US$1.6 billion of government…
Industry newsRoyal United Services Institute reports on the impact of the FATF framework on financial inclusion2nd July 20210A new paper from Royal United Services Institute has identified that financial exclusion stemming from the implementation of the FATF…
Industry newsEgmont Group report urges Financial Investigations into Wildlife Crime26th January 2021The Egmont Group has released a report on Financial Investigations into Wildlife Crime, highlighting the global nature of the problem.…
Industry newsAUSTRAC releases guidance following reforms to AML/CFT1st July 20210Following reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act), AUSTRAC has released detailed guidance which provides…