virtual currency joining FATF club
Posted in Financial Crime

Crypto takes steps towards FATF Recommendations Compliance – by Malcolm Wright

As promised Malcolm Wright provides an update to Financial Crime News on the Crypto Industry’s response to the challenge laid down by FATF to adopt…

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fatf meeting
Posted in FATF Virtual Currency

Crypto asks for more effective AML regulation – by Malcolm Wright

In February 2019, FATF issued its proposed recommendations for AML governance of the crypto industry. Under pressure from the international community, the FATF aimed to bring…

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virtual currency joining FATF club
Posted in FATF Virtual Currency

Virtual Currency is joining the FATF club

Virtual Currencies (VC) have come a long way in the 10 years since Bitcoin first emerged, born out of the financial crises and now a…

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Posted in FATF Financial Crime Money Laundering

FATF Country Evaluation Results – Part 2

It has already been reported in FATF Country Evaluation Results – Part 1 that over 70 Countries were assessed based on published FATF Reports and…

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Red Alert
Posted in Financial Crime

Red Alert by John Cusack

I like to think of “Red Alert” as an 800 page plus private travel guide through the teeming jungle of crimes, risks, regions, countries, criminals,…

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Posted in FATF Financial Crime Money Laundering

FATF News – An open ended Mandate

On 12th April, 2019, Ministers agreed an open ended mandate for the FATF, marking its 30 year anniversary. The indefinite extension which takes effect in…

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fatf meeting
Posted in FATF Financial Crime Money Laundering

FATF Countries of Concern

Countries where FATF has called for counter measures remains unchanged with both North Korea and Iran still listed. That said counter measures on Iran had…

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Posted in Financial Crime

Saudi Arabia – Country Focus

The provisional EU listing of Saudi Arabia (which has since been defeated by EU Governments at least temporarily) ironically comes just after the Saudi government,…

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fatf meeting
Posted in FATF Financial Crime Money Laundering

FATF at 30

In response to mounting concern over money laundering, FATF was established by the G-7 at a summit held in Paris in 1989. The original members…

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