Search For "cft"
New FATF report highlights illicit finance risks linked to Offshore VASPs
Updated : 3 days, 13 hours ago IST
Offshore VASPs are VASPs created under the laws of one jurisdiction, with or without a physical presence, that provide services to clients residing in another jurisdiction. The report analyses how oVASPs structure their activities to avoid or evade regulatory obligations and how illicit acto
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Thiruvananthapuram Airport inducts three Rosenbauer Panther crash fire ten
Updated : 3 weeks, 6 days ago IST
Thiruvananthapuram Airport has strengthened its Aircraft Rescue and Firefighting (ARFF) capabilities with the induction of three state-of-the-art Panther CFT crash fire tenders from Rosenbauer, enhancing rapid response and operational readiness.
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North Korea, Iran, and Myanmar continue to remain on FATF's blacklist
Updated : 4 months, 2 weeks ago IST
The Financial Action Task Force (FATF), the global watchdog against terror financing and money laundering, continued to list North Korea (DPRK), Iran, and Myanmar under blacklist as "high-risk jurisdictions subject to a Call for Action" for severe deficiencies in their anti-money launderi
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1 in 4 Risky Transactions May Be Missed -- MetaComp Study Finds Limited KY
Updated : 8 months ago IST
Singapore, July 17: As stablecoins are poised to take centre stage in cross-border payments, a new study by MetaComp Pte Ltd (MetaComp), a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), evaluates the effectiveness of leading on-chain Know-Your-Transactions (
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FATF condemns Pahalgam terror attack, says "this...could not occur without
Updated : 9 months ago IST
In a statement, the FATF, the global money laundering and terrorist financing watchdog, underscored the body's grave concern over the rising tide of terrorism and its focus on dismantling the financial networks that fuel these attacks.
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UAE delegation concludes official visit to Morocco to strengthen cooperati
Updated : 10 months, 3 weeks ago IST
The visit, held from 22 to 24 April, was organised in cooperation with the National Financial Intelligence Authority of Morocco and aimed to reinforce strategic coordination between the two nations in the areas of anti-money laundering (AML), counter of terrorism financing (CFT), and counter
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Nepal's FATF grey list inclusion sparks political row, Opposition seeks PM
Updated : 1 year ago IST
This is the second time Nepal has been placed on the grey list, which includes countries with strategic deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CFT) regimes. Nepal was on the FATF grey list from 2008 to 2014.
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UAE delegation meets French officials to strengthen cooperation
Updated : 1 year, 1 month ago IST
The visit highlights the UAE's commitment to activating effective communication channels to reduce financial crimes in alignment with its strategic goals and global AML/CFT standards.
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Travel Rule at Scale: VerifyVASP Achieves 10M Verifications Worth USD 200B
Updated : 1 year, 5 months ago IST
Singapore, October 8: VerifyVASP, a leader in virtual asset compliance solutions, has reached significant milestones in Travel Rule implementation: $200 billion of verified transfers processed across 10 million successful verifications since its inception in 2022. The Travel Rule is an AML/C
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India faces serious terrorism, terrorist financing threats from Al Qaeda:
Updated : 1 year, 5 months ago IST
The Financial Action Task Force (FATF) on Thursday praised India's efforts to tackle illicit finance, however, warned the country of serious terrorism and terrorist financing threats, including those related to ISIL or Al Qaeda.
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Jocata launches One Case Manager enabling Financial Institutions comply by
Updated : 1 year, 7 months ago IST
New Delhi [India], August 12: Jocata, a leading RegTech partner for the BFSI industry announces the pan-India rollout of its industry-first offering called 'One Case Manager'. Jocata One Case Manager comes at a time when RBI circular dated January 2024 directs the regulated entities (REs)
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Sixth EU-UAE Structural Dialogue on AML/CFT concludes in Brussels
Updated : 1 year, 8 months ago IST
The sixth EU-UAE Structural Dialogue on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) was recently held in Brussels.
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