The Financial Action Task Force (FATF) has announced that it was making major changes to the criteria to focus on those nations posing greater risks to the international financial system.

The FATF also noted the “risk-based” supervision of susceptible entities such as casinos, lawyers, accountants, and real estate agents. It likewise commended the implementation of new ...

The Financial Action Task Force (FATF) has significantly changed its criteria for placing countries on its lists. These ...

The FATF has revised its criteria for listing countries to alleviate the burden on least developed nations while focusing on those posing greater threats to the global financial system.

The changes made by the FATF will ensure the listing process better targets the nations that pose the greater risk to the international financial system and contributes to more adequate support to ...

The Financial Action Task Force (FATF) has unveiled new rules for deciding ... other jurisdictions by consensus determine that this is a high-risk jurisdiction,” she said. Countries which ...

In a statement, the BSP said it welcomed the statement from global watchdog Financial Action Task Force (FATF), which recognized ... significant milestones in risk-based AML/CTPF supervision.

Another plus factor that the FATF highlighted even with a slight decline in foreign direct investment inflows to $8.9 billion “was its investment-grade sovereign credit ratings supported by ...

Ukraine first asked for Russia to be nominated among the high-risk jurisdictions in April 2022, according to the document, and has consistently — albeit unsuccessfully — submitted new evidence to get ...

In a statement yesterday, the BSP said it welcomes the FATF’s recent assessment where ... financial system and continues to conduct risk-based AML/CTPF examinations, thematic reviews and ...

THE PHILIPPINES has made headway in its bid to exit the Financial Action Task Force’s (FATF) “gray list” by next year as it has “substantially completed” its remaining action items.

According to the FATF, the Philippines has made key reforms, such as demonstrating that risk-based supervision of designated non-financial businesses and professions is occurring and that ...