Financial Action Task Force

Subscribe to Financial Action Task Force via RSS

AML: HM Treasury Updates Advisory Notice on Money Laundering and Terrorist Financing Controls in Higher-Risk Jurisdictions

By Carolyn H. Jackson, Nathaniel Lalone & Neil Robson on April 2, 2021

Posted in Financial Markets, UK Developments

On March 24, HM Treasury revised its advisory notice on money laundering and terrorist financing controls in overseas jurisdictions (AML/CTF). This replaces all previous notices issued by HM Treasury on this subject. The updated notice follows two statements published by the Financial Action Task Force on February 25, identifying jurisdictions with strategic deficiencies in their AML/CTF regimes.
Continue Reading AML: HM Treasury Updates Advisory Notice on Money Laundering and Terrorist Financing Controls in Higher-Risk Jurisdictions

FSB Publishes Report on Cryptoassets

By Carolyn H. Jackson, Nathaniel Lalone & Neil Robson on July 20, 2018

Posted in Digital Assets and Virtual Currencies, Financial Markets, UK Developments

On July 16, the Financial Stability Board (FSB) published a report on the work of the FSB and standard setting bodies on cryptoassets. The report was delivered to the G20 Finance Ministers and Central Bank Governors ahead of their meeting on July 21 – 22.

The standard setting bodies, whose work is summarized in the FSB’s report, are: (1) the FSB itself; (2) the Committee on Payments and Market Infrastructures (CPMI); (3) the International Organization of Securities Commissions (IOSCO); and (4) the Basel Committee on Banking Supervision (BCBS).
Continue Reading FSB Publishes Report on Cryptoassets