https://www.gov.uk/government/publications/money-laundering-and-terrorist-financing-controls-in-overseas-jurisdictions-advisory-notice   These publications can all be found on the FATF website at: http://www.fatf-gafi.org/ Further please find attached the link to the current list of designated persons. https://www.gov.uk/government/publications/current-list-of-designated-persons-terrorism-and-terrorist-financing

https://www.gov.uk/government/publications/money-laundering-and-terrorist-financing-controls-in-overseas-jurisdictions-advisory-notice These publications can all be found on the FATF website at: http://www.fatf-gafi.org/ Further please find attached the link to the current list of designated persons. https://www.gov.uk/government/publications/current-list-of-designated-persons-terrorism-and-terrorist-financing

Panama breaches international guidelines to prevent money laundering and terrorism financing, according to an evaluation of the International Monetary Fund (IMF) that worries experts. The IMF found that of the 40 recommendations of the Financial Action Task Force to combat these crimes, Panama complied fully with one, applied three broadly, 23 partially and 13 not […]

Overview On an application by the Representor trustee under Article 51 of the Trusts Law, the Royal Court determined that it was appropriate not to apply recent English authority following, instead, a Privy Council decision (on an appeal from New Zealand), because for “important reasons of policy” the Court needed to make a decision that […]

The NCA has published a new guidance note from the United Kingdom Financial Intelligence Unit (UKFIU) on submitting a Suspicious Activity Report (SAR) within the regulated sector. This provides additional guidance on • the type of information which the NCA finds useful in a SAR and • other practical issues relating to SAR submission http://www.nationalcrimeagency.gov.uk/publications/116-submitting-a-sar-within-the-regulated-sector/file

World Council of Credit Unions has urged the Financial Action Task Force to reduce unnecessary compliance burdens on credit unions by providing increased clarity on the relative risks posed to global anti-money laundering efforts by common retail credit union and banking services. WOCCU’s Jan. 13 comment letter to the Paris-based international organization was written in response to six […]

The Guernsey Financial Services Commission is committed to maintaining appropriate and effective standards of regulatory supervision within the Bailiwick in order to protect its international reputation as a financial centre. Through its onsite program and enquiries received from industry, the Financial Crime and Authorisations Division has identified a number of areas where it has been […]

The second plenary meeting of the Financial Action Task Force (FATF), which was held in Paris from 12 to 14 February 2014, achieved the following outcomes in relation to its key focus on anti-money laundering (AML) and combating the financing of terrorism (CFT):   producing documents to identify jurisdictions which may pose a risk to […]