THE HM Treasury has issued a guidance note on operating within the UK’s counter-terrorism legal framework, which includes sanctions measures. Although the guidance note is aimed at Non-Governmental Organisations (NGOs) it is relevant to other sectors. Like other guidance on sanctions and related measures previously issued by HM Treasury, the guidance note is neither applicable […]

HM Treasury has published its anti-money laundering and counter terrorist finance (AML/CFT) supervision report for 2013-14. The report provides a number of case studies of good practice by individual supervisors as they seek to meet the challenges set by the new Financial Action Task Force (FATF) methodology of assessing countries’ AML/CFT regimes. http://bit.ly/1DYJsZH

HM Treasury has published its fourth annual report on anti-money laundering and counter terrorist finance (AML/CTF) supervision in respect of activity undertaken in 2013-2014. The report follows the new methodology used to assess member countries’ AML/CTF regimes published by the Financial Action Task Force (FATF) While previous rounds of assessments focused on technical compliance with […]

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 International Association of Insurance Superviors (IAIS) has released a revision of ICP 22: anti-money laundering and combating the financing of terrorism (AML/CFT) for public consultation. The financial crime working group reviewed ICP 22 in light of the Financial Action Task Force’s (FATF) revision of its recommendations and methodology The main changes to the ICP […]