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Indonesian AML and counter terrorist financing efforts
In February, the Financial Action Task Force placed Indonesia on its list of jurisdictions with strategic anti-money laundering deficiencies. Despite the potential impact on financial aid the listing...
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Maldives: Politicians in deep water with APG on AML legislation
A high-level delegation from the Asia/Pacific Group on Money Laundering (APG) informed MPs on the National Security Committee yesterday of “negative consequences” for the Maldives if parliament fails...
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FATF: Eight Asian nations on the watch-list – four more still pose risks
At its Paris plenary meeting last week, the Financial Action Task Force produced a revised list of countries under observation for compliance with the 40 Recommendations on anti-money laundering and...
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CTF/Hawala: India-US crack down on Pakistan terror financing networks
India and the US held a side meeting at the Financial Action Task Force (FATF) plenary last week to finalise plans for cooperation on identifying and closing down sources of funding to Pakistan...
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Pakistan identifies 26 tax crimes as ML predicate offences
The government of Pakistan is preparing a list of serious tax crimes to be declared as predicate offences under the Anti-Money Laundering Act 2010. A total of 26 offences have been outlined so far,...
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Nigeria: meaningless headlines in the face of barbarian acts
Nigeria Rated Highly for Curbing Money Laundering reads the AllAfrica.com headline. Can this be the same Nigeria presided over by Goodluck Jonathan, terrorised by Boko Haram and courted by the US? More...
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FATF raises profile in 25th year with 8 new objectives
The Financial Action Task Force (FATF) held its annual plenary session in June, announcing the latest additions and deductions to and from its country watch-lists, as well as presenting eight...
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Iraqi banks take aim at money laundering
The Iraqi Private Banks League on Thursday (July 17th) announced new measures to prevent money laundering and terrorist financing attempts. “The new measures include creating an inter-bank database on...
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