Copyright 2008 - 2014 by KnowYourCountry
KnowYourCountry Limited has
achieved ISO 9001 Certification
for the provision of on-line
information of money laundering
and sanction information on a
country by country basis
Global Anti-Money laundering Research Tool
Daily Newsletter

To read and/or subscribe to our free daily newsletter focusing on current Global Anti-Money
Laundering, Sanction and Corruption issues go to the following link: -

http//news.knowyourcountry.com

________________________________________________________________________

Reports / Website Updates


30 October 2014  -  
Cyprus: 2014 Article IV Consultation-Staff Report - includes information
on aml issues


Read Extract and access full report

________________________________________________________________________

28 October 2104  
-  FATF publishes the following Guidance notes: -

Guidance on Transparency and Beneficial Ownership

Risk-Based Approach for the Banking Sector

________________________________________________________________________

25 October 2014  -  Outcomes of the Plenary meeting of the FATF, Paris, 22-24 October 2014
– Under the Australian Presidency, the first FATF Plenary meeting of Plenary year FATF-XXVI
was held on 22-24 October 2014.  The main issues dealt with by this Plenary were:   

FATF call on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran  and  Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF to
address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria   Ecuador   Indonesia   Myanmar  


FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for which
they have developed an action plan with the FATF. While the situations differ among each
jurisdiction, each jurisdiction has provided a written high-level political commitment to address
the identified deficiencies.  
Guyana  is added to these jurisdictions. The jurisdictions are: -

Afghanistan   Albania   Angola   Cambodia   Guyana   Iraq   Kuwait   Laos   Namibia   
Nicaragua   Pakistan   Panama   Papua New Guinea   Sudan   Syria   Uganda   Yemen  
and
 Zimbabwe


Argentina   Cuba   Ethiopia   Tajikistan   and  Turkey  are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process


Other Outcomes

Issuing a statement to clarify the risk-based approach in the light of the de-risking
phenomenon: ‘FATF clarifies risk-based approach: case-by-case, not wholesale de-risking’

Read More

Expressing concern with the financing generated by and provided to the terrorist group the
Islamic State of Iraq and the Levant (ISIL):  'FATF action on the terrorist group ISIL'

Read More

Discussing the fourth round mutual evaluation reports on compliance with the FATF
Recommendations of Norway and Spain.

Read More

Welcoming Japan’s important progress in its legislative actions, and encouraging Japan to
continue to address deficiencies, including through the adoption of relevant bills.

Reviewing the voluntary tax compliance programmes in Argentina, Australia, France, and
Kyrgyzstan.

Read More

________________________________________________________________________

24 October 2014  -  FATF:  Turkey has taken sufficient steps in addressing technical
compliance with the Core and Key Recommendations (FATF Recommendations) to be removed
from the follow-up process

Read More

________________________________________________________________________

24 October 2014  -  FinCEN Issues Quarterly Update of SAR Stats

Read Update

________________________________________________________________________

22 October 2014  -  Summary of FATF and the G20 Anti-Corruption Working Group (ACWG)
joint Experts’ Meeting on Corruption held on Saturday, 18 October 2014

Read More

________________________________________________________________________

21 October 2014  -  IMF Report: Republic of Korea: Financial Sector Assessment Program-
Detailed Assessment of Compliance on the Basel Core Principles for Effective Banking
Supervision - includes information on anti-money laundering issues

Read Extract and access full Report

________________________________________________________________________

19 October 2014  -  We have introduced a paywall into our website. All visitors will continue to
have free access to the general areas of our website but access will be limited to seven free
views of the country summary pages each month. Members will continue to have unlimited
access to all of the Country summary pages, enhanced reports in pdf format, Country FATF
recommendation ratings and our country data spreadsheet, which is the basis of our index
ratings table.

Click here for further information

________________________________________________________________________

15 October 2014  -  IMF Report: Kazakhstan: Financial System Stability Assessment -
includes information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________

13 October 2014  -  IMF Financial Operations 2014 Report

Read Report

________________________________________________________________________

8 October 2014  -  Global Financial Centres Index 15 published

Read Index

________________________________________________________________________

5 October 2014  -  IMF Report: Republic of the Congo: 2014 Article IV Consultation  -  
Improving transparency and governance in the natural resource sector remains a major
challenge

Read Extract and access full Report

________________________________________________________________________

29 September 2014  -  FinCEN Issues Guidance on Recognizing Activity that May be Associated
with Human Smuggling and Human Trafficking — Financial Red Flags

Read Guidance

________________________________________________________________________

25 September 2014  -  Public statement under Step 3 of MONEYVAL’s Compliance Enhancing
Procedures in respect of
Bosnia and Herzegovina

Read Statement

________________________________________________________________________

22 September 2014  -  IMF Report: Belize: 2014 Article IV Consultation - includes statement
on AML situation

Read Extract and access full report

________________________________________________________________________

18 September 2014  -  Update on the Public Statement in Respect of the Republic of Uganda
issued by the ESAAMLG Council of Ministers

Read Statement

________________________________________________________________________

17 September 2014  -  IMF Report:  Angola: 2014 Article IV Consultation-Staff Report  -  
includes information on aml and corruption issues

Read Extract and access full report

________________________________________________________________________

14 September 2014  -  OECD:  Strategic perspective on the prevention, detection and
investigation of international tax crime

Read More

________________________________________________________________________



Archives
This is my page