The number of FTZs has rapidly increased and there are now approximately 3,000 FTZs in 135 countries (FATF 2010). In 2007, total exports from FTZs were estimated at US$400b (FATF 2010).

Nepal, Feb. 4 -- Nepal is once more at risk of being greylisted by the Financial Action Task Force (FATF) due to its inability to rectify significant deficiencies in its anti-money laundering (AML ...

New international anti-money laundering standards aim to make it easier for everyone to participate in the financial services ...

Its impact is primarily driven by two factors: Reduction of investment risk by following the recommendations of a specialized organization, and avoiding sanctions for non-compliance with FATF ...

The FATF has developed guidance on terrorist financing risk to support experts that contribute to evaluations of the 200+ jurisdictions in the Global Network," the statement read.

“While the FATF does not call for the application of enhanced due diligence measures, its members and other jurisdictions may consider a country’s greylisting in their risk analysis when ...

In the U.K., the Proceeds of Crime Act 2002 handles AML laws, and even after Brexit, the U.K. still follows FATF guidelines and EU regulations. Tips For Creating An AML Compliance Framework ...

Card networks, mostly headquartered in the West, benefit from historical precedence. Instant payment systems, by contrast, are homegrown innovations in emerging markets, cheaper, faster, and vital for ...

The FATF also noted the “risk-based” supervision of susceptible entities such as casinos, lawyers, accountants, and real estate agents.

MANILA, Philippines – President Ferdinand R. Marcos Jr.'s decision to ban Philippine Offshore Gaming Operators (Pogos) played a crucial role in the country’s removal from the Financial ...