- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-02-26T20:14:00
Kenya was one of two African countries included in the Financial Action Task Force’s (FATF) latest update to its list of jurisdictions under increased monitoring for money laundering and terrorist financing, while the United Arab Emirates (UAE) was among four countries removed.
The designations were announced by the FATF on Friday. The intergovernmental organization’s so-called “grey list” identifies jurisdictions actively working to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
Kenya and Namibia were added in the update, which saw the UAE, Uganda, Barbados, and Gibraltar each removed after making “significant progress” in improving their respective anti-money laundering/countering the financing of terrorism (AML/CFT) regimes.
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2025-02-27T19:22:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the Financial Action Task Force (FATF) watchlist, while another has been removed.
2024-07-01T15:58:00Z By Aaron Nicodemus
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
2024-03-26T15:48:00Z By Kyle Brasseur
The United States’s progress on implementing the beneficial ownership information reporting requirements contained within the Corporate Transparency Act earned it praise from the intergovernmental Financial Action Task Force.
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Maria Aristidou Demetriou, chief compliance officer at Cyprus-based Hellenic Bank, spoke to Compliance Week about derisking in the Cypriot banking sector since Russian’s invasion of Ukraine and efforts to combat corruption, money laundering, and sanctions evasion.
2024-06-03T18:48:00Z By Aaron Nicodemus
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
2024-04-04T00:41:00Z By Aaron Nicodemus
Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.
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