NEWS: Dutch police seize €1M during investigation into underground banking

Regulatory Watch News

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  OFAC Website User Survey Reminder

  OFAC

  November 8, 2024

  The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has created a user survey to gather your feedback. We value your experience on the OFAC website and want to ensure we are meeting your needs. To help us develop robust, customer-centric solutions, we invite you to complete a brief satisfaction survey. Your input will significantly contribute to enhancing sanctions guidance, resource accessibility, and user experience. It should only take a few minutes. Act now! The survey will close on December 30, 2024.

  Take the survey here!

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  MONEYVAL chairperson and FATF president exchange views with Council of Europe Committee of Ministers

  MONEYVAL

  November 8, 2024

  On 6 November, Nicola Muccioli, Chairperson of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL), and Elisa de Anda Madrazo, President of the Financial Action Task Force (FATF), held an exchange of views with the Council of Europe’s Committee of Ministers. Chairperson Muccioli presented MONEYVAL’s work and achievements during 2023, as reflected in its annual report and the features of the recently launched 6th evaluation round. He highlighted MONEYVAL’s close cooperation with the FATF and its contribution to revising the global standards to counter money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.  

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  Money Laundering National Risk Assessment Guidance

  FATF

  November 8, 2024

  Understanding risk is a fundamental building block to the risk-based approach. Developing a granular, accurate and up-to-date risk understanding is an ongoing, dynamic process for a country. It is a process that necessitates responding to changing environmental factors, constantly assessing new information and scanning the horizon for risks that may be emerging or materialising. Given the complexity of understanding risk, it is important that a country takes a structured and coherent approach to developing an up-to-date risk understanding.