November 6, 2024

South Africa Strengthens AML to Exit FATF Grey List

South Africa is making significant strides in its efforts to exit the FATF grey list, with recent updates to its anti-money laundering (AML) and counter-terrorist financing (CTF) framework. Despite some progress, key challenges remain, particularly around financial sector alignment, casino regulation, and transaction reporting standards. With the Financial Action Task Force (FATF) offering specific recommendations, […]

October 28, 2024

Philippines Poised to Exit FATF Grey List in 2025

After over three years on the FATF grey list, the Philippines is on track to exit in early 2025, thanks to substantial reforms in anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. The Financial Action Task Force (FATF), which regularly reviews high-risk jurisdictions, has noted that the Philippines has “substantially completed” an action plan to […]

October 7, 2024

Cyberhorizon Hit with Major Penalty for AML and CTF Breaches

The Isle of Man Gambling Supervision Commission (GSC) has slapped Cyberhorizon, a digital office hosting service, with a hefty £140,000 (€167,297/$183,576) penalty. The fine is a result of serious breaches related to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. This enforcement action sends a clear message about the GSC’s commitment to upholding strict compliance […]