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, […]
The Philippines has achieved a major milestone in its efforts to exit the Financial Action Task Force (FATF) grey list, having addressed all 18 deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) controls. This achievement paves the way for the country to potentially leave the grey list in 2025, pending an on-site evaluation […]
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 […]
A Positive Shift: Malta Reduces Money Laundering Risk in iGaming Malta, known as a hub for online gambling, has made a significant change in its latest National Risk Assessment regarding money laundering threats. The island nation has decided to lower the money laundering risk level for iGaming, a move that could have far-reaching implications for […]
Financial Action Task Force (FATF) has once more stressed the need for the Philippines to accelerate the adoption of its action plan concerning anti-money laundering (AML) and counter-financing of terrorism (CFT). The Philippines found its name on the FATF grey list in June 2021 due to an evaluation by the Asia-Pacific Group on Money Laundering […]
The government is facing increasing criticism due to Gibraltar’s continued placement on the grey list of the Financial Action Task Force (FATF). Gambling Commissioner Andrew Lyman emphasized that there is only one remaining significant action point, unrelated to the local gaming sector. Despite acknowledging progress, the FATF announced that the deadline for implementing the necessary […]
The updated grey list by the Financial Action Task Force (FATF) highlights that the Philippines still has work to do in implementing its action plan, according to the FATF itself. Following its recent plenary meeting, the Financial Action Task Force (FATF) has declared that the Philippines will remain on its “grey list” of jurisdictions considered […]
At a seminar hosted by the Cambodia Gambling Management Commission (CGMC), Aun Pornmoniroth, the Deputy Prime Minister and Minister of Economy and Finance, emphasized the significance of Cambodia’s Law on Commercial Gambling. She highlighted that the successful implementation of this law would have a positive impact on the economy, leading to its growth and development. […]
The Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees of the European Parliament have given their approval to three draft legislations that aim to strengthen the EU’s anti-money laundering and counter-terrorist financing (AML/CTF) regulations. One of these draft legislations is the “single rulebook” regulation, which aims to standardize AML/CTF policies across […]