FATF | Jotup

EbixCash Payment Solutions Reports Exceptional Year-over-Year Revenue and Income Growth in Q4 2023 and Full Year of 2023

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星期一, 一月 8, 2024

Ebix, Mastercard, Travel, FX, FIU, Health, Guruprasad, Foreign exchange market, Airport, Division, GMV, Sale, Student, NOIDA, Visa, INR, Inward, GIC, UPI, Record, Education, The Foreign Exchange, MTSS, USD, Industrial, FATF, YOY, Insurance, Calendar, Ministry, Reserve Bank, Growth, RBI, OTC, Intergovernmentalism, Financial services

EbixCash continued its leadership in the Foreign Exchange (Forex) arena with YOY growth of approximately 38% in 2023.

Key Points:

EbixCash continued its leadership in the Foreign Exchange (Forex) arena with YOY growth of approximately 38% in 2023.
The last quarter of the calendar year from September to December 2023 (Q4’23) accounted for an estimated INR 144 crore of gross revenue.
In the year 2023, EbixCash also reported 30% YOY growth in the student outward remittance business.
EbixCash Payment Solutions group also reported that it continued its dominant leadership role in the Inward remittance business (MTSS) in 2023, while processing 4.4 million transactions in the calendar year 2023.

COFICERT certifies TAMWEELCOM to the AML 30000 standard, with the support of the EU Global Facility

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星期四, 一月 4, 2024

COFICERT certifies TAMWEELCOM to the AML 30000 standard, with the support of the EU Global Facility

Key Points:

COFICERT certifies TAMWEELCOM to the AML 30000 standard, with the support of the EU Global Facility
COFICERT certifies TAMWEELCOM to the AML 30000 standard, with the support of the EU Global Facility
COFICERT France announces that it has awarded Tamweelcom with the AML 30000 certificate of conformity, during a ceremony held in Amman, attended by representatives from the European Union delegation in Jordan, the EU Global Facility on AML/CFT, and the NAMLCTFC (Jordanian National Anti-Money Laundering and Counter-Terrorist Financing Committee).
Tamweelcom's AML 30000 certification process was financed by the EU Global Facility on AML/CFT, established by the European Commission , through a support program dedicated to microfinance institutions, started in 2021 in Tunisia with the certification of the country's main MFI, Enda Tamweel.
His speech was followed by the congratulation of David Hotte, Team Leader of the EU Global Facility : "On behalf of the EU Global Facility, I want to warmly congratulate Tamweelcom on their remarkable achievement by obtaining the AML 30000 certification.
Certification to the AML 30000 Standard aims to protect and reassure the various stakeholders against the risks of money laundering and terrorist financing.

COFICERT certifies NSIA Bank CI to the AML 30000 standard

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星期二, 十二月 26, 2023

COFICERT France announces that it has awarded NSIA Bank CI (CI0000002416 – NSBC) with the AML 30000 certificate of conformity, the international standard dedicated to the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction (AML/CFT).

Key Points:

COFICERT France announces that it has awarded NSIA Bank CI (CI0000002416 – NSBC) with the AML 30000 certificate of conformity, the international standard dedicated to the fight against money laundering, the financing of terrorism and the proliferation of weapons of mass destruction (AML/CFT).
On a national and regional scale, NSIA Bank CI is a highly expending bank having engaged significant modernization and optimization projects.
Mr. Skander highlighted the efforts made upstream by NSIA Bank CI, enabling it to claim AML 30000 certification, specifying: “The evaluation process, which was carried out by our teams over a period of 5 months, under the strict respect of the ISO 17021 standard, confirms the compliance of the NSIA Bank CI AML/CFT system with the AML 30000 standard.
Certification to the AML 30000 Standard aims to protect and reassure the various stakeholders against the risks of money laundering and terrorist financing.

New B2BinPay v18 Introduces Unified Account System and Massive UI Revisions

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星期四, 十一月 16, 2023

View the full release here: https://www.businesswire.com/news/home/20231116251906/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231116251906/en/
B2BinPay v18 update introduces Account Merge - Unifying Merchant and Enterprise Models and streamlining onboarding and business management processes.
(Graphic: Business Wire)
The new release boasts a unified account system, merging the Merchant and Enterprise models and making transaction management easier than ever before.
Coupled with a revamped front end and reinforced regulatory compliance, B2BinPay continues to prioritise UX and security in this latest version.
New integration equipped B2BinPay with a robust system for detecting suspicious activities and eliminating fraud, providing clients with added peace of mind.

ACAMS Grants 10 CAMS Scholarships in Japan to Bolster Nation's Anti-Money Laundering Expertise

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星期一, 十二月 11, 2023

Distance, CAMS, Financial Action Task Force, FATF, AFC, Certification, ACAMS, Drug, Cryptocurrency, Forestry

WASHINGTON, Dec. 11, 2023 /PRNewswire/ -- ACAMS, a leading international membership organization dedicated to the fight against illicit finance, is pleased to announce it has awarded CAMS Scholarships to 10 anti-financial crime (AFC) professionals in Japan, reflecting ACAMS' unwavering commitment to the nation's fight against illicit finance.

Key Points:

The CAMS Scholarship program aims to equip professionals to advance their financial crime prevention careers and benefit from being part of ACAMS' global anti-financial crime community.
"Japan has taken significant steps to enhance its framework for combating money laundering and terrorist financing," said ACAMS Interim CEO, Mariah Gause.
"It is our hope that the CAMS Scholarships will contribute to the success of Japan's AFC professionals as they work to bolster their nation's fight against financial crime."
Details about the judges for the CAMS Scholarship Japan and the list of recipients is available here: https://www.acams.org/en/resources/diversity-equity-inclusion/scholarshi...
Find out more about ACAMS Scholarship initiative here:

ACAMS Assembly Bolsters Caribbean's Efforts to Combat Financial Crime with Expert Insights on Recent Money Laundering and Fraud Case Studies, Sanctions and Beyond

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星期四, 十二月 7, 2023

WASHINGTON, Dec. 7, 2023 /PRNewswire/ -- Navigating critical challenges in a region recognized as a hub for offshore banking and now virtual currency exchanges - the ACAMS Assembly is poised to host a unique two-day anti-financial crime (AFC) educational and networking event starting on December 11 in Orlando, Florida. This marks ACAMS' first in-person gathering of AFC professionals from the Caribbean since the pandemic, aiming to fortify the region's efforts against money laundering, sanctions evasion, fraud, and other illicit activities.

Key Points:

This marks ACAMS' first in-person gathering of AFC professionals from the Caribbean since the pandemic, aiming to fortify the region's efforts against money laundering, sanctions evasion, fraud, and other illicit activities.
"It is evident that the regulatory landscape is undergoing continuous tightening, heightening the urgency for robust and effective controls.
Additionally, the speed of technological evolution has resulted in a surge in fraud and other financial crimes.
For more information on The Assembly Caribbean, including access to the agenda and registration portal, please visit: https://www.acams.org/en/events/the-assembly/the-assembly-caribbean .

International Conflict and Emerging Technologies Drive ComplyAdvantage Experts' FinCrime Trends for 2024

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星期三, 十二月 6, 2023

LONDON and NEW YORK, Dec. 6, 2023 /PRNewswire/ -- Today, ComplyAdvantage announced the four trends it believes will shape the financial crime landscape in 2024. Following conversations with regulators, industry leaders, and innovative financial institutions worldwide, the company's team of regulatory affairs experts predict that the next 12 months will be defined by significant challenges posed by technology and international turmoil.

Key Points:

LONDON and NEW YORK, Dec. 6, 2023 /PRNewswire/ -- Today, ComplyAdvantage announced the four trends it believes will shape the financial crime landscape in 2024.
Advancements in technology, such as machine learning, allow us to use big data in this way.
I expect to see lots of exciting innovations in this space through 2024," said Vatsa Narasimha, CEO, ComplyAdvantage.
As this continues through 2024, the conversation will shift to how and where these models are used, emphasizing training and transparency.

Panama officially removed from FATF grey list

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星期五, 十月 27, 2023

Financial Action Task Force blacklist, Republic, Foreign Affairs, Pressure, Ministry of Economy and Finance (South Korea), Insurance, Terrorism, Financial Action Task Force, Economic development, FATF, PANAMA, Ministry, Tourism, Cryptocurrency, Online shopping, Canal

PANAMA CITY, Oct. 27, 2023 /PRNewswire/ -- In a momentous decision with positive implications for the international financial community and Panamanian economy, the Financial Action Task Force (FATF) today excluded Panama from its grey list. This announcement comes following an FATF plenary meeting, held in Paris, France, in which it was determined that the Republic of Panama has strengthened its anti-money laundering and counter-terrorist financing prevention system and implemented substantial regulations and actions that have allowed the country to take an important step forward in international transparency.

Key Points:

PANAMA CITY, Oct. 27, 2023 /PRNewswire/ -- In a momentous decision with positive implications for the international financial community and Panamanian economy, the Financial Action Task Force (FATF) today excluded Panama from its grey list.
Today, these substantial efforts have been recognized by the international community with the successful removal of Panama from the FATF grey list, an endeavor many years in the making."
Panama's removal from the FATF grey list represents a crucial milestone in the country's economic development.
Minister Tewaney further commented on the future implications of the decision for Panama, stating:
"Panama's removal from the grey list solidifies Panama as an attractive, stable and safe destination for foreign investment.

Panama officially removed from FATF grey list

Retrieved on:

星期五, 十月 27, 2023

Insurance, Terrorism, FATF, Pressure, Ministry of Economy and Finance (South Korea), PANAMA, Ministry, Justice, Republic, Ministry of Foreign Affairs, Financial Action Task Force, Foreign Affairs, Economic development, Financial Action Task Force blacklist, Tourism, Department of Justice (Hong Kong), Cryptocurrency, Online shopping, Canal

PANAMA CITY, Oct. 27, 2023 /PRNewswire/ -- In a momentous decision with positive implications for the international financial community and Panamanian economy, the Financial Action Task Force (FATF) today excluded Panama from its grey list. This announcement comes following an FATF plenary meeting, held in Paris, France, in which it was determined that the Republic of Panama has strengthened its anti-money laundering and counter-terrorist financing prevention system and implemented substantial regulations and actions that have allowed the country to take an important step forward in international transparency.

Key Points:

PANAMA CITY, Oct. 27, 2023 /PRNewswire/ -- In a momentous decision with positive implications for the international financial community and Panamanian economy, the Financial Action Task Force (FATF) today excluded Panama from its grey list.
Today, these substantial efforts have been recognized by the international community with the successful removal of Panama from the FATF grey list, an endeavor many years in the making."
Panama's removal from the FATF grey list represents a crucial milestone in the country's economic development.
Minister Tewaney further commented on the future implications of the decision for Panama, stating:
"Panama's removal from the grey list solidifies Panama as an attractive, stable and safe destination for foreign investment.

Fireblocks Taps Former NYDFS Crypto Regulator Peter Marton and Expert Cryptographer & Builder of EY's Nightfall Chaitanya Reddy Konda to Lead On-Chain Digital Identity and Programmable Compliance Initiatives

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星期二, 十月 24, 2023

Ethereum, Web3, NYDFS, FATF, Financial services, Digital identity, EY, Blockchain, Learning, Chief, Financial Action Task Force, Private sector, Virtual currency, New York State Department of Financial Services, Safety, Konda, Cryptocurrency, Privacy, Nightfall

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Today, Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, announces the strategic appointments of Peter Marton, former Deputy Superintendent of Virtual Currency at the New York State Department of Financial Services (NYDFS), and leading cryptographer, Chaitanya Reddy Konda, who designed and built Nightfall, a pioneering privacy solution for Ethereum token transfers for EY. Together, they will lead the company's efforts to develop programmable blockchain-based compliance products and set international standards for on-chain identity for the digital asset industry.

Key Points:

Together, they will lead the company's efforts to develop programmable blockchain-based compliance products and set international standards for on-chain identity for the digital asset industry.
Marton, an authority in digital asset regulation, joins Fireblocks as Director of Digital Identity, and will report directly to Jason Allegrante, Fireblocks' Chief Legal & Compliance Officer.
Chaitanya Reddy Konda, assuming the role of Senior Technical Product Manager, Digital Identity & Privacy, is an established authority in the realm of applied cryptography.
For those interested in learning more about Fireblocks' pioneering work in on-chain digital identity and other digital asset solutions, visit fireblocks.com .