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.
The FATF grey list identifies countries where increased financial monitoring is necessary to combat money laundering, terrorist financing, and nuclear weapons proliferation. FinCEN said Laos and Nepal have been added, while the Philippines have been removed, according to a press release Wednesday.
Laos and Nepal made a “high-level political commitment” to work with the FATF and the Asian Pacific Group on Money Laundering to strengthen the effectiveness of their anti-money laundering/countering the financing of terrorism (AML/CFT) regime, according to an FATF press release Friday.
European financial institutions will have to assess whether ESG risks could threaten their business models and risk profiles under draft rules tabled by the EU’s top banking regulator. The European
Prosecutors allege Hunter Biden received payments from Romanian businessman Gabriel Popoviciu, aiming to influence U.S. government agencies amid a criminal probe in Romania. The trial is set for Sept.
In a significant shift echoing trends seen across Europe, Portugal has recently adjusted the qualifications for its Golden Visa program, moving away from the once popular real estate investment route.
Press Release from Carey Olsen, Thursday 20 February, 2025. Carey Olsen’s corporate team in Singapore has acted as Cayman legal counsel to GCL Global Limited (“GCL”), one of Asia’s