Global terror financing watchdog, Financial Action Task Force (FATF) has underlined the potential threats where money can be misused in a rapidly digitalising world. FATF says money can be misused to support terrorism, hide illegal earnings, or fund activities that can harm global peace. It highlighted that to protect the world’s financial systems, FATF works with countries around the globe
FATF underlined its two reports published this year which extensively cover advanced methods including the manipulation of beneficial ownership information to mask the identities of sanctioned individuals and entities, the misuse of virtual assets and cryptocurrencies and leveraging maritime sectors and shipping industries to bypass international regulations.
The European Commission on Monday defended its decision to recommend the removal of Gibraltar from the EU’s list of high risk jurisdictions. Maria Luís Albuquerque, the Commissioner for Financial
The trial of 27 individuals, including the founders of Mossack Fonseca, tied to the Panama Papers scandal commences in Panama. This trial will shed light on global financial deceit and spark a broader
EU institutions agreed Wednesday on a legislative simplification plan that will remove the majority of companies from the scope of the carbon tax at the border. The European Council announced that an
On 2 April, the European Investment Bank (EIB) priced €3 billion of green bonds that will mature in 2037. The issuance marks the largest transaction aligned with the European Green Bond Standard (EUGBS)