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.
Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. UBS Group AG is adding staff as it looks to double the assets it manages for millionaire clients in
Europe will not hesitate to retaliate if Donald Trump imposes any new tariffs, the European Commission and EU national leaders have said, after the US president announced another escalation of his aggressive
India on Saturday said the Global South should collectively raise its voice for an ambitious new climate finance goal at the UN climate change conference in Azerbaijan’s Baku. Addressing a session
At the recent Investopia conference held in Abu Dhabi, United Arab Emirates, Bermuda’s Minister of Economy and Labour, the Hon. Jason Hayward, took significant steps to promote Bermuda as a leading