Editor's Note: In this installment of our series, the ACAMS moneylaundering.com legal team covers recent AML developments in three Latin American nations. The Financial Action Task Force of Latin America, GAFILAT, published two follow-up reports on Jan. 25, re-examining Cuba and Colombia's progress in implementing the standards of the Financial Action Task Force, or FATF. GAFILAT found that since Colombia's evaluation in 2017, the country has made significant strides in the areas of correspondent banking, maintenance of AML statistics, rules governing cross-border and domestic wire transfers, AML guidance and applying countermeasures against North Korea and Iran. The nation had however...
In this month's installment of our series, the moneylaundering.com legal team reviews Australia and New Zealand's new focus on cybersecurity, and legislative and regulatory reforms to combat financial crime amid the COVID-19 pandemic.
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