..., include – (a) relaxing the threshold of defining beneficial ownership from the current “not less than 10%” to “more than 25%”, having regard to the prevailing FATF standard and international practice; (b) introducing flexibility to measures permitted to be taken for verifying a customer’s identity, in the...

... February 2020, in light of the COVID-19 pandemic, the FATF has paused the review process for countries in the list of high-risk jurisdictions subject to a call for action. Therefore, the FATF issued a statement on 25 February 2021 2 advising its members to refer to the list of high-risk jurisdictions...

... they are already subject to the FATF’s call for countermeasures. Therefore, the FATF issued a statement on 25 June 2021 2 advising its members to refer to the list of high-risk jurisdictions subject to a call for action adopted in February 2020, namely Iran and the Democratic People’s Republic of...

... they are already subject to the FATF’s call for countermeasures. Therefore, the FATF issued a statement on 25 June 2021 2 advising its members to refer to the list of high-risk jurisdictions subject to a call for action adopted in February 2020, namely Iran and the Democratic People’s Republic of...

... February 2020, in light of the COVID-19 pandemic, the FATF has paused the review process for countries in the list of high-risk jurisdictions subject to a call for action. Therefore, the FATF issued a statement on 25 February 2021 2 advising its members to refer to the list of high-risk jurisdictions...

... they are already subject to the FATF’s call for countermeasures. Therefore, the FATF issued a statement on 25 June 2021 2 advising its members to refer to the list of high-risk jurisdictions subject to a call for action adopted in February 2020, namely Iran and the Democratic People’s Republic of...

... they are already subject to the FATF’s call for countermeasures. Therefore, the FATF issued a statement on 25 June 2021 2 advising its members to refer to the list of high-risk jurisdictions subject to a call for action adopted in February 2020, namely Iran and the Democratic People’s Republic of...

... Regulations. In response to the Execut ive Order issued by the President of the United States in September 2001, the Insurance Authority has also issued a c i rcu la r to insu rance ins t i tu t i ons advising them to watch out for any suspicious transact ions relat ing to those persons/ent i t ies prescr ibed...