China Implements New AML Rules Strengthening Preventive Measures and Accountability
China’s latest Anti-Money Laundering rules on special preventive measures have come into effect, significantly strengthening the country’s financial crime framework. The updated regime introduces clearer tools for cross-border capital supervision, allows for immediate enforcement without prior notification, and imposes personal liability on senior management where internal controls are found to be inadequate. Together, these changes mark a […]
Understanding the Structure of the FATF Recommendations
How the FATF Framework Shapes Global AML and CFT Compliance The Financial Action Task Force FATF Recommendations form the foundation of the global system for combating money laundering, terrorist financing, and proliferation financing. While most compliance professionals recognize their importance, fewer take the time to understand how the Recommendations are structured and why that structure […]
