Search results with tag "Guidance for a risk based approach"
GUIDANCE FOR A RISK BASED-APPROACH - Financial …
www.fatf-gafi.orgINTERNET-BASED PAYMENT SERVICES June 2013. FINANCIAL ACTION TAS K FORCE The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and ... New payment methods . NPPS . New payment products and services . P2B . Person-to-business . P2P . Person-to-person . POS . Point of sale . RBA . Risk-based approach . SIM ...
GUIDANCE FOR A RISK-BASED APPROACH
www.fatf-gafi.orgtaking into account national ML/TF risk assessments and AML/CFT legal and regulatory frameworks. It includes a general presentation of the RBA and provides specific guidance for the accountancy profession and for their supervisors. The Guidance was developed in partnership with the profession, to make sure it reflects
GUIDANCE FOR A RISK-BASED APPROACH - Financial …
www.fatf-gafi.orgmust conduct customer due diligence (Recommendation 10); and the obligation to obtain, hold, and transmit required originator and beneficiary information, immediately and securely, when conducting VA transfers (Recommendation 16). As the guidance makes clear, relevant authorities should co-ordinate to ensure this can
GUIDANCE FOR A RISK-BASED APPROACH
www.fatf-gafi.orgAML/CFT legal and regulatory frameworks. It includes a general presentation of the RBA and provides specific guidance for life insurers and intermediaries, and for their supervisors. The guidance was developed in partnership with the private sector, to make sure it reflects expertise and good practices fr om within the industry .
GUIDANCE FOR A RISK-BASED APPROACH - FATF-GAFI.ORG
www.fatf-gafi.orgthe revised FATF International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation, which were adopted in 2012. 1. The FATF has reviewed its 2009 RBA Guidance for the life insurance sector, in order to bring it in line with the revised FAT F requirements. 2.
GUIDANCE FOR A RISK BASED-APPROACH
www.fatf-gafi.orgrelation to new delivery methods of these traditional financial services 4, they do not fall within the scope of this guidance. Rather, the focus of this guidance paper is on innovative payment methods and the measures to mitigate the ML/TF risks posed by these emerging payment methods. 5.