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FATF - 2 Kenya's - 1 cryptocurrencies - 1 Bora Erdamar - 1 Erdamar - 1 Mehmet Simsek - 1 Mucahit Donmez - 1 Altan Tan - 1
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Search resuls for: "FATF's"


3 mentions found


☆ FATF financial crime watchdog adds Kenya and Namibia to its 'grey list'
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: +1 min
The Financial Action Task Force (FATF) international crime watchdog on Friday added Kenya and Namibia to its 'grey list' of countries that need increased monitoring, due to inadequate curbs against money laundering and terrorism financing. "At this Plenary, the FATF added Kenya and Namibia to the list of jurisdictions subject to increased monitoring," said the FATF in a statement. Kenya's Treasury had already said earlier on Friday that it had been put on the 'grey list'. A report from the FATF last year said Kenya mainly faced risks from flows of money linked to terrorism financing from both inside and outside its borders, while cryptocurrencies posed further risks. Namibia's Financial Intelligence Centre said earlier on Friday that putting Namibia on the 'grey list' could have negative impacts on Namibia's foreign direct investment.
Persons: Kenya's, cryptocurrencies Organizations: United Arab Emirates, Kenya's Treasury, Namibia's Financial Intelligence Centre Locations: Dubai, United Arab, Kenya, Namibia, Shabaab, Somalia, al Qaeda
☆ Turkey's crypto rules seen addressing licensing, taxation after boom
  + stars: | 2023-11-14 | by ( Ezgi Erkoyun | ) www.reuters.com   time to read: +5 min
MARKET BOOM"We have been observing that the interest in crypto assets in Turkey is on a continuous rise. There is currently a lack of regulation in this area," said Mucahit Donmez, chief executive of crypto currency exchange Binance Turkey. The government said work on regulation for crypto asset service providers and taxation of digital virtual assets will be on the agenda for 2024. In 2021, authorities banned the use of crypto assets for payments after some local exchanges were investigated for fraud. Onur Altan Tan, board member at Futurance Finance Tech & Fexobit crypto currency platform, said that they are expecting the new regulation to detail out licensing criteria for platforms and bring taxation for users.
Persons: Bora Erdamar, Erdamar, Mehmet Simsek, FATF, Mucahit Donmez, Altan Tan, There's, Ezgi Erkoyun, Jonathan Spicer, Sharon Singleton Organizations: BlockchainIST, Turkey, FATF's, Service, Binance Research, Futurance Finance Tech, Thomson Locations: Turkey, ISTANBUL, Ankara, Paris, United States, India, United Kingdom
☆ Exclusive: Panama expects to be struck off financial crime watch list in October
  + stars: | 2023-06-29 | by ( Valentine Hilaire | Thomson Reuters | Valentine | ) www.reuters.com   time to read: +3 min
The Central American nation urgently needs to exit the watch lists so it can reclaim its place as a financial hub, Deputy Financial Minister Jorge Almengor said in an interview late on Wednesday. In 2019 FATF again placed Panama on its list, saying the country was making too little progress on financial transparency. In 2020, the European Union added Panama to its own list of countries deemed "noncooperative" for tax purposes. The Organization for Economic Co-operation and Development (OECD) has also included Panama on its own watch list. He said the visit should result in Panama's removal from the watch list at an October plenary meeting of FATF.
Persons: Jorge Almengor, Panama's, FATF, Josep Borrell, Laurentino Cortizo, Almengor, Valentine Hilaire, Sarah Morland, Matthew Lewis Organizations: Central American, Union, Organization, Economic Co, Development, Panamanian, EU, Thomson Locations: Panama, Mexico
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