By Financial Action Task Force (FATF)
A new report by the Financial Action Task Force (FATF) highlights serious and evolving terrorist financing risks, and warns of gaps in countries’ abilities to fully understand terrorism financing (TF) trends and thus respond effectively.
The report, Comprehensive Update on Terrorist Financing Risks ...
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Sectors heavily dependent on biometric identity verification – such as financial services, mobile network operators, and credit providers – are under strain following the Department of Home Affairs’ (DHA) dramatic increase in fees for access to its biometric database. The cost per identity check has surged from 15 cents to ...
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The Financial Intelligence Centre (FIC) has issued an amendment to the Targeted Financial Sanctions (TFS) list. The update includes the following entries:
All accountable and reporting institutions are required to immediately review their client and transactional records to ensure compliance with these updated sanctions ...
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By Lee Rossini
Corporate Social Responsibility (CSR) refers to a company's commitment to manage its operations in an ethical, sustainable and socially conscious way. It involves going beyond the pursuit of profits to consider the impact of business decisions on people, the environment and society at large. CSR can cover a broad range of activities, from reducing carbon emissions, reducing unnecessary waste and ethical labour practices to community engagement and transparent governance. While CSR is often associated with large multinational corporations, its principles are just as relevant – and increasingly expected – in small businesses, including financial advice businesses.
Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May 2025 deadline. View the CPD FAQs for more on accessing the CPD quizzes.
