Real estate agents told to file Suspicious Transaction Reports
Top Story
February 16, 2021
ISLAMABAD: The bid to comply with the FATF requirements for binding real estate agents, property dealers, jewelers, brokers, housing authorities and developers for generating Suspicious Transaction Reports (STRs) has spread panic among millions of owners of these businesses across the country.
Now the Federal Board of Revenue (FBR) has sent out notices to over 22,000 registered property dealers across Pakistan, directing them to get registered on the website of the Designated Non-Financial Businesses and Professions (DNFBPs) in order to kick-start complying with the Financial Action Task Force (FATF) requirements.
Singapore: Digital Tokens Have Medium-Low Risk When it Comes to Terrorism Financing
December 30, 2020 @ 11:56 am By JD Alois
The government of Singapore has published a document covering the risk of terrorism financing (TF) and financial services. The report was compiled by a consortium of agencies including the Monetary Authority of Singapore, Ministry of Home Affairs, and the Ministry of Finance.
To quote the document:
“Terrorist groups that posed the most significant terrorism threat to Singapore and the region were identified, and the primary ways these groups were financed were examined. The TF threats posed to the different sectors were outlined, substantiated by information from investigations and financial intelligence including Suspicious Transaction Reports (STRs), Requests for Assistance (RFAs), Mutual Legal Assistance (MLA) requests, and supported through participation in regional CFT projects and surveillance of regional and international typologies … Regulators/