The report on Open Finance outlines a framework to allow consumers
and companies to access and share their financial data with
third-party providers, provided there is explicit and informed
customer consent.
The benefits documented in the report creates some risks, the paper
addresses these risks by making recommendations.
Comments on the Consult paper are due on 31 January 2021
From the FATF...
The FATF presented a media statement on the
jurisdictions under increased monitoring .
The statement is in respect of jurisdictions mentioned in the statement to
take into account when determining the factors relating to any of
those jurisdictions that may be indicative of money laundering and
terrorist financing risks.
The list of jurisdictions was updated in October, namely Botswana,
Albania, The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica,
Mauritius, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda,
Yemen and Zimbabwe.
