The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
The European Commission has thrown its weight behind a move to make EU anti-money laundering (AML) regulation directly applicable in member state law as it lashed member states for fumbling...
From September, European firms will need to tread even more carefully around their operations in third countries when it comes to anti-money laundering (AML) — but idiosyncratic data protection...
Firms in Malta continue to under-report suspect transactions, the country’s financial investigators have said, despite a doubling in the number of suspicious transaction reports received over the...
UK e-money firms have raised “serious concerns” about incoming restrictions on anonymous prepaid cards issued outside the EU, warning the government over the compliance burden that will fall on the...
The EU’s top payments regulator has stepped into a row between member states over supervision of firms passporting across national borders, taking a relatively tough stance on the controversial...
The UK has opened consultations on its approach to EU-wide anti-money laundering reforms, restating its plans to regulate a wider range of crypto-asset activities and tighten controls on e-money...
There were no prosecutions under the UK’s Money Laundering Regulations for more than a year after the transposition of recent European legislation, government statistics reveal.
Authorities in Lithuania have established a specialist division to oversee e-money and payments businesses and introduced spruced-up reporting requirements following a bruising review of its money...
The European Commission has issued a formal warning to Germany over its implementation of vital anti-money laundering (AML) rules, with nine other EU member states also on the receiving end of...
Financial crime experts have told a European Parliament committee that Cyprus’ financial sector remains overly reliant on illicit funds with links to Russia, despite efforts from authorities to...
Industry groups and legal experts have urged Dutch officials to revisit draft anti-money laundering reforms, arguing the burden on virtual currency firms is too heavy — and may inadvertently apply...
The UK government has reiterated that card payments and euro transfers could become more expensive if the country leaves the EU without a deal in March, as authorities step up emergency...
Financial institutions in Ireland face an onslaught of regulatory reforms to the country’s anti-money laundering and counter-terrorist financing framework as the government seeks to make amends for...
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
The Netherlands has laid out the impact that new European anti-money laundering legislation will have on virtual currency exchanges, predicting that the new requirements will cost hundreds of...
Financial institutions in Poland are caught between European data protection laws and national on-boarding requirements, forcing some into onerous work-arounds to avoid the risk.
European national authorities are being urged to introduce the 5th Anti-Money Laundering Directive (5th AMLD) early, as the union looks to harden its response to a recent string of financial crime...
The Danish national regulator was on Wednesday accused of actively aiding Danske Bank as the business struggled to contain revelations about its recent money laundering scandal by the whistleblower...
The European Commission has unveiled a list of “priority one” jurisdictions, including the United States, China and Australia, that will be considered next for inclusion on its blacklist of high...

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