UK authorities will step up enforcement action against senior executives if financial crime controls are not sufficient, legal experts believe, as the country inches closer to transposing new EU laws.
Irish authorities are promising tougher enforcement of anti-money laundering (AML) laws, after a spate of enforcement actions and a period of legislative upheaval.
A senior European Commission official has said that EU plans to tighten controls on cash and prepaid cards should not come at the expense of technological innovation.
The Financial Conduct Authority (FCA) has launched additional consultations on its implementation of EU financial crime laws, although insists it will not miss the June deadline.
As the deadline for implementation of the 4th Anti-Money Laundering Directive (4th AMLD) draws closer, the likelihood of Portugal achieving full transposition in time seems distant, causing...
The European financial authorities have outlined how EU institutions should apply anti-money laundering (AML) policies and procedures to branches located in countries outside the bloc when a third...
The Isle of Man is looking to beef up its approach to anti-money laundering (AML) and financial crime, as its notable financial sector looks to heal wounds inflicted by the Panama Papers scandal.
Termination of corresponding banking relationships will not be enough to satisfy UK regulators once current anti-money laundering reforms are complete, legal experts have said.
Germany has pushed forward with controversial strict controls on e-money and prepaid instruments as it transposes EU anti-money laundering reforms into national legislation.
The G7 group of world powers has issued a report outlining best practice in the remittance sector, scrutinising the different methods of oversight and prosecution undertaken by member states.
Italy is on the brink of transposing the 4th Anti-Money Laundering Directive into national law, as it clamps down on agents operating in the country without a branch.
Counter-terrorism experts are pressing EU parliamentarians on whether current policies, such as tightening thresholds on electronic payments, are doing enough to combat violent extremist activity.
EU parliamentarians have again rejected attempts by the European Commission to tweak its anti-money laundering blacklist of high-risk countries, calling instead for wider-ranging reforms.
European gambling groups have hit out at the Norwegian regulator for its attempts to block payments involving offshore gambling sites, alleging it is in breach of single market legislation.
Industry insiders are warning that uncertainty over the direction of EU financial crime reforms could leave payments firms facing an uphill struggle to meet future changes.
A global watchdog has commended Sweden as having a “strong regime” to tackle financial crime, although identified a fragmented understanding among its regulators of the risks associated with the...
Payments firms are concerned that anti-money laundering reforms will give EU member states too much freedom around central contact points, risking fragmentation across the single market.
The UK government has opened public consultations on how it will apply, maintain and review sanctions regimes once the country has left the European Union.
The UK has admitted question marks remain over the cost and effectiveness of its financial crime legislation, although industry experts have cast doubt on claims that compliance is getting easier...
Authorities must improve their supervision of banks’ approach to anti-money laundering (AML) rules or face the collapse of remittance channels due to de-risking, a report claims.