UK authorities will soon be issuing their response to the recent evaluation of the country by the Financial Action Task Force (FATF), with a strategic plan coming in the summer and an imminent...
On March 14, 2019, the Financial Action Task Force (FATF), ahead of the fourth round of its anti-money laundering and counter-terrorism financing (AML/CTF) mutual evaluations, published a report on...
EU member states on Thursday unanimously rejected a proposed list of countries with poor anti-money laundering (AML) and counter-terrorist financing (CTF) controls, sending the European Commission...
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.
The European commissioner in charge of a controversial dirty money blacklist that triggered a member state mutiny against Brussels launched a staunch defence of the list in front of supportive...
A mutiny by member states appears likely to shoot down the inclusion of Saudi Arabia in the European Commission’s draft list of jurisdictions with lacklustre anti-money laundering controls, and...
The world’s foremost standards-setting body on countering illicit finance has urged countries to bring virtual currency regulation up to the standard of that for traditional currency as it...
On February 22, 2019, the Financial Action Task Force (FATF) released a public consultation in relation to its Interpretive Note for Recommendation 15, recognising the need for the implementation...
On February 21, 2019, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published the second enhanced follow-up report and...
The UK government has been urged to furnish the country’s financial intelligence unit with dozens more staff and modernise its IT infrastructure to rectify shortcomings in its fight against...
A fresh diplomatic row erupted between Washington and Brussels on Wednesday after the European Commission included four US territories in its beefed-up blacklist of third countries with poor anti...
On February 11, 2019, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) published the fifth round mutual evaluation report (MER)...
Lithuania’s supervision of the e-money sector has come under fire following a major international review, but the country is already being pressured from within the industry to reverse its proposed...
France, Germany and the UK have joined forces to launch a special purpose vehicle facilitating trade between Europe and Iran, a move to continue the EU’s programme of sanctions relief in the face...
Brazil’s central bank has caused uproar by proposing to drop relatives and close associates from the definition of “politically exposed persons” under the country’s anti-money laundering rules.
New research into cryptocurrency and financial crime has uncovered a sophisticated and widespread way of evading anti-money laundering (AML) rules, through a practice known as “crypto-dusting”.

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