On August 1, 2018, the Office of National Drug and Money Laundering Control Policy (ONDCP) announced the outcome of the Caribbean Financial Action Task Force (CFATF) Mutual Evaluation Report (MER)...
The Financial Action Task Force (FATF) has drawn attention to the need for greater regulatory scrutiny of payment processing, cash transfer and virtual currency companies, after finding some have...
On July 26, 2018, the Financial Action Task Force (FATF) published a report covering the threats posed by professional money launderers (PMLs), who are individuals or entities specialised in...
The Financial Action Task Force (FATF) announced on Wednesday that Sweden is no longer subject to enhanced supervision, following the country’s tightening of its financial crime regime in a bill...
On July 25, 2018, the Financial Action Task Force (FATF) released a report measuring and assessing Sweden’s progress in strengthening its framework to tackle money laundering and terrorist...
The German Financial Intelligence Unit is getting a boost in staffing and resources after a botched transfer in responsibility left it snowed under tens of thousands of unresolved reports and...
A study from a major group of financial crime agencies has highlighted the extent to which traditional money transfer methods and modern innovations in online retail banking are being used together...
Financial crime experts have called on the United States to use its presidency of the Financial Action Task Force (FATF) to bring measures countering the financing of weapons proliferation up to...
Experts have called for more transparency around the reasons for declined payments to reduce the compliance friction driving de-risking of both smaller banks and new fintech companies.
Firms must continue applying enhanced due diligence to transactions linked to Iran, after the Financial Action Task Force (FATF) warned that the country’s financial crime framework is still in ...
The UK should implement new European legislation on virtual currencies as soon as possible and regardless of Brexit, industry figures told the Commons Treasury Committee on Wednesday.
Swiss legislators, feeling the heat from international watchdogs, have committed to bringing anti-money laundering (AML) standards up to scratch — but some observers claim that industry is already...
On June 1, 2018, the Swiss Federal Council launched a public consultation seeking feedback on amendments to the Anti-Money Laundering Act (AMLA). The amendments reflect the latest recommendations...
European payments firms may soon find themselves having to make a hard choice when it comes to dealings with Iran, as conflicting approaches from either side of the Atlantic come to a head.
Despite a raft of urgent EU regulatory reforms aimed at tackling terrorist financing, officials remain concerned about a lack of visible progress at member state level — with cash, prepaid cards...
On April 30, 2018, the Financial Action Task Force (FATF) released a mutual evaluation report (MER) on Ghana regarding the country's anti-money laundering and counter-terrorism financing (AML/CTF)...

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