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...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a public consultation on draft anti-money laundering and counter-terrorism financing (AML/CTF) rules resulting from...
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...
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
On April 12, 2017, Zsolt Semjén, the deputy prime minister, on behalf of the government, submitted to parliament the draft Prevention of Money Laundering and Combating the Financing of Terrorism...
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.
On March 30, 2017, the Portuguese Council of Ministers announced that it has approved four draft laws seeking to ensure the observance of the Financial Action Task Force (FATF) standards and...
On March 3, 2017 the Ministry of Finance launched a public consultation on a draft law for implementation of Directive 2015/849, also known as the 4th Anti-Money Laundering Directive (4th AMLD)....
The UK government announces that it will opt in to amendments to the 4th Anti-Money Laundering Directive; a Florida district court dismisses racketeering charges against a payments processor...
Following the delegation of powers established in Article 118 of Law 2016/731, the French government has issued Ordinance 2016-1635 of December 1, 2016 “Strengthening the French System against the...
On March 21, the Joint Money Laundering Steering Group (JMLSG), which comprises leading UK trade associations in the financial services industry, launched a public consultation on the proposed...
Dutch regulators are set to fortify their implementation of the 4th Anti-Money Laundering Directive (4th AMLD) with extra fines for breaking the rules, despite broad plans for a simple...
On March 1, 2017 the European Parliament (Policy Department on Economic and Scientific Policy for the Committee on Money Laundering, Tax Avoidance and Tax Evasion - PANA) published a report called...

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