As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there is still a gap between authorities’ strong words on financial crime and the steps taken to...
On April 3, 2019, the bill amending the Business Register Act (Handelsregisterwet), the Law for the Prevention of Money Laundering and Terrorist Financing (Wet ter voorkoming van witwassen en...
On October 9, 2019, the Financial Supervisory Authority (Finansinspektionen) published proposed amendments to the regulations (FFFS 2017:11) on measures against money laundering and terrorist...
On March 22, 2019, the Ministry of Economy and Finance released a consultation on the draft legislative decree containing the necessary provisions to transpose the 5th Anti-Money Laundering...
Estonia’s minister of finance has said the country must bolster efforts against financial crime or risk falling onto a dreaded global blacklist of high-risk countries, ahead of an inspection by...
On September 26, 2019, the Ministry of Finance and the Ministry of Justice and Security published a consultation on the implementation decision on amendments to the 4th Anti-Money Laundering...
Comprehensive international standards may be the most straightforward way for virtual currency operators to adhere to the most recent set of demands from the Financial Action Task Force (FATF),...
The European Commission will prioritise making future anti-money laundering rules directly applicable in all member states, after widespread failures at national level to introduce reforms fully...
On September 18, 2019, the Lithuanian parliament (Seimas) published amendments to the Money Laundering and Terrorist Financing Prevention Law VIII-275, modifying Articles 2, 4, 5, 7, 8, 9, 10, 11,...
Fintech, cryptocurrencies and protection against US sanctions were placed at the heart of the financial services agenda of new European Commission chief Ursula von der Leyen yesterday as she...
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems that are widely used to conduct transaction monitoring.
Latvian officials are hoping that a year of legislative hard work will pay off as the Baltic state faces a MONEYVAL review of its efforts to combat financial crime in the country.
On December 11, 2018, the Ministry of Finance and the Ministry of Justice and Security published a consultation paper on the draft bill that makes amendments to the 4th Anti-Money Laundering...
On May 24, 2019, the Federal Ministry of Finance in Germany announced the launch of a consultation seeking feedback in relation to a draft law aiming to transpose the provisions of the 5th Anti...
On August 8, 2019, Draft Law 7467/00 transposing certain provisions of the 5th Anti-Money Laundering Directive (5th AMLD) was presented to the Chamber of Deputies, the unicameral national...
Germany’s transposition of European financial crime laws looks set to upset the crypto sector, with a draft bill aiming to put a hard line between virtual currency firms and other financial...

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