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...
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of...
The UK government has put the overhaul of the country’s payment architecture on the front line of the fight against economic crime as it announces an array of new measures to combat illicit finance.
On July 3, 2019, the Council of Ministers introduced before parliament a bill including amendments and additions to the Law on Measures against Money Laundering. This law was adopted in March 2018...
This report provides an overview of payment methods in the gambling industry, with information on the preferred methods of payment by players in the UK. The report details regulatory aspects, such...
Both gambling operators and payment institutions are required to adhere to the licensing regimes within the country. This Q&A provides key information on the applicable gambling and payments...
The Dutch government has laid out an ambitious programme of reform for its anti-money laundering efforts, with recent high-profile failures nipping at the country’s heels ahead of a major review of...

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