New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis...
The Ministry of Economy and Business has published Royal Decree 736/2019, of December 20, on the legal regime of payment services and payment entities, which modifies Royal Decree 778/2012, of May...
The UK Financial Intelligence Unit (UKFIU) has published its 2019 annual report on suspicious activity reports (SARs), as well as the third edition of its "SARs In Action" publication addressed to...
The 6th Anti-Money Laundering Directive (6th AMLD) entered into force on December 2, 2018 and member states must have implemented it by December 3, 2020. The directive introduces a means of quicker...
On July 3, 2018, the Romanian Ministry of Public Finance launched a public consultation on a draft emergency ordinance on the issuance of electronic money (e-money). Pursuant to that, on July 4,...
The Bank of Mexico has launched a new way to pay in Mexico called CoDi (Digital Collection in Spanish), which became fully operational on September 30, 2019. The platform is the result of joint...
On October 26, 2019, the decree law of October 26, 2019 on urgent provisions on tax matters (decreto legge 26 ottobre 2019, no. 124. Disposizioni urgenti in materia fiscale e per esigenze...
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 October 23, 2019, the Financial Services Agency (FSA) published a report titled the "Current Situation and Issues of Money Laundering and Terrorist Financing Measures in Japan". The report...
The Ministry of Finance and Development is consulting on a bill which will be implementing into Polish legal provisions the 4th Anti-Money Laundering Directive, as well as the recommendations of...
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation. ...
On October 14, 2019, the Exchange Policy Department of the State Bank of Pakistan (SBP) published a framework document for authorised dealers on managing risks of trade-based money laundering and...
On October 14, 2019, the Financial Intelligence Analysis Unit (FIAU) released a consultation paper on proposed amendments to the Prevention of Money Laundering and Funding of Terrorism Regulations ...
On October 11, 2019, Californian attorney general Xavier Becerra released proposed regulations under the California Consumer Privacy Act (CCPA), providing consumers with new rights on the use of...
On August 2, 2019, the Treasury Select Committee released the 35th report of session 2017-19 titled “The work of the Financial Conduct Authority: the perimeter of regulation”, which contains...
On October 9, 2019, the government approved the bill amending Act No. 297/2008 Coll. on protection against money laundering and financing of terrorism as well as amendments of certain acts. The...

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