On June 27, 2017 a draft bill was introduced in the State Duma "on ratification of the European Council Convention on laundering, detection, seizure and confiscation of the proceeds from crime and...
On June 28, 2017 the Reserve Bank of New Zealand published a statement of intent for July 1, 2017- June 30, 2020, outlining the bank's strategic priorities for the period....
EU authorities have issued guidelines to national authorities around tackling money laundering and terrorist financing, although legal experts have downplayed the potential impact on the financial...
Alongside the entry into force of the 4th Anti-Money Laundering Directive on June 26, 2017, the European Commission published a report which will support member states in better addressing money...
The joint committee of the three European supervisory authorities (ESAs) — EBA, EIOPA and ESMA — has published its final guidelines on simplified and enhanced customer due diligence and the...
The European Commission has published a supranational risk assessment, a high-level view of financial crime across the EU and the sectors for which it is the greatest threat.
On June 21, 2017, Queen Elizabeth II gave a speech to both Houses of Parliament, which emphasises that the government’s priority is to deliver the best possible deal after Brexit. A bill will be...
HM Treasury has confirmed that the EU’s 4th Anti-Money Laundering Directive (4th AMLD) is now in effect in the UK, after last-gasp reforms made it through parliament late last week.
The clock is ticking for Lithuania to transpose the 4th Anti-Money Laundering Directive (4th AMLD) into national law, with experts cautiously optimistic it will be approved before parliament shuts...
Spain is set to miss the transposition deadline of the 4th Anti-Money Laundering Directive (4th AMLD), although legal experts believe punishment from EU authorities is unlikely.
Denmark strengthens its AML laws; the UK pushes sanctions reforms but scraps fraud overhaul; the European Central Bank moves ahead with establishing a new settlement service for instant payments;...
The Financial Services and the Treasury Bureau has launched a consultation on enhancing the anti-money laundering (AML) regulation of designated non-financial businesses and professions, to ensure...
The Financial Services and the Treasury Bureau has launched a consultation on enhancing the transparency of beneficial ownership of Hong Kong companies, with the aim of strengthening the...
The International Monetary Fund (IMF) has published a discussion note called "Fintech and Financial Services: Initial Considerations", which provides a framework on how fintech might be able to...
Six compliance officers at U.S. remittance firms have been charged with money laundering offenses, accused of knowingly helping transfer $40m to Mexican drug cartels.
The head of the International Monetary Fund (IMF) has told policymakers and standards-setters to ensure emerging fintech businesses are not being exploited by terrorist groups to transfer funds.

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