Hungary, Italy and Luxembourg have once again been ranked as the EU’s worst member states for financial crime in a global index that scores countries based on the effectiveness of their anti-money...
As much as a tenth of all newly issued virtual currency is already in the hands of criminals, researchers believe, as a proliferation of initial coin offerings (ICOs) continues to create risks for...
On August 16, 2017, the Basel Institute on Governance published the Basel AML Index 2017 report....
UK payment providers are fighting for survival as high street banks continue to block their access to the financial system, with incoming regulatory reforms offering scant comfort in the short...
A bill to bring the 4th Anti-Money Laundering Directive (4th AMLD) into Maltese law is now on the books, after a reprimand from the European Commission for missing the initial deadline.
HM Treasury has published a consultation on the anti-money laundering supervisory regime as a response to the consultation and call for further information in March 2017, which informed on the...
Australia has proposed to reform its anti-money laundering laws, bringing new requirements to the virtual currency sector while seeking to lessen the burden for other firms.
On August 17, 2017 the Australian government announced its first step to reform and improve the Anti-Money Laundering and Counter-Terrorism Financing Act and increase the powers of the Australian...
A former U.S. Secret Service agent has pleaded guilty to money laundering, after being accused of stealing government-held Bitcoin seized from a dark web marketplace.
Payment providers will be expected to take a tougher approach to simplified due diligence as a result of recent anti-money laundering reforms, legal experts have warned.
On August 9, 2017 the European Commission published an inception impact assessment on broadening law enforcement access to centralised bank account registries. The aim of the inception impact...
On August 10, 2017 the government of the Russian Federation issued Government Resolution No. 913 of July 31, 2017 regulating the process of cooperation between authorities on beneficial ownership...
The money laundering scandal engulfing Australia’s largest bank could have a knock-on effect in other countries, experts have warned, as speculation grows over how authorities will respond.
UK financial innovators have praised regulators’ attempts to support emerging technology, but said there is “a large amount more” to be done in terms of consistency, guidance and even new laws.
The Isle of Man government has published details of its new financial crime strategy, part of efforts by the island to burnish its financial image in the shadow of the Panama Papers scandal.
The Financial Conduct Authority (FCA) commissioned PA Consulting Group (PA) to survey and report on emerging technologies with the aim of detecting and preventing money laundering. The report...

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