The EU’s top financial supervisors have urged member states to boost their supervision and understanding of payment and e-money institutions in light of the sectors’ persistent vulnerability to...
Criminals are fine-tuning their response to closer regulatory scrutiny of cryptocurrency exchanges by turning to alternative methods to cover their tracks and launder funds anonymously, a...
Cross-border investigations triggered by suspicious transaction reports from European financial institutions could be crippled by advice that the system used to share the filings is illegal.
On October 3, 2019, the French Prudential Regulatory Authority (ACPR) published a report on the anti-money laundering/counter-terrorism financing (AML/CTF) system of actors of transmission of funds...
Pakistan authorities have come under heavy criticism for poor oversight and enforcement within the country's lucrative remittance sector, after a new review of financial crime controls tipped it...
The head of Europe’s apex banking association has called for a “radically new approach” to reporting money laundering as the EU wrestles with how to unify anti-money laundering (AML) policies...
On October 2, 2019, the Asia/Pacific Group on Money Laundering (APG) published a mutual evaluation report on Pakistan. The report provides an analysis of the anti-money laundering/counter-terrorism...
Further legislative and regulatory action is needed to clear the lingering haze around the banking issue facing the U.S.’ legalized cannabis industry, despite the recent passage of a landmark bill...
Financial institutions headquartered in Europe but operating elsewhere face “significant” consequences if they do not identify conflicts between EU laws on anti-money laundering (AML) and those in...
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...
French regulators have handed a €1m fine to e-money firm Prepaid Financial Services after an on-site inspection uncovered several failings in its anti-money laundering controls.
The Danish Financial Supervisory Authority (FSA) has launched a consultation on a draft order on reporting and publication of information on domestic politically exposed persons (PEPs). ...
U.S. regulators have been urged to provide better feedback to financial institutions on suspicious activity reports, with current arrangements facing criticism for being too informal and small-scale.
Some of the world’s biggest banks are in talks with SWIFT about creating a shared platform for conducting sanctions screening.
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),...

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