Authorities in Germany have searched the premises of Deutsche Bank in Frankfurt in connection with the Danske Bank money laundering scandal, prosecutors and the company have confirmed.
On September 25, 2019, the French Prudential Supervision and Resolution Authority (ACPR) published a report from the Anti-Money Laundering and Terrorist Financing Policy Board (COLB), which...
Banks and payment institutions are bracing for even more sanctions compliance headaches as the UK government confirms it will introduce its own Magnitsky regime after Brexit.
Australia’s financial crime regulator has ordered global payment services giant PayPal to conduct an audit of its reporting of international money transfers amid concerns the service has been used...
The Ministry for General Government Affairs and Finance has published the approved amendment to Annex 3 of the Due Diligence Ordinance (Law Gazette No. 2019/232). The amendment includes the...
A UK bank has agreed to pay a penalty to the United States' sanctions enforcer despite believing it had structured transactions to avoid coming into contact with the U.S. financial system.
Prosecutors in Denmark have charged Københavns Andelskasse bank with money laundering, just more than a year after it was taken over by the authorities.
On September 23, 2019, the French Prudential Supervision and Resolution Authority (ACPR) released a report from a working group called “Forum Fintech ACPR-AMF”, made up of representatives of...
On September 20, 2019, the Central Bank of the Russian Federation (CBR) launched a consultation on a draft ordinance “on amendments to the CBR Ordinance July 20, 2016 No. 4078-U 'on requirements...
Fintech is at an early stage of adoption in Turkey, but its market is one of the most rapidly expanding in the world. It is estimated that there are currently more than 200 fintechs operating in...
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...
Authorities in Latvia have fined PrivatBank just over €1m ($1.1m) for numerous breaches of anti-money laundering and counter-terrorist financing regulations.
On August 9, 2019, Bank Negara Malaysia (BNM) issued an exposure draft titled “Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Money Services Business (Sector 3) (Supplementary...
On September 18, 2019, the Hong Kong Customs and Excise Department released a circular on new licensing requirements for money service operators (MSOs)....
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,...
The Reserve Bank of India (RBI) has published a discussion paper on guidelines for payment gateways and payment aggregators, which takes a look at the activities of payment gateways and payment...

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