The Financial Stability Board (FSB) has warned of the potential for divergence in international regulation on crypto-assets as the G20 prepares to assess issues ranging from money laundering to...
On May 31, 2019, the Lithuanian parliament (Seimas) passed the draft Republic of Lithuania Cash Flow and Terrorist Financing Prevention Law VIII-275 Articles 2, 4, 7, 9, 10, 11, 19, 20, 25,...
On June 20, 2019, Presidential Decree No. 67343 ΕΞ 2019 was published in the official gazette providing clarifications on issued relating the Real Beneficial Owners Register that will begin...
On May 6, 2019, the Estonian government introduced a bill on amendments to the Money Laundering and Terrorist Financial Prevention Act and the State Fees Act (8 SE), in line with the provisions of...
A two-speed approach to arrest the decline in correspondent banking relationships is emerging, an influential monitoring group warned on Wednesday, with some jurisdictions making leaps in...
Estonia’s financial regulator has revoked the operating licence held by payment institution GFC Good Finance Company, following a string of breaches of financial crime and payment services laws.
On May 28, 2019, Fintech Finland launched a consultation on the Financial Supervisory Authority's draft Regulations and Guidelines for Virtual Currency Providers (4/2019)....
The UK's sanctions watchdog has hit prepaid card provider Travelex with enforcement action over a £204 transaction, as authorities continue to focus on tackling easily investigated cases.
Sweden has taken action to close a long-standing loophole in its anti-money laundering (AML) regime by bringing branches of foreign credit institutions operating in the country into the remit of...
Banks and other financial institutions are failing to grapple with the complex task of ensuring business with the commodities shipping sector does not lure them into the rocky shores of non...
Berlin-based challenger bank N26 has found itself in more regulatory hot water after German regulator BaFin ordered it to tighten up its anti-money laundering controls following a number of recent...
Authorities in the Vatican have given a rare glimpse into the finances and money laundering controls at the Holy See’s bank, one of the world’s most secretive financial institutions.
In a first-of-its-kind strike against money laundering using cryptocurrency, law enforcement agencies have taken down a major mixing service that helped disguise the origin of funds worth millions...
On May 23, 2019, Law No. 2019-486 of May 22, 2019 on the Growth and Transformation of Enterprise (loi PACTE) was published in the official gazette. This law aims to empower businesses to innovate,...
On May 22, 2019, the Financial Supervisory Authority (Finansinspektionen – FI) announced that it intends to abide by and implement the European supervisory authorities’ (ESAs) common guidelines on...
Amid continued efforts to combat money laundering in the United States, officials are keeping their crosshairs on the use of shell companies to facilitate financial crimes and urging stricter...

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