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),...
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...

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