On May 21, 2019, the National Bank of Romania (NBR) published a consultation on draft regulations on preventing and combating money laundering and terrorism financing....
India has confirmed that non-banks will be able to use the national identity database Aadhaar for their know your customer (KYC) requirements, ticking one goal off a list before an even more...
On May 17, 2019, the State Bank of Vietnam (SBV) made an announcement that it approves the Report on the National Risk Assessment (NRA) of Money Laundering and Terrorist Financing for the 2012-2017...
UK lawmakers have suggested that the Financial Conduct Authority (FCA) could play a greater role in sanctions implementation, as legislators bring greater pressure to introduce a Magnitsky-style...
On May 17, 2019, the Payments Council of India (PCI) welcomed the circular issued by the Ministry of Finance on how reporting entitites other than banks can now authenticate a client's Aadhaar...
A gang of international cybercriminals that used a network of malware-infected computers and money mule accounts to attempt the theft of $100m from thousands of victims has been indicted by a U.S....
On February 13, 2019, the Financial Services Authority (FSA) in the Isle of Man released a consultation paper which sets out proposed changes to the national anti-money laundering and counter...
On May 13, 2019, the Financial Markets Authority (FMA), following its risk assessment report published earlier this year, issued formal warnings to ten reporting entities under Section 80 of the...
On May 14, 2019, the National Crime Agency (NCA) published the national strategic assessment of serious and organised crime, which provides an overview of the serious and organised crime present in...
On May 14, 2019, Regulation 2019/758 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council with regard to regulatory technical standards (RTS) for the minimum action...
In the wake of a landmark enforcement action against a peer-to-peer Bitcoin exchange, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued new guidance clarifying...
On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN) published interpretive guidance reminding persons subject to the Bank Secrecy Act (BSA) how its regulations relating to money...
Denmark’s financial regulator has chastised institutions under its purview for failing to grasp money laundering and terrorist financing risks after its inspections of companies revealed common...
The UK’s business register is coming under scrutiny for its role in enabling money laundering, with a consultation being launched on its overhaul as the government acknowledges the need for reform.
On May 9, 2019, the Danish Financial Supervisory Authority (FSA) published its observations following inspections carried out at financial companies in relation to processes for preventing money...
A Spanish money laundering cartel that used virtual currency exchanges to obscure the origins of illicit funds has been busted, Europol announced on Wednesday. The action marks the latest strike...

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