EN
DE
FR
Moves by the Financial Action Task Force (FATF) to prevent the concealment of company information have been frustrated by a lack of effective action from countries across the globe, the body has said. In a statement responding to the release of […]
Regulation
Banks offering digital-first services are redefining how consumers worldwide access and interact with their money. This guide explores how digital banks can successfully build and scale an AML program.
“The world is being dredged of its natural resources, with much of what we rely on for our livelihoods at risk from a new threat: environmental crime.” – Interpol, The Rise of Environmental Crime Environmental crime has become widely known as one […]
The Financial Action Task Force (FATF) has updated its guidance for the virtual asset (VA) industry following a public consultation. The 111-page 2021 Guidance for a Risk-Based Approach to Virtual Assets and VASPs (virtual asset service providers) has been much-anticipated by regulatory […]
The European Union’s 6th Anti-Money Laundering Directive (6AMLD) brought about four key changes that member states had to introduce into local legislation by June 3rd 2021. Broadly categorized under the themes of liability, punishment, cooperation and jurisdiction, these changes have implications for […]
The US Office of Foreign Assets Control (OFAC) has launched a new set of guidelines for financial sector compliance teams: Sanctions Compliance Guidance for the Virtual Currency Industry. The guidance follows a recent report by the US Treasury Department’s Financial […]
Following our recent report on financial crime trends, for this webinar ComplyAdvantage has brought together experts from across the fintech and regtech industry to discuss all the latest compliance trends.
Understanding where customers have obtained the money that they are using to carry out transactions and make investments is an important part of the Know Your Customer (KYC) process and integral to AML/CFT compliance. As money launderers use increasingly sophisticated […]
In 2021 the Bank for International Settlements (BIS) published a report entitled Supervising cryptoassets for anti-money laundering, which has important implications for those working in the crypto space. The BIS promotes international cooperation amongst central banks, and its 63 members account […]
The Monetary Authority of Singapore (MAS) is taking a major step in its ongoing battle against money laundering and the financing of criminal activity with the launch of a groundbreaking digital platform that will enable banks to share information on […]
Australian banks and fintechs are backing the closure of major loopholes in the country’s anti-money laundering legislation and have warned that gaps in the current framework impact the country’s international reputation. The Australian Banking Association, the Reserve Bank of Australia, […]
New regulatory guidelines from Hong Kong’s Securities and Futures Commission (SFC) take effect from the end of September, aimed at closer alignment with FATF proposals. The guidelines follow consultations on proposed changes to Hong Kong’s AML/CFT advice, which were “largely […]