According to a report in Regulation Asia, a senior official at the Monetary Authority of Singapore (MAS) has recently spoken about the value being gained by businesses deploying new technologies to meet their Anti-Money Laundering and Countering the Financing of […]
As money laundering and terror financing methodologies keep pace with advances in technology, financial institutions must work harder to ensure they are aligned with their regulatory environments and are able to stop criminals misusing their services. The increasingly complex data […]
The deadline for the private sector to implement the 6th Money Laundering Directive (6AMLD) is looming. Financial institutions and companies that must comply with the regulations are expected to comply with requirements by 3 June 2021. While the European Commission […]
FATF’s latest guidance was a reminder to the VA, VASP, Ce/DeFi, and crypto communities that AML/CFT, KYC, TM, and payment transparency (aka “The Travel Rule”) are just as applicable to them as they are to traditional compliance professionals (TCPs). But […]
Human Rights Laws & Sanctions In Australia Australia’s human rights framework is built on common law and on its constitution which sets out certain universal rights for individuals within Australia and around the world. Human rights legislation in the country […]
A comprehensive guide to the US Anti-Money Laundering Act (AMLA), the most significant AML legislation passed by Congress in decades.
Teachable Moments: Transforming Mistakes into Lessons for Compliance Professionals Recent arrests, fines, and regulatory censors suggest there is still a lot that the crypto and compliance communities can learn from one another. Regardless of the root cause or source of […]
5AMLD Implementation Remains Patchy The EU’s 5th Money Laundering Directive (5AMLD) was scheduled for translation into national law by 10 January 2020. Just over a year later, and after another update to the EU money laundering directive under the 6MLD, […]
The US Foreign Corrupt Practices Act (FCPA) is a federal law intended to prevent US citizens from bribing the government officials of foreign countries. The FCPA was enacted by Congress in 1977 in response to revelations by the Securities and […]
The Bureau of Industry and Security (BIS) list, also known as the ‘BIS Entity List’, sets out the specific foreign persons (including businesses, research institutions, government organizations, and other legal entities) that are subject to US government licensing and sanctions […]
US Challenger Banks Compliance In a changing financial landscape, challenger banks are disrupting the space occupied by traditional banks and financial institutions by offering an array of innovative digital services delivered online. In the United States, recent uptake of challenger […]
In recent years, the rate at which new European Union (EU) Anti-Money Laundering Directives (AMLDs) have emerged has increased significantly. This is in response to a number of influences on the regulatory environment, including innovation in the financial sector, the […]
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