AML Information Sharing A cornerstone of an effective AML/CFT framework, information sharing between financial institutions is an ongoing compliance priority for regulators and financial institutions around the world. CFT/AML Information sharing is a key recommendation of the Financial Action Task […]
Transaction monitoring is challenging. Suspicious activity for one customer is normal business for another. Typologies change constantly, false positives dominate compliance teams’ workflow, and the risk of missing something looms large. Commercial pressures around expansion and rapid growth are at […]
Managing GDPR AML Challenges With new regulations in effect, financial institutions in the EU and beyond must manage their GDPR AML compliance obligations in a new data protection regime. What is GDPR? The General Data Protection Regulation (GDPR) was implemented […]
Is cryptocurrency legal in Luxembourg? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the CSSF There are no specific Luxembourg cryptocurrency regulations but the government’s legislative attitude towards cryptocurrencies is generally progressive. Finance Minister Pierre Gramegna has commented […]
Is Cryptocurrency Legal in Gibraltar? Cryptocurrencies: Not considered legal tender Cryptocurrency exchanges: Legal, must register with the GFSC Gibraltar is a global leader in cryptocurrency regulation: while cryptocurrency is not considered legal tender in the country, cryptocurrency exchanges are legal […]
Is Cryptocurrency Legal in Malta? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, regulated under the VFA Act Malta has taken a very progressive approach to cryptocurrencies, positioning itself as a global leader in crypto regulation. While cryptocurrencies are not legal […]
Is Cryptocurrency Legal in Estonia? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the Financial Intelligence Unit (supervised by Financial Supervisory Authority). Estonia cryptocurrency regulations are open and innovative, especially in comparison to other EU member-states. Although not […]
As the largest trading market for cryptocurrency in the world, Asia has also one of its most diverse regulatory environments. Crypto regulations in Asia fall across a spectrum: while many territories have paved the way for the adoption of cryptocurrencies, […]
What Is The United States Department Of Justice? The United States Department of Justice is the federal government agency responsible for enforcing laws and administering justice across the United States. The DOJ’s purpose is to protect the public from foreign […]
What is the FCA? Simply put, the Financial Conduct Authority (FCA) is an independent, non-governmental body that is responsible for regulating the UK’s financial services industry. Read on for further information on ‘what is the FCA’, to discover what they […]
What is The OCC – Office of The Comptroller of the Currency? An independent bureau of the US Treasury, the Office of the Comptroller of the Currency (OCC) is a regulatory organization which oversees the federal banking system of the […]
What is the NYSDFS? The New York State Department of Financial Services (NYSDFS) is the governmental body responsible for regulating all financial services and products in the state of New York. As a state-level regulatory office, the NYSDFS has a […]
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