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 […]
The UN Panel of Experts on North Korean sanctions is renewed; FATF issues new draft guidance on Virtual Assets; and the US crypto sector fears a government ‘crackdown’ despite growing signs of mainstreaming. We share our financial crime regulatory highlights […]
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 […]
As a gateway to China, Hong Kong is an important financial destination for businesses across APAC and the world, including numerous fintech service providers dealing in virtual assets such as cryptocurrency. Hong Kong’s regional and global status also makes it […]
Cyber Crime in North Korea: What You Need to Know An isolated and heavily restricted totalitarian state, North Korea engages in a range of cyber activities that violate international law, including conducting illegal cyber operations around the world. Ongoing international […]
The Philippines expands its AML/CFT laws, the US calls for input on new UBO requirements and the UK focuses on regulating stablecoins. We share our financial crime regulatory highlights from the week of 5 April 2021. The Philippines Expands Scope […]
In the United States, geographic locations that present a particularly high risk of money laundering and financial crime may be designated High Risk Money Laundering and Related Financial Crime Areas, also referred to as High Intensity Financial Crime Areas (HIFCA). […]
Transaction Monitoring For Challenger Banks Representing a disruptive presence on the traditional financial landscape, challenger banks compete with traditional ‘high street’ banking institutions by offering a diverse range of services to their customers, often delivered online with a focus on […]
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, […]
In recent months we have undergone a significant undertaking to revise our Adverse Media categorization. We have upgraded from 7 standard categories to 14 precise FATF-aligned categories. This is designed to enable our users to spot risks more effectively and […]
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 United States 2020 elections were record-breaking for a multitude of reasons. They were the first full US elections to take place during a pandemic and due to mail-in voting, turnout surpassed the previous presidential election before in-person voting began. […]
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