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AML Roundup: Basel AML Index shows risks are rising – SEC collects almost $5bn in fines – 48 countries sign up to CARF crypto tax reporting – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, the Basel AML Index is reporting an increase in the global money laundering/terrorist financing risk level, citing concerns in the effectiveness of systems designed to fight organised crime and corruption. The EU Commission has published… Read More

AML Roundup: FCA wants better anti-fraud systems – EU reaches deal on digital identity and wallet – New UK stablecoin regulations published – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, the FCA is demanding banks do more to stop authorised push payment fraud and that they treat victims better. There’s an interesting article on how to submit a high-quality Suspicious Activity Report (SAR) and in… Read More

AML Roundup: FATF updates black and grey lists – Economic Crime and Corporate Transparency Act becomes law – UK to publish crypto regulations – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, the FATF has updated its black and grey lists highlighting countries of concern over their AML practices. There’s an increasing focus on AML regulation in the legal and accounting industries with RUSI publishing their AML… Read More

AML Roundup: FATF removes Switzerland from enhanced AML scrutiny regime – SRA proposes to be sole AML supervisor for UK Legal Sector – Germany’s proposed fresh strategy to combat money laundering – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, FATF announces the removal of Switzerland from its enhanced AML scrutiny regime, Germany proposes a fresh strategy to combat money laundering and the SRA proposes to be the sole AML supervisor for the UK Legal… Read More

AML Roundup: Clearer rules on the European Commission’s AML package proposal – just one in three law firms are compliant with the AML regime – sanctions against the Palestinian militant organisation’s financial network and Hamas members – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, there is a call for clearer rules on the European Commission’s AML package proposal. The RBI (Reserve Bank of India) has revised it’s KYC guidelines and a report from the Solicitors Regulation Authority show that… Read More

AML Roundup: New FinCEN director outlines priorities – Companies House data reforms – FCA’s crypto marketing rules come into force – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, the newly appointed director of the US regulator FinCEN speaks about the priorities for the organisation. Kenya takes on leadership of the regional AML body for East Africa and the former central bank governor of… Read More

AML Roundup: AAT publishes AML annual report – EBA details work programme for 2024 – Fraud and money laundering trial of ex-FTX CEO begins in New York – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, the accountancy supervisory body the AAT, publishes its annual report on money laundering. Several regulatory bodies have made their voices heard as part of HM Treasury’s consultation call for AML regulation in the accountancy and… Read More

AML Roundup: Protecting against the illegal trade in wildlife – FCA push for greater inclusion and diversity – Crypto industry descends on Washington DC – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, a new report highlights the AML protections needed to combat the illegal trade in wildlife. There’s news on the FATFs latest report on Luxembourg and how Jersey is currently being visited by AML assessors from… Read More

AML Roundup: Lessons to learn for MLROs – Germany pushes for global crypto regulation – Swedish government propose increase in gambling tax – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, we have an interesting article on the lessons MLROs should take from the FCA’s recent fine of an MLRO. The fallout from the Singapore money laundering scandal continues as the total value of assets seized… Read More

AML Roundup: Europol publishes first financial crime report – Preparing for the US Corporate Transparency Act – G20 ratifies IMF/FSB crypto regulatory approach – Money Laundering, Fraud, Corruption, & Bribery – Regulation, Legislation and Sustainability – Gaming and Gambling – Crypto & Virtual Assets – Sanctions

Welcome to this week’s AML Roundup. In our anti-money laundering news this week, Europol issues its first ever financial crime report. It goes into detail about the scale and extent of how criminals are using financial crime within the EU. There’s also a useful summary of international corruption… Read More

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