News In Brief - July 16-July 17, 2020
Private bank has been fined nearly €1m in Latvia for AML breaches, while Ireland and Romania …
UK Government Report Proposes Timeline For Cash Transit Reform
UK regulators are considering whether new rules to protect access to cash are needed as …
Dubai: New Data Protection Law and Regulations
On June 1, 2020, the Vice President and Prime Minister of the United Arab Emirates …
Resolution On Stronger AML Rules Sails Through European Parliament
The European Parliament has overwhelmingly voted in favour of a resolution backing the introduction of …
India Looks To Interchange Fees To Boost Cash Access
India’s central bank should increase ATM interchange fees to reignite stagnant cash machine deployment in …
News In Brief - June 30-July 3, 2020
The European Commission refers three member states to the Court of Justice for failing to …
United States: Overview of Follow-Up Process Following Adoption of FATF Mutual Evaluation Report
The Financial Action Task Force (FATF) published its third enhanced follow-up report and technical compliance …
EU Anti-Money Laundering Overhaul Shapes Up With Parliament Support
European Union lawmakers are set to back the bulk of the European Commission’s plans for …
Devil Is In the Detail of European Commission's AML Ambitions
The European Commission’s plans to overhaul Europe’s anti-money laundering (AML) framework could lead to more effective …