FATF's Review of Revised Standards on Virtual Assets and VASPs: Travel Rule
On July 7, 2020, the Financial Action Task Force (FATF) published its “12-Month Review of …
Commission Gets EBA Support For Its AML Plan
The European Banking Authority (EBA) published a response to the European Commission’s anti-money laundering (AML) …
U.S. Federal Agencies Clarify AML, Bank Secrecy Act Enforcement
U.S. federal banking agencies have issued a joint statement on enforcement of Bank Secrecy Act and …
Spectre Of AML For Third-Party Providers Raises Hackles - MoneyNext
Potential new financial crime obligations for open banking firms in Europe run the risk of …
Cryptos Still Pose Huge AML Risk, Warn Experts
Cryptocurrencies could yet bolster the fight against money laundering, but unregulated digital currency exchanges and …
Lithuania Calls For EU Regulatory Harmony
The Bank of Lithuania has called for a harmonised regulatory regime on digital financial services …
Thailand Reforms Customer Due Diligence Rules Framework
On May 14, 2020, the Ministerial Regulation on Customer Due Diligence (B.E. 2563/2020) (กฎกระทรวงการตรวจสอบเพื่อทราบข้อเท็จจริงเกี่ยวกับลูกค้าพ.ศ. ๒๕๖๓) …
U.S. Agencies Fine Broker-Dealer $38m Over AML and SAR Filing Failures
Interactive Brokers has agreed to pay a total of $38m to settle charges in three …
Russia Tightens Grip On Crypto, Anonymous Deposits
Russia has passed new laws restricting anonymous cryptocurrencies and cash deposits, and has taken enforcement …