Lithuania Again Fines E-Money Firm Over Anti-Money Laundering Failures
The Bank of Lithuania has fined an e-money institution €120,000 for anti-money laundering failures, the latest …
Wave Or Ripple? UK Lawyers Divided Over Impact Of Visa, Mastercard Ruling
The Supreme Court’s ruling in favour of claimants in a long-running dispute with Visa and …
Fed Calls For Holistic Approach To Fight Synthetic Identity Fraud
The U.S. Federal Reserve has called for a holistic approach to mitigate synthetic identity fraud and …
News In Brief - June 30-July 3, 2020
The European Commission refers three member states to the Court of Justice for failing to …
Belgian Banks Blanche At Basic Accounts
Belgian banks have railed against the suggestion that they may be obliged to provide bank …
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 …
U.S. Agency Clarifies Requirements For Working With Hemp-Related Businesses
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued guidance clarifying that financial institutions should …