Cayman Islands: Government Announces AML Requirement for Beneficial Ownership Register
On October 9, 2019, the government of the Cayman Islands published an announcement titled “Commitment by …
Slovakia: Parliament Approves Draft Law for Transposition of 5th AMLD
On October 9, 2019, the government approved the bill amending Act No. 297/2008 Coll. on protection …
UK: Government Publishes No-Deal Readiness Report
On October 8, 2019, the government published a no-deal readiness report. As the country prepares to leave …
Top Regulators Demand Tighter EU-Wide Supervision Of Payments, E-Money
The EU’s top financial supervisors have urged member states to boost their supervision and understanding …
Finland: Government Approves Cybersecurity Strategy 2019
On October 4, 2019, the Finnish government announced it had approved a decision on the Cybersecurity …
EU-Wide Information Sharing Network Faces Chop Over Data Concerns
Cross-border investigations triggered by suspicious transaction reports (STRs) from European financial institutions could be crippled …
Criminals Finding Workarounds Despite Crackdown On Crypto Exchanges
Criminals are fine-tuning their response to closer regulatory scrutiny of cryptocurrency exchanges by turning to …
European Firms Challenged Over Third Country AML Risk
Financial institutions headquartered in Europe but operating elsewhere face “significant” consequences if they do not …
Prepaid Financial Services Fined €1m For Money Laundering Failings
French regulators have handed a €1m fine to e-money firm Prepaid Financial Services (PFS) after …