Coronavirus Round-Up: What Regulators And Firms Are Saying
The tide of regulatory measures prompted by the coronavirus pandemic ebbed during the first weeks …
COVID-19 Related Money Laundering and Terrorist Financing Risks and Policy Responses
The Financial Action Task Force (FATF) has published a paper identifying the challenges, good practices …
Travelex Avoids Freezing Order Over Failed $60m Banknote Delivery
Troubled foreign exchange and payments provider Travelex has avoided having $60m of its assets frozen …
European Parliament Stakes Claims On AI Regulation
The European Parliament has unveiled a plan to create an EU body to oversee artificial …
U.S. Consumer Agency Exempts Firms From Remittance Rule
The U.S. consumer watchdog has taken action to provide consumers with the ability to send …
Brazil: Central Bank Reforms AML/CTF Regulatory Framework
On January 24, 2020, the Central Bank of Brazil (Banco Central do Brasil – Bacen) …
EU Set To Refresh High-Risk Jurisdictions List
The European Commission will this week bring its watchlist of high-risk jurisdictions for money laundering …
EU Commission Proposes First Anti-Money Laundering Regulation
The European Commission has proposed the creation of a new anti-money laundering regulation as part …
FATF Offers Coronavirus Guidance For Firms, Regulators
The Financial Action Task Force (FATF) has released what it calls good practices that regulators and firms …