Irish Regulator Warns Against ‘Blind Faith’ in Transaction Monitoring Tools
Ireland’s central bank has urged financial institutions not to put “blind faith” in automated systems …
Hong Kong Told To Improve Supervision Of Remittances, Prepaid
Awareness of money laundering and terrorist financing risks among smaller money service operators in Hong …
High-Risk Country Blacklist Tops EU Agenda For First Week Back
The European Commission has put reform of how it assembles its list of high-risk third …
Hong Kong, China: FATF Mutual Evaluation Report - September 2019
On September 4, 2019, the Financial Action Task Force (FATF) released a mutual evaluation report …
Latvia Touts 'Unprecedented' AML Reforms After Damning Review
Latvian officials are hoping that a year of legislative hard work will pay off as …
Greece: FATF Mutual Evaluation Report - September 2019
On September 3, 2019, the Financial Action Task Force (FATF) released a mutual evaluation report …
Switzerland Issues Crypto Licences But Reiterates 'Stringent' AML Approach
Swiss regulators have reiterated their “stringent” approach to anti-money laundering (AML) compliance for blockchain-based payment …
Draft Amendments to Foreign Credit Act, Payments Services Act, Electronic Money Act and Money laundering and Financing of Terrorism Act
On August 29, 2019, the Ministry of Finance published draft amendments it is proposing to a series of acts to …
Payments on the Blockchain Guidance
On August 26, 2019, the Swiss Financial Market Supervisory Authority (FINMA) published guidance on payments …