Romania: 4th AMLD Implementation — Draft Legislative Decree
The government of Romania is consulting on the draft law on preventing and combating money …
IMF Issues Technical Note on Implications for Regulation and Supervision of Financial Sector in Singapore
On July 15, 2019, the International Monetary Fund (IMF) published a technical note on implications …
Lithuania: Central Bank Joins GovTech Lab Project to Improve Mandatory Reporting Scheme
On July 16, 2019, the Bank of Lithuania announced that it is seeking an innovative …
Congressional Hearings 'Just The First Step' For Facebook Crypto Project
With Facebook scheduled to appear before U.S. Congress this week to make the case for …
Egmont Group Releases Summaries of Two Reports Regarding FIUs' Fight Against Money Laundering and Terrorist Financing
On July 12, 2019, the Egmont Group, a global body comprising 164 financial intelligence units …
Latvia: Draft Amendments to the Law on Prevention of Money Laundering and Terrorist Financing
On April 3, 2019, the Saeima (parliament) introduced Draft Law no. 295/Lp 13 with the …
European Council Adopts Directive on Measures to Facilitate Access by Competent Authorities to Financial Information
The European Council has adopted a directive that provides measures to facilitate competent authorities’ use …
Canada: Department of Finance Publishes Amendments to Anti-Money Laundering Regulations
On July 11, 2019, the Department of Finance of Canada published regulations amending certain regulations …
Wildlife Trafficking A $23bn Problem For Financial Firms, Experts Warn
Financial institutions are being urged to stem the flow of illicit funds from illegal wildlife …