FATF Releases Guidance for Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers
On June 21, 2019, the Financial Action Task Force (FATF) adopted and issued an Interpretive …
France: Law to Transpose 5th AMLD Published in Official Gazette
On May 23, 2019, Law No. 2019-486 of May 22, 2019 on the Growth and …
In Depth: Regulatory Hurdles Loom As Facebook Announces Launch Of Libra Coin
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a …
Malta: Regulators Release Joint Consultation on Guidance for Financial Institutions Opening Accounts for Fintechs
On March 27, 2019, the Malta Financial Services Authority (MFSA) launched, in cooperation with the …
UK: Law Commission Issues Report on Suspicious Activity Reporting Regime
On June 18, 2019, the Law Commission published a report on the suspicious activity reporting …
FinCEN Pushes For 'Critical' Beneficial Ownership Reforms
The head of the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has reiterated a call …
UK: Government Consults on Approach to Transposition of 5th AMLD
On April 15, 2019, HM Treasury released a consultation paper on the transposition of the …
Buy Now, Pay Later Sector Warned On AML As Afterpay Probed
Australia’s financial intelligence unit has ordered the doyen of the country’s payments industry to hire …
Italy: Financial Security Committee Publishes Updated National Risk Assessment on Money Laundering and Terrorist Financing
On June 13, 2019, the Financial Security Committee (CSF) published an updated national risk assessment …