Latvian Intelligence Unit Sounds Alarm Over Crypto And Financial Crime
Virtual currencies pose a high money laundering and terrorist financing risk to Latvia and the …
India: Payments Council Welcomes Circular on Aadhaar-Based E-Authentication for Non-Banks
On May 17, 2019, the Payments Council of India (PCI) welcomed the circular issued by …
Self-Reporting 'Helped Mitigate' Western Union Sanctions Penalty
Western Union has agreed to a fine over allegations it violated U.S. sanctions by processing …
Sweden: National Risk Assessment of Money Laundering and Terrorist Financing 2019
On June 11, 2019, the Financial Supervisory Authority (Finansinspektionen) published the latest national risk assessment …
US: Senators Prepare Draft Bill on Tackling Money Laundering and Terrorism Financing
On June 10, 2019, a group of senators — Tom Cotton (R-Arkansas), Mark R. Warner …
Singapore: Monetary Authority Consults on Proposed Payment Services Notices on Prevention of Money Laundering and Countering the Financing of Terrorism
On June 6, 2019, the Monetary Authority of Singapore (MAS) launched a consultation paper proposing …
India: Payments Council Welcomes Recommendations Made by High-Level Committee on Deepening Digital Payments
On June 4, 2019, the Payments Council of India (PCI) announced that it supported the …
Crypto Bill Set To Dampen Appetite For Estonian Licences
Estonia is pressing ahead with efforts to quell an influx of applications for its laissez-faire …
Lithuania: Parliament Introduces Amendments to Money Laundering and Terrorist Financing Prevention Act VIII-275 for Transposition of 5th AMLD
On May 31, 2019, the Lithuanian parliament (Seimas) passed the draft Republic of Lithuania Cash Flow …