Latvian AML Shortcomings Aiding Foreign Bribery, Report Says
The Organisation for Economic Co-operation and Development (OECD) has said Latvian authorities are still failing …
Payment Firms' Agents Targeted In Germany's Money Laundering Reforms
The German Ministry of Finance has said that the requirements for agents of foreign payment …
Pakistan Gets FATF Lifeline As Iceland Joins Watchlist
Pakistan has been granted a further lifeline by the Financial Action Task Force (FATF) to …
National Authorities Told To Regulate Libra In New Guidance
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s …
Crypto Next As Brussels Pulls Payments Into VAT Fraud Reforms
The European Parliament has recommended that virtual currency exchanges be scheduled for consideration in a …
Turkish Bank Says U.S. Sanctions Charges 'Unfair', Politically Motivated
A Turkish bank is fighting back against sanctions evasion charges by U.S. officials, dismissing the …
Australia: AUSTRAC Consults on Proposed Amendment to Chapter 11 of AML/CTF Rules
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter …
UK Money Mule Project Uncovers Fraud Risk To Digital Banks, Remitters
Digital banks, money transfer operators and cryptocurrency firms in the UK are being exploited by …
Estonian Officials Talk Tough On AML But Drag Feet On Reforms
As liquidation of the scandal-ridden Estonian branch of Danske Bank begins, legal experts believe there …