UK Remittance Firm Hit With Record Fine After AML Crackdown
UK authorities have handed a record £7.8m fine to a West London money transmitter after …
Latvia Touts 'Unprecedented' AML Reforms After Damning Review
Latvian officials are hoping that a year of legislative hard work will pay off as …
Usefulness of SARs 'Dimmed By Poor Cross-Border Cooperation'
Financial intelligence units (FIUs) have expressed despair that cross-border investigations involving information reported by financial …
The Impact of Brexit on UK Firms
The Bank of England (BoE) published Staff Working Paper No. 818 The impact of Brexit …
New Regulation for Fraud Reporting of Payment Services
On September 2, 2019, the new regulation called the Submission of Statistical Data on Fraud …
Consultation on Experimental Regulatory Environment - Regulatory 'Sandbox'
The Brazilian Securities Commission (CVM) has opened a public consultation to regulate the experimental regulatory …
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 …
No-Deal Brexit Inches Closer As UK Parliament Suspended
The UK has inched closer to leaving the European Union without a deal on October …
FinCEN Bolsters Powers To Fight Financial Crime Outside U.S. Borders
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has formed a new division to …