Anti-Money Laundering

Argentina's top financial regulator pushes for adoption of FATF crypto regulations to secure IMF package, potentially integrating them into upcoming money...

The “worrying weight of compliance” is taking its toll on regulated firms in the emerging financial sectors, with more than two thirds saying they are concerned about committing an anti-money laundering (AML) breach.

The crypto accounts are believed to be used to finance Islamic Revolutionary Guard Corps' Quds Force and the terror group Hezbollah.

The third Financial Action Task Force FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar took place on 21-23 June 2023.

Coming out of recent meetings in Paris this month, the Financial Action Task Force (FATF) is demanding to see substantial progress updates from Barbados or else there may be repercussions for the jurisdiction.

Indonesia’s anti-graft court has opened a trial for a former communication and information technology minister who was charged with corruption over the construction of mobile phone transmission towers in remote parts of the country...

The FATF pushed Gibraltar to make continued progress on its strategic deficiencies as the body warned that “all deadlines have now expired”.

The MiCA Bill was passed in April, bringing with it a possible end to the lack of clarity in European crypto but it's not all plain sailing.

FINRA has slammed a fine of $900,000 on Credit Suisse for reporting hundreds of thousands of inaccurate TRACE reports.

By Samuel Shen and Selena Li SHANGHAI/HONG KONG (Reuters) - China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as...

The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.

The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established…...

High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence,...

A few hundred thousand dollars can buy citizenship in some very pretty places.

Political experts and opposition members of parliament (MPs) have expressed concern about Cabinet ministers rushing to table critical bills in parliament for amendment - seemingly to avoid Namibia being greylisted by the Financial Action Task Force (FATF).

UAE attracted more millionaires and saw property prices shoot higher after being placed on money laundering list...

The Coordinating Ministry for Economic Affairs has sought support from Australia for Indonesia's efforts in becoming a full member of the Financial Action ...

The Allied Democratic Forces (ADF), created in Uganda, have become the “province” of the Islamic State in Central Africa. On Friday 16 June, the people of Mpondwe, in the Kasese district of western Uganda

Google Cloud announced the launch of its “Anti Money Laundering AI” service, a new fintech tool purported to provide greater speed and accuracy than state-of-the-art rules-based systems.

Just five years ago, Vanuatu had 600 active Financial Dealer Licenses (FDL). Today, there are only 60, but the jurisdiction has traded quantity for quality.

The Permanent Secretary of the Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed, called on all stakeholders to put in place appropriate measures to prevent abuse of Nigeria's financial system.

According to the recently published follow-up report by the Council of Europe’s MONEYVAL, Albania has made significant improvements in its measures to combat money laundering and terrorist financing. However, the report also highlights the need for further action.

MOSCOW, June 21 (Reuters) - The governor of Russia's
central bank Elvira Nabiullina said on Wednesday that there were
no reasons for Russia to be added to the Financial Action Task
Force (FATF) blacklist.

Companies have the difficulty of ensuring compliance while navigating a rapidly expanding regulatory landscape as laws become increasingly complex.

Cyprus has made significant progress in its fight against money laundering and terrorism financing, according to a recent evaluation conducted by MONEYVAL, the Council of Europe's anti-money laundering and counter-terrorist financing body.