by Jyotsna Bucktowar | Dec 18, 2023 | News
UK Govt has refined the approach to Politically Exposed Persons within the ML/TF and Transfer of Funds Regulations 2017. This refinement specifies that banks and other regulated entities should initially treat domestic PEPs, or their family members, as inherently...
by Jyotsna Bucktowar | Dec 17, 2023 | News
EU Council and EU Parliament reach political agreement to criminalise violation of EU sanctions. These include: helping persons subject to EU restrictive measures to bypass a travel ban, trading sanctioned goods and running transactions with states…
by Jyotsna Bucktowar | Dec 16, 2023 | News
FinCEN is planning to propose a long-awaited rule aimed at curbing money laundering in real estate in early 2024. The regulator is also aiming to issue a notice of proposed rulemaking that would require investment advisers flag suspicious transactions to...
by Jyotsna Bucktowar | Dec 15, 2023 | News
FATF re-rates Germany on two Recommendations from the 2022 Mutual Evaluation. The report summarises Germany’s progress in improving technical compliance. The final part sets out the conclusion and includes a table showing Germany’s MER ratings and updated...
by Jyotsna Bucktowar | Dec 14, 2023 | News
US DoJ charges four individuals for their alleged roles in a scheme to launder the proceeds of cryptocurrency investment scams and other fraudulent schemes involving millions of dollars in victim funds. The overall fraud scheme in the related pig-butchering syndicate...
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