by Jyotsna Bucktowar | Feb 11, 2024 | News
FATF Annual Report 2022-2023 sets out the achievement of the FATF to deliver on its mandate and strategic priorities to prevent criminals, the corrupt and terrorists from abusing the international financial system and strengthen the foundations for sustainable and...
by Jyotsna Bucktowar | Feb 8, 2024 | News
Home Office undertakes an economic crime survey from February to June 2024 among UK businesses to asses whether they have experienced economic crime and the approaches to tackle it. This survey aims to inform government policy and foster collaboration between the...
by Jyotsna Bucktowar | Feb 7, 2024 | News
US Treasury publishes 2024 National Money Laundering Risk Assessment report detailing updates including the ongoing fentanyl crisis, foreign and domestic terrorist attacks and related financing, increased potency of ransomware attacks, the growth of professional money...
by Jyotsna Bucktowar | Feb 7, 2024 | News
MEPs introduced regulations for instant euro transfers, enhancing fraud prevention and consumer safety through mandatory identity verification and client-set transfer limits. This update to SEPA rules ensures access to funds within ten seconds, addresses fraud risks,...
by Jyotsna Bucktowar | Feb 7, 2024 | News
FinCEN proposes rule to combat ML and promote transparency in residential real estate. Requiring certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real estate to legal...
by Jyotsna Bucktowar | Feb 6, 2024 | News
Spotlight on Corruption publishes new report revealing concerning trend: CMA, SFO, and FCA, are underperforming in prosecuting senior executives for economic crimes, with only 6% of investigations under the Senior Managers regime resulting in enforcement...
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