by Jyotsna Bucktowar | Oct 3, 2023 | News
EBA publishes its work programme for 2024 including transition to the new EU AML/CTF Framework. The focus will be on i) implementing the EU banking package (Capital Requirements Regulation – CRR III / Capital Requirements Directive
by Jyotsna Bucktowar | Oct 2, 2023 | News
US DoJ orders Albemarle to pay over $218M to resolve Foreign Corrupt Practices Act investigation. Albemarle, through its third-party sales agents and subsidiary employees, conspired to pay bribes to government officials to obtain and retain…
by Jyotsna Bucktowar | Oct 2, 2023 | News
FCA fines ADM Investor Services International Limited £6.5M for serious financial crime control failings, inadequate anti-money laundering (AML) systems and controls. In particular, the firm’s AML customer risk assessment was found to be basic…
by Jyotsna Bucktowar | Oct 1, 2023 | News
IMF calls for greater oversight on crypto, proposing new risk assessment matrix. The IMF released a working paper last week seeking to tackle the rapidly changing crypto market and highlight significant macro-financial risks they believe…
by Jyotsna Bucktowar | Sep 29, 2023 | News
MONEYVAL publishes report following Mutual Evaluation of Luxembourg, which has obtained a good overall result. The FATF recognises the quality of the existing framework of Luxembourg regarding the fight against money laundering and the financing…...
by Jyotsna Bucktowar | Sep 29, 2023 | News
Statistica Research sheds light on the alarming spike in human trafficking – Between 2008 and 2019 the number of human trafficking victims identified worldwide more than quadrupled from around 30,000 to nearly 120,000…
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