by Jyotsna Bucktowar | Dec 15, 2024 | News
ICO Guidance on sharing personal data in fraud investigation provides important directions for organisations on how to lawfully share personal data under UK GDPR. Key takeaways: Data Protection Impact Assessments required to assess…
by Jyotsna Bucktowar | Dec 14, 2024 | News
Europol’s Financial Intelligence Public-Private Partnership (EFIPPP) pre-launches a new ‘Practical Guide for Operational Cooperation between Investigative Authorities and FIs’. This Guide is designed to support criminal investigative…
by Jyotsna Bucktowar | Dec 12, 2024 | News
GI-TOC report highlights how FIs in the Balkans are exploited for ML and illicit financial flows, revealing regulatory gaps and systemic vulnerabilities. Key issues include gaps in cryptocurrency, which allow anonymous, cross-border transactions…
by Jyotsna Bucktowar | Dec 11, 2024 | News
FinCEN joins public-private partnership to develop a comprehensive national strategy for combating fraud and scams. The National Task Force on Fraud and Scam Prevention, brings together key stakeholders including the financial services sector, technology…
by Jyotsna Bucktowar | Dec 10, 2024 | News
FINTRAC fines Exchange Bank of Canada $2.5m for failure to submit suspicious transaction reports, inadequate monitoring of business relationships, and not reporting large cash transactions. The Bank failed to submit 5 STRs out of 26 case files reviewed…
by Jyotsna Bucktowar | Dec 9, 2024 | News
Australia introduces new beneficial ownership reporting requirements to strengthen AML oversight in high-risk sectors like real estate, law, and accounting, led by AUSTRAC. Businesses must identify and verify beneficial owners, defined as individuals…
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