by Jyotsna Bucktowar | Sep 11, 2024
The US, UK, France, and Germany have imposed new sanctions on Iran for supplying ballistic missiles to Russia for use in Ukraine. These sanctions include restrictions on Iran Air’s flights to the UK and Europe as well as travel bans and asset freezes on Iranians...
by Jyotsna Bucktowar | Jul 30, 2024
Financial institutions in Luxembourg have seen AML costs rise by 18% in two years and overall compliance costs grow 16% annually since 2015, yet they are less inclined to invest in new digital AML tools compared to their EMEA counterparts. CSSF director general Claude...
by Jyotsna Bucktowar | Jul 23, 2024
These sanctions target Russia’s unprovoked and illegal military aggression against Ukraine. They include a wide range of sectoral measures such as trade, finance, technology, and luxury goods restrictions, as well as bans on importing seaborne crude oil and...
by Jyotsna Bucktowar | Jul 13, 2024
A new team will be established within the Registration Duties, Estates, and VAT Authority to oversee AML/CFT controls, as well as the application of international financial sanctions. The new office aims to elevate the fight against ML to the same level of internal...
by Jyotsna Bucktowar | Jun 10, 2024
The programme reveals that independent ATMs, unregulated in the Netherlands and abroad, can be used by criminals as washing machines or to hide assets and avoid taxes. The finance ministry has stated that it is unaware of the issue and plans to initiate discussions...
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