by Jyotsna Bucktowar | Mar 20, 2024
The new rules will require businesses dealing with NFTs to conduct customer due diligence and report suspicious activities to the authorities. The move aims to bring NFTs under the same AML regulations as other digital assets like cryptocurrencies. This decision comes...
by Jyotsna Bucktowar | Mar 14, 2024
The proposed changes aim to strike a balance between preventing financial crimes and promoting technological advancements. The new rules could include allowing simplified customer due diligence processes for low-risk transactions and utilizing digital identification...
by Jyotsna Bucktowar | Mar 11, 2024
This consultation covers some areas already identified by The Treasury and covers the following themes: making customer due diligence more proportionate and effective, strengthening system coordination, providing clarity on scope of the MLRs, reforming registration...
by AdrianaAMLP | Mar 8, 2024
Impact assessments updated: Economic Crime and Corporate Transparency Bill – Scottish Solicitors Discipline Tribunal financial penalty; Economic Crime and Corporate Transparency Bill – New regulatory objective in the Legal Services Act 2007; Economic Crime and...
by AdrianaAMLP | Feb 7, 2024
OFAC’s action follows a steep rise in violence in Ecuador attributed to the actions of Los Choneros and other drug trafficking gangs in the country.
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