MONEYVAL holds 62nd Plenary Meeting

The meeting underlined MONEYVAL’s role as a specialised Council of Europe monitoring body and as a key partner in the global network in the area of AML and combating the financing of terrorism. The Committee adopted the Typologies research report “AML/CFT supervision...

FCA fines NatWest over AML failures

NatWest fined £264.8 million after failing to comply with account-monitoring requirements, becoming the first bank to be criminally convicted under the UK’s AML regulations. The ‘red flags’ that were reported included significant amounts…

OECD announced new Anti-Bribery Recommendation

The OECD Anti-Bribery Convention establishes legally binding standards to criminalise bribery of foreign public officials in international business transactions, and provides a host of measures to make this effective.

US Global ‘Summit for Democracy’

US holds global ‘Summit for Democracy’ defending against authoritarianism, combating corruption, and promoting respect for human rights. A second Summit will be held next year, in which the U.S. Govt intends to be in-person…