FCA publicly censures the former CEO of Sonali Bank (UK) Limited (SBUK) for AML failings. The latter failed to take reasonable steps to assess and mitigate the AML risks arising from a culture of non-compliance among SBUK’s staff. He failed to ensure…
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- FATF publishes new guidance on beneficial ownership and transparency of legal arrangements focusing on Rec.25
- HM Treasury proposes expanding its money laundering regulations to capture a broader range of digital asset activities, including non-fungible token (NFT) issuance
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- FCA publishes Business Plan 2024/25 highlighting some of the challenges to the UK’s economic and geopolitical landscape
- The European Council and European Parliament strike a deal on the Corporate Sustainability Due Diligence Directive (CS3D) with the aim to protect the environment and human rights
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