Log in/out

Our extensive knowledge at your fingertips

Money Laundering & Terrorist Financing

Over 20 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

Browse the resource database or make a sub-selection:

Menu

Latest editions

Search

U

IMF assesses the potential effects of a downside scenario from ‘de-risking’ between China and OECD economies

October 17, 2023

Latest edition of Regional Economic Outlook looks at the potential impacts of de-risking in major economies on economic growth in China.

UK authorities criticised for failing to prosecute financial crime enablers and rich tax cheats

October 17, 2023

Prosecutors in UK have been accused of being too timid in targeting financial criminals, with two separate reports last month highlighting low levels of enforcement against both financiers tasked with reporting suspicious money flows and wealthy tax cheats…

 

 

European Parliament and Council calls for clear rules on EC’s AML package

October 17, 2023

The Parliament highlights that the rules on identifying customers’ beneficial owners “have to be calibrated correctly and fit well within customer due diligence processes”. It also indicates that the ‘control exercised via other means’ criteria needs to be clear, workable and enforceable…

Europol publishes analysis on the amphetamine market in the EU

October 16, 2023

The online modules of this report will provide a comprehensive overview of the European illicit markets.

US Treasury announces cyber security cooperation Memorandum of Understanding with the United Arab Emirates

October 16, 2023

MoU enhances cooperation in the following areas: Information sharing relating to the financial sector including cybersecurity information on incidents and threats;
Staff training and study visits to promote cooperation in the area of cybersecurity; and Competency-building activities such as the conduct of cross-border cybersecurity exercises.

$2.8b money laundering accused is IT company CEO but does not know where office is: DPPs

October 16, 2023

A man arrested in the $2.8 billion money laundering case claims to be the chief executive of a computer support firm, but does not even know where his office is. In fact, investigations show this firm is a shell company, prosecutors said…

EPPO indicts one person and one company for fraud involving vineyards and orchards

October 16, 2023

The EPPO in Bratislava (Slovakia) filed an indictment at the Specialised Criminal Court against one individual and one company, for fraud involving projects for the cultivation of vineyards and orchards. Over the course of three years (2018, 2019 and 2020), the accused individual…

SEBI, Securities and Exchange Board of India have issued an amendment to their AML guidelines

October 16, 2023

These guidelines relate to the rules framed under the prevention of money laundering Act 2002. For the uninitiated, Prevention of ML Rules, 2023 came into force on Sep 4, this year, and in view of these amendments, certain provisions of the master circular stand to get modified…

Reserve Bank of India (RBI) has overhauled its ‘Master’ Know Your Customer (KYC) guidelines

October 15, 2023

RBI has issued new guidelines for Know Your Customer (KYC) to strengthen the customer verification system. Under this, banks and non-banking financial companies (NBFCs) have been asked to adopt a risk-based approach regarding KYC updates from time to time…

1 in 3 firms compliant with AML regime – SRA annual report

October 14, 2023

The report details the regulator’s stance and approach to AML regulation for law firms. The SRA warns that it is increasing its focus to “ensure that all solicitors understand and meet the obligations of the financial sanction regime.” Over the past 12 months the SRA have completed…

JMLSG publishes final amendments to Paragraph 5.3.129A (relating to discrepancy reporting) within Part I Chapter 5 of its Guidance

October 12, 2023

The revisions concerns guidelines on beneficial ownership and have been submitted to HM Treasury for Ministerial approval.

UK Court of Appeal grants injunction to block civil proceedings filed in Russia following the imposition of Russia-related sanctions

October 12, 2023

The Court of Appeal in London has confirmed that the UK sanctions regime does not prevent courts from entering judgment in favour of sanctioned persons in civil litigation – meaning an US$850 million fraud suit brought by two Russian banks can proceed…

No results found.