As money laundering and terror financing methodologies keep pace with advances in technology, financial institutions must work harder to ensure they are aligned with their regulatory environments and are able to stop criminals misusing their services. The increasingly complex data […]
The European Union deploys sanctions against targets around the world as part of its Common Foreign and Security Policy (CFSP). While sanctions are imposed in order to protect the EU’s security interests, or to address violations of treaty agreements and […]
The deadline for the private sector to implement the 6th Money Laundering Directive (6AMLD) is looming. Financial institutions and companies that must comply with the regulations are expected to comply with requirements by 3 June 2021. While the European Commission […]
In the global financial landscape, supply chains are crucial to the delivery of goods and services, with third-party relationships connecting companies and sectors across jurisdictions. The integration of effective supply chains into modern business infrastructure allows firms to acquire resources, […]
The global legislative landscape is constantly changing but keeping up with the most recent anti-money laundering regulations is a mandatory requirement for every financial institution in the world. The rapid pace of legislative reform in certain jurisdictions deepens the AML […]
The rise of blockchain technology has facilitated the spread of cryptocurrencies and other types of crypto assets. Secured by cryptographic algorithms and circulated without any need for a central bank authority, cryptocurrencies have disrupted traditional financial systems and are traded […]
A thorough AML programme has many moving parts, and adverse media screening is arguably one of the most important for preventing financial crime. Onboarding a client that has known risk could have severe consequences for your reputation, and also puts […]
FATF’s latest guidance was a reminder to the VA, VASP, Ce/DeFi, and crypto communities that AML/CFT, KYC, TM, and payment transparency (aka “The Travel Rule”) are just as applicable to them as they are to traditional compliance professionals (TCPs). But […]
Australia’s human rights framework is built on common law and on its constitution which sets out certain universal rights for individuals within Australia and around the world. Human rights legislation in the country varies at the state and Federal levels […]
As a gateway to China, Hong Kong is an important financial destination for businesses across APAC and the world, including numerous fintech service providers dealing in virtual assets such as cryptocurrency. Hong Kong’s regional and global status also makes it […]
An isolated and heavily restricted totalitarian state, North Korea engages in a range of cyber activities that violate international law, including conducting illegal cyber operations around the world. Ongoing international sanctions against North Korea prohibit a broad range of economic […]
In the United States, geographic locations that present a particularly high risk of money laundering and financial crime may be designated high-risk money laundering and related financial crime areas, also referred to as high-intensity financial crime areas (HIFCA). Intended to […]
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