Europe

The Financial Action Task Force (FATF) has published the outcomes from its plenary meeting, which took place between June 14 and 17 2022. Three plenary sessions are held each year by the FATF, with the plenary year beginning in July […]

Meet ekko, a new challenger fintech with built-in eco-initiatives that allow users to track their carbon footprints. We caught up with co-founder and Head of Operations Manish Vara to learn more.

The Financial Action Task Force (FATF) has published a follow-up report on the UK’s anti-money laundering (AML) and counter-terrorist financing (CFT) measures, acknowledging that the country has taken several actions to strengthen its framework since its 2018 mutual evaluation report […]

The Financial Conduct Authority (FCA) and the Treasury have issued significant updates to the UK’s current and proposed crypto regulatory framework in recent months. But as the industry evolves and matures at a rapid pace, the government’s wider strategy around […]

European Supervisory Authorities (ESAs) have published a joint report advocating for a more comprehensive framework of powers related to the revoking of licenses for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) rules. The report states […]

The European Central Bank (ECB) has released a new working paper as part of its 24-month central bank digital currency (CBDC) project. The paper focuses on the technical aspects of a potential digital euro and examines digital economy pain points […]

In a new report, MONEYVAL, the Council of Europe’s financial crime research body, has called for stricter and more coordinated regulations to combat insufficient anti-money laundering (AML) compliance standards across 18 European jurisdictions. The report acknowledges that the growing use […]

On April 28 2022, the House of Commons Treasury Committee issued responses from the government, Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) to its report on fraud, scams and economic crime. The original report, published in February 2022,  […]

Challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. Others do not have adequate risk assessments in place for customers, the UK’s Financial Conduct Authority (FCA) has […]

Due to price flexibility and purchase anonymity, the art and antiquities market can provide an attractive environment for racketeers to launder money. According to a 2023 report, the global art market grew from $441 billion in 2022 to $579 billion […]

The EU has issued new guidance on the risks associated with foreign direct investments (FDI), targeting Russia and Belarus in light of military aggression against Ukraine. With five packages of sanctions already imposed on Russia, the EU emphasizes that FDI […]

New planned AML regulations in the EU will reinforce the importance of a risk-based approach for banks. Automated, scalable adverse media solutions are an important component of this, enabling banks to conduct comprehensive customer risk assessments, taking into account a […]