Regions
Browse AML/CFT regulation, enforcement, compliance practices and financial crime developments by jurisdiction. Regional coverage helps readers understand how international standards are implemented across different legal and regulatory environments.
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Bank of Italy Reinforces Sanctions Screening Across Funds and Crypto Transfers
The Bank of Italy has issued a supervisory communication reminding regulated intermediaries to ensure that their controls can identify customers, relationships and transactions connected to…
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Europol-Backed Operation Targets ‘Dubai Bank’ Underground Banking Network
Europol has announced the results of an international operation targeting a sophisticated underground banking network suspected of financing drug trafficking and laundering criminal proceeds worldwide.…
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New Zealand Updates Money Laundering Risk Assessment for Accountants
New Zealand’s Department of Internal Affairs (DIA) has published a new sector risk assessment setting out the money laundering, terrorism financing and proliferation financing risks…
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US Regulators Clarify Use of Mobile Digital IDs for Customer Identification
U.S. financial regulators have clarified how banks and other covered financial institutions may use mobile driver’s licences and other verifiable digital credentials when verifying the…
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Illumina Cambridge Pays £7.44 Million Over Russia Sanctions Breaches
Illumina Cambridge Limited has paid HM Revenue & Customs (HMRC) a £7,438,840.13 compound settlement for breaches of the Russia (Sanctions) (EU Exit) Regulations 2019. According…
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FinCEN Flags Iranian Commercial Aviation Procurement Networks and Sanctions-Evasion Risks
The U.S. Financial Crimes Enforcement Network has issued an alert warning financial institutions about Iranian efforts to procure aircraft, components and related services for the…
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FCA Cancels HR Bank Limited Registration Under UK Money Laundering Rules
The UK Financial Conduct Authority has cancelled the registration of HR Bank Limited as an Annex I financial institution under the Money Laundering Regulations 2017.…
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Singapore Police Investigate 98 People in Islandwide Unlicensed Moneylending Operation
Singapore Police are investigating 98 people for suspected involvement in unlicensed moneylending following a seven-day islandwide enforcement operation. The suspects, aged between 17 and 78,…
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AUSTRAC Removes 45 Remittance and VASP Businesses as High-Risk Payments Scrutiny Intensifies
AUSTRAC has cancelled, suspended or refused renewal of 45 remittance and virtual asset service provider registrations over the past year as the Australian financial intelligence…
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Monaco Fines Julius Baer Wealth Management €1.5 Million for AML Control Failures
Monaco’s financial security authority has fined Julius Baer Wealth Management (Monaco) S.A.M. €1.5 million after finding weaknesses in its anti-money laundering and counter-terrorist financing controls.…
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