Compliance Practice
Practical guidance for professionals responsible for AML/CFT compliance. This section covers customer due diligence, identity verification, beneficial ownership, risk assessment, enhanced due diligence, screening, ongoing monitoring, suspicious transaction reporting and compliance record keeping.
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AI Changes the Task, Not the Responsibility
A point from MAS Chairman Gan Kim Yong’s remarks at the IBF Distinction Evening last week deserves attention beyond the financial sector: as AI changes…
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ACRA Annual Report 2025/2026: An Important Implementation Phase for the CSP Regime
ACRA has released its Annual Report 2025/2026. A consistent theme across the Chairman’s and Chief Executive’s messages is that robust regulation and a pro-enterprise environment…
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Cayman Islands AML and Financial Sanctions Rules Take Effect
Two new binding rules issued by the Cayman Islands Monetary Authority (CIMA) take effect on 18 September 2026, establishing minimum requirements for regulated financial services…
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FCA Opens AML Investigation into Euro Exchange Securities UK
The UK Financial Conduct Authority has opened an investigation into Euro Exchange Securities UK Ltd (EES) over potential offences under the Money Laundering, Terrorist Financing…
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FCA Publishes Final Cryptoasset Perimeter Guidance Ahead of Authorisation Gateway
The UK Financial Conduct Authority has published final guidance on how the regulatory perimeter will apply under the country’s forthcoming cryptoasset regime, ahead of the…
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Bangladesh FIU Tightens AML/CFT Requirements for Capital Market Intermediaries
Bangladesh's financial intelligence unit has directed brokerage houses, merchant banks and other capital market intermediaries to strengthen AML/CFT compliance structures, customer due diligence, screening, transaction…
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Serbia’s New Beneficial Ownership Register Law Takes Effect
Serbia’s new beneficial ownership register law begins applying on 15 September 2026, adding stronger documentation, verification and discrepancy controls with direct AML implications.
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Denmark Expands AML Act to Proliferation Financing and Sanctions Controls
Amendments to Denmark’s Anti-Money Laundering Act take effect on 15 September 2026, expanding the framework to proliferation financing and strengthening sanctions-related controls.
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South Africa Prudential Authority Sanctions Three Financial Firms for FIC Act Failures
South Africa’s Prudential Authority has imposed FIC Act sanctions on Capitec Bank, Ninety One Assurance and Albaraka Bank, citing customer due diligence, reporting, training, sanctions-screening…
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Jordan Steps Up Preparations for 2027–2029 MENAFATF Mutual Evaluation
Jordan has begun intensified preparations for its 2027–2029 MENAFATF mutual evaluation, with authorities highlighting legislative reform, risk-based supervision, beneficial ownership transparency and a national risk…
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