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.
-
BaFin Gains Powers to Supervise AI Across German Finance
German lawmakers have authorised BaFin to supervise financial institutions’ compliance with EU AI transparency, risk and prohibited-practice rules.
Read More » -
EU Debates Group-Wide AML Duties for Major Corporate Brands
EU officials are considering how group-wide AML obligations should apply when major commercial groups own or franchise regulated financial businesses.
Read More » -
bet365 Ordered to Overhaul AML Controls Under AUSTRAC Enforceable Undertaking
AUSTRAC has accepted a legally binding enforceable undertaking from online bookmaker bet365, requiring the company to strengthen its anti-money laundering and counter-terrorism financing controls. The…
Read More » -
Financial Crime in 2026: Better Tools, Harder Judgement Calls
New information-sharing powers and AI tools are improving financial crime controls, but firms still need critical judgement and accountable decisions.
Read More » -
EU Anti-Fraud Talks Put Big Tech and Banks Under Pressure
European policymakers, banks and technology companies are debating how to respond to rising online fraud and harmful advertising.
Read More » -
UK Financial Firms Improve Sanctions Controls, but Screening and Alert-Management Gaps Remain
UK financial firms have strengthened their sanctions controls since 2022, but weaknesses in customer due diligence, screening, alert handling and frozen-asset management continue to cause…
Read More » -
Singapore’s Anti-Money Laundering Performance Improves, Securing FATF’s Top Follow-Up Rating
Singapore has been placed in Regular Follow-up under the FATF’s fifth-round mutual evaluation—an improvement on its 2016 result and the follow-up category applied to members…
Read More » -
FinCEN Proposes Risk-Based Overhaul of U.S. AML/CFT Program Rules
Date: 7 April 2026Category: Regulation / ComplianceRegion: United States FinCEN has proposed a major revision of the rules governing anti-money laundering and countering the financing…
Read More » -
Singapore CSP Owner and Resident Director Charged Over Scam-Linked Company Accounts
A corporate service provider owner and a local resident director have been charged in Singapore over their alleged involvement in two companies whose bank accounts…
Read More » -
FinCEN Imposes Record $80 Million BSA Penalty on Canaccord Genuity
Date: 6 March 2026Category: Enforcement / ComplianceRegion: United States The U.S. Financial Crimes Enforcement Network has imposed an $80 million civil money penalty on Canaccord…
Read More »