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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UK Watchdog Warns AI Is Being Used to Bypass Gambling KYC
The UK Gambling Commission says customers are using AI and other methods to evade identity and KYC checks on gambling platforms.
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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.
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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.
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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…
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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.
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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.
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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…
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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…
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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…
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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…
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