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FATF Monitoring: Countries Addressing Strategic Deficiencies

Jurisdictions under Increased Monitoring by the FATF Countries...

Former Peruvian President Alejandro Toledo Sentenced to 20+ Years in Odebrecht Bribery Scandal

Former Peruvian President Alejandro Toledo has been...

Ex-Mexican Security Chief Sentenced for Bribery and Aiding Sinaloa Cartel’s Drug Trafficking

Genaro Garcia Luna, Mexico's former Secretary of...

Tag: aml compliance

human smugglingcontract slaveryforced labordomestic workstandard of livingdomestic slaverydomestic servitudeminimum wage violationchild sex trafficking
Money Laundering

Revision of “Frequently Asked Questions Regarding “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism””

The FSA revised "Frequently Asked Questions Regarding “Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism”"("FAQs") (issued in March 2021, last revision: August 2022), in order...
Recent Regulations & News

Restrictions on money transfers abroad extended

The Bank of Russia has extended the restrictions for another six months. They will be effective from 1 April through 30 September 2024. Citizens of the Russian Federation and non-resident individuals from friendly states will still be allowed...
Recent Regulations & News

Bank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

From 1 April 2024, these operations will be suspended for another six months. The restrictions are applicable to money transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers. They...
Recent Regulations & News

Bank of Russia submits 2023 Annual Report to State Duma

Affordable loans alongside increased budget expenditures provided the boost helping the Russian economy rebound already by mid-2023 — Bank of Russia Governor Elvira Nabiullina emphasised in her address to readers. When the recovery completed,...
Crypto

A speech on “Changing dynamics – How should regulators respond to new challenges” at the Eurofi High Level Seminar 2024

On February 21, 2024, ARIIZUMI Shigeru, Vice Minister for International Affairs, gave a speech titles “Changing Dynamics - How should regulators respond to new...
Recent Regulations & News

United Kingdom: Recent FCA enforcement action – Key takeaways for compliance officers

On 13 February 2024, the FCA issued a Final Notice to Floris Jakobus Huisamen, the former director and compliance officer of London Capital & Finance plc...
Money Laundering

Updates to the AML/CFT/CPF Handbook — GFSC

The Commission has today issued an amendment to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting...
Money Laundering

Updates to the AML/CFT/CPF Handbook — GFSC

The Commission has today issued amendments to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the...
Recent Regulations & News

European Union: European Parliament votes on Alternative Investment Fund Managers Directive II

In brief On 7 February 2024, the European Parliament voted the proposed Directive amending the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD) and the UCITS...
FinTech

Egypt: New Regulations on the Establishment and Licensing of Fintech Companies

In brief The Financial Regulatory Authority (“FRA”) recently published regulations setting out the requirements for establishment and licensing for companies seeking to offer certain non-banking...
Money Laundering

Ms Ginette Louise Blondel — GFSC

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc....
Money Laundering

Ms Ginette Louise Blondel (Date of Birth 2 July 1984) of Fontenelle, Les Baissieres, St Peter Port, Guernsey, GY1 2UE

Date of prohibition order pursuant to section 33 of The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 1...
Money Laundering

Germany: Transparency Register – Discrepancy Report

In brief Discrepancy report – how to react? Lately, quite a few companies have received so-called discrepancy reports from the German Federal Gazette (“Bundesanzeiger“), the authority...
Due Diligence

Fides Corporate Services Limited, Mr David Charles Housley Whitworth, Mr Paul Conway and Mr Stuart Turner — GFSC

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc...

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