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UPDATE: AML tech such as AI and Digital IDs have potential to make efforts ‘faster, cheaper and more efficient’ says FATF in major report launched today

Premium July 2, 2021

BRUSSELS: Officials at the European Commission are grappling with the issue of whether compliance technology solutions across the bloc should be regulated.

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

By Elizabeth Hearst for AMLi

New technology in the AML/CFT space has the potential to “improve the speed, quality and efficiency” of measures to tackle dirty money, FATF says in a new report today.

The agency says it is “committed to keeping abreast of innovative technologies and business models” in the FinCrime sector and wants to be at the forefront of examining how tech can “help in the fight against money laundering and terrorist financing”.

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Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

Regulatory Watch News

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    Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that executed over $2 billion in unlawful transactions and laundered over $100 million in criminal proceeds

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