Category: Banking
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HONEST APPRAISAL:‘Huge gap’ between theory and practice on national AML frameworks, warns FATF’s President
MOSCOW UPDATE: Bank of Russia records ‘surge’ in potentially illegal online activity for 2020. Pandemic and developing technologies fuelling the change
INSIGHT: Firms in US want more clarity on what makes an effective compliance programme. ACAMS survey sheds light on concerns as new Defence Act laws begin to bed in
TRANSATLANTIC ARRESTS: Credit card fraud scheme busted in global AML operation; Europol reveal millions stolen from at least 50 US financial institutions
BREAKING: German watchdog BaFin orders Goldman Sachs to comply with AML DD over €60BN funds transfers from UK customers fearful over Brexit
NORDIC ALLIANCE: IMF notes improvements in Sweden’s AML framework just days after coalition of Nordic banks ask for help identifying biggest risks
‘Buy now, pay later’ coming under more scrutiny for laundering risks; proposed UK rules spark discussion of reform
UAE central bank meets country’s chief compliance officers to discuss FATF standards and step up fight against money laundering
INSIGHT: Up to half of Russian dirty money could flow through UK; expert claims criminals find it ‘too easy’ to set up shell companies in Britain
Latest FATF assessment sees improvements for Jamaica’s biggest AML concerns, but gaps remain ahead of ‘grey list’ removal target date
