UNODC releases report on trafficking
0
The United Nations Office on Drugs and Crime [“UNODC”] released its “Global Report on Trafficking in Persons” for 2022 on…
Annual report on SARs published by NCA
On 24th January, the NCA’s Financial Intelligence Unit released its annual report on Suspicious Activity Reports: In the last financial…
Report on Monaco’s AML measures released
On 23rd January, MONEYVAL, the Council of Europe’s anti-money laundering monitoring body, released its Mutual Evaluation Report into Monaco’s AML/CTF…
Crypto Regulation, What to Expect?
Regulation of the cryptoassets industry has received increased attention in the policy sphere during the last year as the series…
FinCEN statement on human smuggling detection
A recent FinCEN statement has called out the need for financial institutions to better aid the detection of financial activity…
FCA publishes new ‘Dear CEO’ letter
The FCA has released a ‘Dear CEO’ letter to wholesale brokerage firms. The FCA’s wholesale broking strategy will focus on…
South Africa pass 2 acts to strengthen AML/CTF controls
The FATF’s report on its mutual evaluation of South Africa’s AML and CTF controls in October 2021 highlighted significant shortcomings…
Global Risk Report for 2023 released by World Economic Forum
The World Economic Forum has released its Global Risks Report for 2023. The report considers current risks and also sets…
Threshold under POCA rises
On 5th January 2023, the threshold amount specified in Section 339A of the Proceeds of Crime Act [“POCA”] was increased…
FINRA publishes 2023 Examination and Risk Monitoring Program report
FINRA has published its 2023 Examination and Risk Monitoring Program report, providing key insights and observations for firms to support…