Industry newsEU launches new European Tax Observatory16th June 20210The European Union has created an independent monitoring body, the European Tax Observatory, to help drive policies against tax evasion/avoidance…
Industry newsNational Bank of Pakistan fined $55million by US11th March 20220The US Federal Reserve, the Federal Reserve Bank of New York, and the New York State Department of Financial Services…
Industry newsUK unveil plans to upgrade Companies House9th March 20220The UK government has published a White Paper setting out its plans to upgrade Companies House. Changes include identify verification…
Industry newsEconomic Crime Bill to be fast-tracked through legislation8th March 20220The Economic Crime (Transparency and Enforcement) Bill first promised in 2016 has been introduced in Parliament and will be fast-tracked…
Industry newsAUSTRAC releases guidance on SoF, SoW checks4th March 20220AUSTRAC has released new draft guidance for consultation to help reporting entities understand and undertake source of funds (SoF) and…
Industry newsHouse of Commons publishes PEP regime3rd March 20220The House of Commons Library has published a briefing paper on the Politically Exposed Persons (PEPs) Regime. The paper summarises…
Industry newsMoney Laundering Regulations 2017 time limit for trust registration extended1st March 20220The Money Laundering and Terrorist Financing (Amendment) Regulations 2022 have been issued which amends the Money Laundering, Terrorist Financing and…
Industry newsMoneyval releases second follow-up report on Albania’s FATF standards4th June 20210Following the 2018 FATF Mutual Evaluation Report on Albania, Moneyval has released its second follow-up report, which highlights that very…
Industry newsUK sanctions entities and individuals closest to Russian Kremlin24th February 20220On Tuesday, the UK sanctioned entities and individuals closest to the Russian Kremlin. Banks targeted include: Bank Rossiya; Black Sea…
Industry news$3.6bn in bitcoin seized by US DOJ18th February 20220The US Department of Justice (DOJ) has seized a record USD 3.6 billion in bitcoin tied to the 2016 Bitfinex…