FCA publishes 2021/22 Business Plan
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The Financial Conduct Authority (FCA) has published its Business Plan for 2021/22 which includes priorities for market abuse and financial…
European Commission publishes new AML/CFT legislative proposals
The European Commission has published new legislative proposals to strengthen the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules.…
FATF report on opportunities and challenges of new technologies for AML/CFT
The Financial Action Task Force (FATF) has released a report on the opportunities and challenges of new technologies for AML/CTF.…
MAS proposes new AML/CFT Notice for precious stones, metals and products
The Monetary Authority of Singapore (MAS) has issued a consultation paper seeking views on proposals to issue a new AML/CFT…
UK Serious Fraud Office secures approval for DPA with Amec Foster Wheeler Energy Ltd
The Serious Fraud Office (UK) secured court approval for its tenth Deferred Prosecution Agreement (“DPA”) with Amec Foster Wheeler Energy…
HM Treasury issues updated Advisory Notice on AML/CFT controls in overseas jurisdictions
Following the Money Laundering and Terrorist Financing (Amendment) (No 2) (High-Risk Countries) Regulations 2021, which updated the list of high-risk…
FATF publishes report on money laundering methods from environmental crime
The Financial Action Task Force (FATF) published a Report identifying methods that criminals use to launder proceeds from environmental crime,…
FinCEN issues U.S. priorities for AML/CFT policy
The Financial Crimes Enforcement Network (FinCEN) has issued the first United States government-wide priorities for anti-money laundering and countering the…
The Wolfsberg Group releases statement on how Financial Institutions can demonstrate AML/CFT effectiveness
The Wolfsberg Group has published a statement setting out how Financial Institutions can assess risk in defined priority areas and…
FATF adds Malta, Haiti, South Sudan and the Philippines to increased monitoring list
The Financial Action Task Force (FATF) has added Malta, Haiti, South Sudan and the Philippines to its list of jurisdictions…