Industry newsCorrespondent Banking Principles updated by the Wolfsberg Group7th November 20220The Wolfsberg Group has published a new document updating its Financial Crime Principles for Correspondent Banking. The updated principles include…
Industry newsThe findings of INTERPOL’s first ever Global Crime Trend Report31st October 20220The findings of INTERPOL’s first-ever Global Crime Trend report, saw more than 60 per cent of respondents rank crimes such…
Industry newsIMF publishes guidance on beneficial ownership31st October 20220The IMF (International Monetary Fund) have published a new book offering guidance to practitioners, policymakers, and researchers on the implementation…
Industry newsAML Annual Report published by SRA31st October 20220The Solicitors Regulation Authority have released their 2021-22 AML Annual Report, highlighting increased steps taken over the past year to…
Industry newsFATF adds 3 countries to its blacklist31st October 20220Following their October Plenary, the Financial Action Task Force (FATF) has added Myanmar to the ‘blacklist’, alongside Iran and North…
Industry newsOFAC and OFSI to enhance sanctions implementation support24th October 20220The US Treasury’s OFAC & the UK’s Office of Financial Sanctions Implementation have decided to deepen their co-operation, to enhance…
Industry newsSwitzerland expands sanctions list against Russia24th October 20220The Swiss government imposed further sanctions against Russia over the war in Ukraine on Wednesday 19th October, in line with…
Industry newsFinland’s improvement in its AML framework24th October 20220According to an assessment by the Financial Action Task Force (FATF), Finland has taken a number of actions to strengthen…
Industry newsFCA fines Gatehouse Bank Plc £1.5million24th October 20220The FCA has fined Gatehouse Bank Plc £1,584,100 for significant weaknesses in its financial crime systems and controls, specifically checks…
Plenitude newsWebinar: Assessing your risk exposure to Proliferation Financing18th October 2022Join our webinar on 17th November, in partnership with UK Finance, as we look at the risk exposure of proliferation…