Anti-Money Laundering

PEPs & Sanctions

G7 Allies Impose Expansive New Russia-related Sanctions

By Manesh Samtani | 22/05/2023

The US issued more than 300 new designations. The UK, Canada, and Japan also announced new sanctions.

Anti-Money Laundering

FATF President Calls on G7 to Act on Crypto Assets

By Editors | 19/05/2023

T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.

Anti-Money Laundering

Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m

By Editors | 19/05/2023

The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.

Anti-Money Laundering

US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report

By Mark Johnston | 18/05/2023

The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.

Cryptocurrency

EU Council Formally Adopts New Legal Framework for Crypto

By Sanday Chongo Kabange | 17/05/2023

New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.

Anti-Money Laundering

EU Enters Trilogue Discussions on Proposed New AML Authority

By Mark Johnston | 17/05/2023

The new Anti-Money Laundering Authority would directly supervise high-risk financial entities and coordinate national authorities and FIUs.

Anti-Money Laundering

Indian Authorities Investigating Three ‘Top Brokers’ – Reports

By Editors | 16/05/2023

Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

Anti-Money Laundering

IMF Offers New Guidance on Combatting Terrorism Financing

By Editors | 16/05/2023

New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.

Anti-Money Laundering

The Financial Action Task Force’s Challenge with Russia

By Fatima Alsancak | 15/05/2023

RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.