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FinCEN issues proposed rule to modernize AML/CFT programs
The proposed amendments are based on changes to the Bank Secrecy Act contained in the AML Act of 2020.
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New EU Anti-Money Laundering Authority gets set
As the new AML Authority gets set to start supervision of selected entities in 2028, we take a look at its powers and timeline.
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Joint statement on second US-UK Strategic Sanctions Dialogue
The US and the UK have reaffirmed that sanctions and export controls are essential tools of national security policy.
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Private funds don’t need to re-invent the wheel to adapt to harmonization
Time to adapt your compliance frameworks to address regulatory challenges.
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HM Treasury launches consultation on effectiveness of Money Laundering Regulations
New proposals aim to reduce ambiguity and lead to a reduction in over-compliance or inconsistent application.
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UAE removed from FATF money laundering, terrorism financing watchlist
But removal of the country from watchdog’s gray list prompts criticism from global anti-corruption groups.
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FinCEN’s Andrea Gacki testifies in Congress, offers insight into agency’s 2024 agenda
The FinCEN director highlighted her agency’s work on beneficial ownership reporting requirements, customer due diligence, and countering terrorism.
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Crypto wrap: Korean crime soars, FCA alerts, Hamas crypto use overestimated
50% rise in Korean cryptocrime, 10,000 ads withdrawn after FCA alerts, Hamas’s crypto financing not as widespread as implied.