5MLD regulations
UK regulated firms are still not ready for 5MLD

Over half (55%) of regulated firms are facing penalties for non-compliance with the Fifth Money Laundering Directive (5MLD) that was introduced in January 2020, according to a recent survey of UK sectors that fall under the new regulations. The research …

Webcast: Can money laundering regulation help the crypto sector grow?

Cryptoassets are increasingly being adopted into mainstream financial services, but they must be subject to the same anti-money laundering (AML) standards as fiat currencies. This is all the more important given the relative anonymity and speed crypto transactions offer, which …

5TH EU MONEY LAUNDERING DIRECTIVE: Electronic Identification using a trust scheme (eIDAS)

Summary Following the publication of the 5th Money Laundering Directive (5MLD), the UK has transposed the changes into national law: The Money Laundering and Terrorist Financing (Amendment) Regulations 2019. 5MLD described a significant new option for electronic identification by using a …

News round-up: Shell companies, 5MLD, sanctions screening…

Not every shell contains a pearl… Using a web of shell companies is a common ‘tool of the trade’ for money launderers and a topic that is never far from the headlines. In just these last few weeks, Latvia – …

Special edition: Cryptocurrency in focus

Wham! In just a few short weeks cryptocurrencies have taken centre stage and grabbed the headlines. This begs a big question for many banks and other financial institutions, ‘can we afford to sit on the side-lines and ignore them?’ Probably …