AML Fines

Recent fines imposed by both US and UK regulators indicate that the authorities are cracking down on inadequate anti-money laundering controls, even when no evidence exists of firms actually handling laundered proceeds. In 2019, the last full year of available …

Sanctions compliance for banks in the age of crypto-assets

Cryptocurrencies are increasingly becoming part of modern day society. However, the characteristics of cryptocurrencies offer a level of anonymity that makes them particularly attractive to criminals. Sanctioned actors are known to be using crypto-assets to evade and by-pass sanctions. As …

News round-up: Feedback on 5MLD, wildlife trafficking, AML risk in capital markets…

5th Money Laundering Directive – did you have your say? The big news in this past week was the Monday 10th June deadline for responses to the HMT consultation paper on the implementation of the 5th Money Laundering Directive in …