Tag: Q1 Spring issue – March 2019
Does the EU need a new AML Authority?
In the wake of a number of recent high profile money laundering scandals, that involved EU based Banks, the EU is proposing to extend powers…
Book Review – The Sarawak Report by Clare Rewcastle Brown
The Sarawak Report (available here) by eco journalist Clare Rewcastle Brown (CRB) describes her investigations to uncover the 1MDB scandal which has been described as…
FATF – Country Evaluation Results – Part 1
&With results on more than 70 Countries published and updated relating to technical compliance with the FATF 40 Recommendations as well as on effectiveness based…
EU Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance
The EU Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) concluded a 12 month study and presented recommendations to overhaul current systems…
EU Country Designations Rejected
In February, 2019 the EU Commission published a list of 23 Countries, which it believes have strategic deficiencies in their AML/CTF regimes and as such…
FinCEN Director Speaks at SIFMA AML Conference
FinCEN Director, Ken Blanca’s presented remarks to the SIFMA AML conference in Feb 2019, were of particular interest in that they focussed on regulatory reform…
The United for Wildlife’s Financial Taskforce
The Royal Foundation’s United for Wildlife’s Financial Taskforce was launched in Q4 2019 in order to help target organised crime and the proceeds of the…
Sanctions Screening Guidance
The Guidance was published in Jan 2019 and highlights: • whilst sanctions screening is a primary control, it is not foolproof and needs to be…
FATF Countries of Concern
Countries where FATF has called for counter measures remains unchanged with both North Korea and Iran still listed. That said counter measures on Iran had…
Bank’s Alliance on AHT
Building on the success of AHT toolkits designed to be used by Banks & other financial institutions, via multi stakeholder working groups established and co…
