The AML Compliance Officer and accounting leadership should co-own key control interfaces. This includes data standards, reconciliation rules, escalation thresholds, and periodic control assurance ...

The Financial Crimes Enforcement Network (FinCEN) and the federal banking agencies recently published the long-awaited notice of proposed rulemaking for the anti-money laundering/countering the ...

UNODC will continue to support Uzbekistan and the wider region in strengthening national financial investigation and asset ...

FinCEN’s announcement clearly reflected its sensitivity to industry concerns. It acknowledged that AML/CFT Rules “must be effectively tailored to the diverse business models and risk profiles of the ...

Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism (AML/CFT) programs under a new rule proposed by ...

The European Banking Authority (EBA) recently came with updated Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) guidelines. These are extended to encompass all crypto-asset services ...

Sri Lanka has never before witnessed such high levels of political will and commitment, along with interagency coordination to combat money laundering, experts say.

BRAC Bank PLC has organised an awareness programme titled "Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT)" for its board of directors and senior management at the bank's ...

The Treasury Department might propose new regulations for financial institutions aimed at discouraging banks from shutting out large swaths of potential banking customers because of risk concerns, an ...

Nigeria's long-anticipated removal from the European Union's list of high-risk jurisdictions for money laundering and terrorism financing is more than a symbolic victory. Not a few people see it as a ...

Bank Negara Malaysia (BNM) has taken four enforcement actions, with penalties and compounds imposed on two financial institutions and two firms for failures to comply with Anti-Money Laundering and ...