In the COVID-19 process of countries, it is critical to implement FATF Standards fully and effectively.
FCA provides clarity in its PEP's manual on how companies should apply the definitions of a PEP in MLRs.
People Bank of China maintains a robust Anti-Money Laundering (AML) policy to protect the Chinese economy against increasing money laundering.
Businesses should scan their customers on Sanctions, PEP, and Watch lists to meet their AML requirements.
According to the researches, GDPR fines are mostly seen in Germany, France, and Austria
In the UK, the Financial Conduct Authority assumed oversight of the cryptocurrency's anti-money laundering and counter-terrorism financing activities.
Due to large fund flows through the insurance industry, insurance companies have to comply with AML regulations.
