Regulations

Discover the core categories of the FATF's 40 Recommendations, highlighting legal frameworks, customer due diligence, risk assessment, reporting channels, and international cooperation.

One of the European Union's (EU) most important organs, the European Commission (EC) has released the third edition of its Supranational Risk Assessment Reports (SNRAs) and it covers the issues with anti-money laundering (AML) and counter-terrorism financing (CTF) more in detail than ever before.

As of 2022, money laundering continues to be one of the most committed crimes around the world. Such crime attempts are still being tried in significant amounts. Nonetheless, it can be seen that the greater the attempt, the greater the fine.

The Dutch government pursues an approach that recognizes that the usage of illicit substances is an unavoidable part of life in today's culture and embraces this reality. The official responses are geared on mitigating the damage done to individuals and the community. The amended Opium Act of 1976 serves as the foundation for the nation's drug policy.

US Department of the Treasury's FinCEN fine the first violation of Geographic Targeting Order (GTO) on March 31, 2022. Here you can find information about Fincen and Bank Secrecy Act.

OFAC issued guidance on sanctions compliance for instant payment systems, emphasizing a risk-based approach and innovative technologies.

The European Union Commission announced that the 8th package of sanctions against Russia was accepted in the Council.

At the last general assembly meeting of the FATF, which was held with delegates from more than 200 jurisdictions between 14-17 June 2022, the sanctions to be applied to Russia, the evaluation of Germany and the Netherlands were discuss.

FATF shared a report on its updates regarding the examination of jurisdictions' implementations of Travel Rule and their improvements by focusing on VAs and VASPs.