Virtual assets, which are still new and in their infancy, continue their rapid development.
On December 17, 2020, the UK Government published the 2020 UK National Risk Assessment (NRA) on money laundering and terrorist financing.
The German Federal Government has prepared the Draft Law for the Effective Trial of Money Laundering to implement the EU's 6th AML Directive.
Money laundering takes place with large amounts of money. Real estate is one of the sectors where large amounts of money are used the most.
Throughout history, some banks have been subject to money laundering scandals, but some are never forgotten.
During the Covid-19 process the economic recession has certain effects on compliance activities.
Each government has specific regulations for sectors. Institutions are required to comply with these regulations.