Compliance

FinCEN's latest report reveals alarming evasion trends in Russia-related export controls.

Discover the key outcomes of the FATF Plenary in June 2023, focusing on AML/CFT.

Danske Bank was fined €1,820,000 by the Central Bank of Ireland on 13 September for three violations of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (CJA).

On January 7, 2022, the European Commission withdrew Ghana from the EU Blacklist by recognizing that country no longer had strategic shortcomings in its AML/CFT regimes.

Despite recent state efforts to prevent money laundering and terrorist funding, the UAE is at risk  to be added to FATF's list of nations exposed to increased monitoring.

The European Court of Auditors recently warned that current anti-money laundering measures are "insufficient" in the banking sector. Yet, looking at the international panorama of banking scandals of the last decade or so, it seems that it is convenient for banks to risk, incur penalties and pay.

Japan is implementing a new AML compliance program built on artificial intelligence algorithms in 2021.