New FATF president announces grey list changes for low income countries
The Financial Action Task Force (FATF) has announced significant changes to how countries are added to its grey list, with low-income nations […]
Starling Bank fined £29m by FCA for financial crime system failings
Starling Bank has been fined just shy of £29m for financial crime failings related to its sanctions screening systems. Starling saw rapid […]
India makes significant progress in AML/CFT measures
On 19 September 2024, a joint assessment by FATF, APG, and EAG highlighted that India has achieved a high level of technical […]
US seizes Venezuelan President Maduro’s plane
The United States has seized an aircraft linked to Venezuelan President Nicolás Maduro, claiming it was illegally purchased for $13 million and […]
VASP bill approved by Seychelles’ National Assembly
The Seychelles National Assembly has given the green light to a new bill aimed at regulating virtual asset providers. The bill, presented […]
AIA fined HK$23m for AML failures
Hong Kong’s regulatory body has imposed a penalty on the local division of the insurance behemoth AIA for failures related to anti-money […]
The Central Bank of Brazil to implement regulations for digital currency platforms by 2025
Brazil is nearing the completion of the process to establish regulations for virtual asset service providers (VASPs) and their involvement with cryptocurrency. […]
MONEYVAL acknowledges Jersey’s AML/CFT improvements
The Council of Europe’s anti-money laundering body MONEYVAL has praised Jersey for its efforts to enhance its legal and regulatory framework in […]
Argentinian cryptocurrency market to see stricter regulation
The Argentinian cryptocurrency market will see the introduction of a new law aimed at regulating the market, with the intention of curbing […]
FinCEN aims to strengthen US AML/CFT programmes
The Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury has put forth a proposal to enact specific elements of […]
Jamaica removed from FATF grey list
Jamaica has now been removed from the Financial Action Task Force’s list of Jurisdictions under Increased Monitoring or “grey list”, a group […]
Starling Bank takes legal action against bad debtors
Starling Bank has commenced legal action against two dozen bad debtors as it struggles with increasing defaults and scrutiny from the city […]