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The Artificial Intelligence (AI) Act in Europe (EU): Key Elements

On Wednesday, 13th March 2024, the European Parliament approved the Artificial Intelligence (AI) Act. The regulation was agreed in...

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New Proposed AML/CFT Rules for US Investment Advisers: What You Need to Know

The Financial Crimes Enforcement Network (FinCEN) has introduced a transformative proposal that is set to redefine the regulatory...

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AML News: Lawyer Sentenced To 10 Years In Prison For Laundering $400 Million Of OneCoin Fraud Proceeds - Lessons learned

Lawyers play a crucial role in the financial world. They are gatekeepers of the financial system, ensuring that financial transactions...

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UK's Amendment to High-Risk Third Countries Definition

On 22nd January 2024, HM Treasury issued a notice which amends the UK's definition of "high-risk country"to align with the list...

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Lessons learned from AML penalties issued in 2023

This article appears as the "Discussion of the month" topic in AML News and Updates Newsletter - January 2024 edition which can be found...

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Web 3: What Compliance Professionals need to know

Web 3 has gained significant traction in recent years, attracting users and businesses alike. Its decentralized nature, where power is...

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Crypto Compliance: What Can We Learn from Binance's Problems?

This article appears as the "Discussion of the month" topic in AML News and Updates Newsletter - December 2023 edition which can be found...

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Deepfakes - an evolving threat for financial institutions

Imagine a friend of yours asking for a video call. You accept – besides, you know this person very well. During the video call, the...

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Crowdfunding – Why is it vulnerable to Terrorist Financing?

Crowdfunding is a method of raising funds from a large number of people, typically via the internet, for a specific project or venture....

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Bulgaria was added to the Financial Action Task Force (FATF) "grey list"- why?

Bulgaria was added to the Financial Action Task Force (FATF) "grey list" of countries subject to increased monitoring in October 2023,...

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