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Financial Crime, FATF, IMF, Deutsche Bank, Money Laundering, Crypto

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Welcome to our weekly newsletter focused on providing you with the latest news and insights on risk, AML, regulatory technology, and financial crime compliance.

We begin with a piece which highlights Beijing’s efforts to combat financial crime cases, implementing stricter regulations and seeking stronger control over illicit activities in the financial sector. Next, UAE set to be removed from FATF grey list in the next evaluation, signalling improved compliance with international anti-money laundering and counter-terrorism financing standards.

Moreover, Top Lebanese official in IMF talks urges central bank audit, as country grapples with economic crisis and seeks financial assistance. Furthermore, Deutsche Bank to pay USD 75 million settlement over its relationship with Jeffrey Epstein, addressing allegations of inadequate anti-money laundering controls.

Moving forth, UAE convicts 13 Indians for money laundering and tax evasion of AED 510 million, highlighting efforts to combat financial crimes and enforce regulations. Lastly we speak about the E’s approval on regulations to enhance traceability of crypto asset transfers, aiming to prevent money laundering, terrorist financing, and other illicit activities.

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