Regulatory Capsule
FinCEN Alert On Prevalent Virtual Currency Investment Scam
The Financial Crimes Enforcement Network (FinCEN) has released an alert on a widespread virtual currency investment scam called "Pig Butchering....
22 September 2023
·
Regulatory Capsule
OFSI Financial Sanction: General Guidance
The Office of Financial Sanctions Implementation (OFSI) has published a financial sanctions guidance outlining the obligations under financial sanctions as...
15 September 2023
·
Regulatory Capsule
Digital Asset Anti-Money Laundering Act
The Digital Asset Anti-Money Laundering Act, legislation that would reduce the risks that digital assets pose to US national security...
8 September 2023
·
Regulatory Capsule
Guyana Compliance Commission Act of 2023
Under Article 14, the Guyana Compliance Commission Act of 2023 was passed by the National Assembly of Guyana on 3...
1 September 2023
·
Regulatory Capsule
Financial Action Task Force (FATF) R.8/INR
The Wolfsberg Group, based in Switzerland, has provided comments on the draft amendments to the Financial Action Task Force (FATF)...
25 August 2023
·
Regulatory Capsule
National Anti-Money Laundering and Counter Financing of Terrorism Authority Act,...
The National Assembly of Pakistan passed the National Anti-Money Laundering and Counter Financing of Terrorism Authority Act, 2023....
11 August 2023
·
Regulatory Capsule
Guidance on Preventive Measures against AML/CFT
The Danish Gambling Authority has released a revised version of the guidance on preventive measures against money laundering of criminal...
4 August 2023
·
Regulatory Capsule
Reform Of UK AML/CFT Supervisory Regime
The UK's Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) regime, governing businesses regulated by the MLRs 2017, experienced shortcomings in professional body supervision....
28 July 2023
·
Regulatory Capsule
Africa Gold Advisory
The U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID)...
21 July 2023
·
Regulatory Capsule
Money Laundering Advisory Notice
The Money Laundering Regulations necessitate that UK-regulated businesses adhere to enhanced customer due diligence requirements when engaging with high-risk third...