MLROs.com’s Money Laundering News

Fintech’s Financial Crime: Collaboration v Constraints

Fintech’s Financial Crime: Collaboration v Constraints Forward written by David Pelled- CEO, MLROs.com  This article has been written by one of our regular members James Emin James has been looking at the bigger picture and how the whole...

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ESAs Publish AML/CFT Cooperation Guidance

ESAs Publish AML/CFT Cooperation Guidance   The ESAs have published guidelines for supervisors designed to ensure effective cooperation and information exchanges between supervisors to combat money laundering and terrorist finance.  The...

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European Council Set Out Next AML Actions

European Council Set Out Next AML Actions   The European Council has adopted new priorities on AML and CFT measures, in which MLD5, CRD5 and the ESAs will be critical. The Council now wants the Commission to look at how it can further enhance...

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FCA: New Form (Cyber Resilience Questionnaire)

FCA: New Form (Cyber Resilience Questionnaire)   The FCA has published a new cyber resilience questionnaire. The questionnaire must be completed by competent parties and signed-off at board level as a “true and accurate reflection of the...

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Basel Committee Consults on AML Co-Operation

Basel Committee Consults on AML Co-Operation   The Basel Committee on Banking Supervision is consulting on draft guidelines on interaction and cooperation between prudential and AML/CFT supervision. It wants to enhance the effectiveness of...

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FATF Consults on Digital Identity

FATF Consults on Digital Identity   FATF is consulting on the use of digital ID systems for CDD.  It has published some currently unapproved guidance and is asking for views on a number of key issues. It asks for comment by 29 November....

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SRA Calls for more AML Action

SRA Calls for more AML Action   The Solicitors’ Regulation Authority has updated its warning notice to solicitors, stressing the need to have in place appropriate AML measures.  Despite previous warnings, it still found many firms did not...

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Treasury Committee Calls for Bank Actions on COP and Financial Crime Prevention

Treasury Committee Calls for Bank Actions on COP and Financial Crime Prevention   The Treasury Committee has published its response to the second strand of the Economic Crime enquiry, looking at the effects of financial crime on consumers. ...

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Treasury Updates High-Risk Jurisdictions

Treasury Updates High-Risk Jurisdictions   Treasury has updated its AML advisory notice, following the recent FATF meeting.  There is no change to the advice on North Korea and Iran.  The counties in relation to which Treasury recommends...

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Regulatory Risks of Stablecoins in Focus

Regulatory Risks of Stablecoins in Focus   The emergence of global stablecoins has been a focus point over the past few days, with the FSB, FATF and the G7 Working Group on Stablecoins all publishing statements on the impact and risks of the...

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