May 8, 2024
The legal profession is being urged to maintain vigilance in identifying suspicious activity in property transactions after research indicated a 13% year-on-year decline in the number […]
May 7, 2024
Toronto-Dominion Bank, Canada’s second-largest lender, has announced an initial provision of $450 million in relation to ongoing US investigations into its anti-money laundering (AML) measures. The […]
May 1, 2024
The Financial Action Task Force (FATF), the leading international body setting standards for anti-money laundering and combating the financing of terrorism, has upgraded the United States’ […]
April 29, 2024
In significant regulatory news, the Luxembourg financial services watchdog, CSSF (Commission de Surveillance du Secteur Financier), has imposed a hefty fine on Fuchs & Associés Finance […]
April 25, 2024
As the financial world evolves, so too does the landscape of Anti-Money Laundering (AML) regulations. The year 2024 marks a significant period of regulatory reform, with […]
April 23, 2024
In a revealing annual survey conducted by the Law Society of Scotland, a significant majority of Scottish solicitors expressed deep concerns about the Scottish Government’s proposal […]
April 22, 2024
HM Treasury is currently re-evaluating the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs), with the aim of enhancing “proportionality” and adding “additional […]
April 19, 2024
In a significant crackdown on financial fraud, a few weeks ago, authorities arrested eight individuals linked to an organised crime group accused of swindling nearly £8 […]
April 19, 2024
The UK’s HM Revenue and Customs (HMRC) has recently taken significant enforcement action against over 250 agencies for non-compliance with Anti-Money Laundering (AML) regulations. These fines, […]