by Jyotsna Bucktowar | May 29, 2024 | News
EU Council adopts landmark Corporate Sustainability Due Diligence Directive, introducing obligations for large companies regarding adverse impacts of their activities on human rights and environmental protection. Large companies must take their responsibilities in the...
by Jyotsna Bucktowar | May 28, 2024 | News
US Treasury publishes its National Illicit Finance Strategy 2024, outlining US sanctions developments and actions taken to implement recommendations from the 2021 Sanctions Review. The overall goals of the 2024 Strategy include maintaining momentum in modernising the...
by Jyotsna Bucktowar | May 25, 2024 | News
UK Finance releases its 2024 Annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. The sums of money stolen by criminals are vast and the impact on those affected is significant. Latest data indicates a...
by Jyotsna Bucktowar | May 24, 2024 | News
FINTRAC issues an advisory on the role of virtual currency automated teller machines in laundering the proceeds of crime. FINTRAC observed that once the funds were placed into virtual currency automated teller machine terminals, they were sent to multiple intermediary...
by Jyotsna Bucktowar | May 23, 2024 | News
FCA proposes to update its Financial Crime Guide on sanctions, proliferation financing and transaction monitoring. As firms operating in the UK’s AML regulated sector will be aware, the FC Guide aims to enhance understanding of the FCA’s expectations and...
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