Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 15 AUGUST 2022

Market Intelligence Thought Leadership Award Winner

Why Global Anti-Money Laundering Management Is Imperative

Horizons Corporate Advisory Co Ltd
Explore more from Horizons Corporate Advisory Co Ltd

Accelerated digitalization has simultaneously benefited economies and triggered criminal behavior. In finance, the anonymity of finance technology is increasing criminal activities such as money laundry...

GlobalGovernment, Public Sector
Roberto Gilardino
Roberto Gilardino
Author LinkedIn connections

Horizons named ‘Best Cross-Border Corporate Finance Advisors' by Wealth & Finance, Ethical Finance Awards.

Accelerated digitalization has simultaneously benefited economies and triggered criminal behavior. In finance, the anonymity of finance technology is increasing criminal activities such as money laundry and terrorist financing. Hence, jurisdictions around the globe are stepping up efforts to regulate finance-related crime – anti-money laundering (‘AML'). Generally, regulations subject both companies and financial institutions to stricter compliance procedures. And failure to satisfy provisions can result in high penalties and criminal liabilities. 

Horizons named as Best-Cross-Border Corporate Finance Advisors by Wealth & Finance, Ethical Finance Awards is advancing a world-wide AML compliance program. By working with global CCG partners, Horizons are building a robust framework for companies to meet AML laws around the world. Tougher provisions

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Typologies Of Money Laundering And Terrorist Financing By COAF

Brazil has built a comprehensive legal framework to combat money laundering and terrorist financing, anchored by Law #9,613/98 and strengthened by Central Bank Circular #3,978/2020. The Financial Activities Control Council (COAF) serves as the nation's intelligence hub, analyzing 87 distinct laundering typologies that span corporate structures, cryptocurrency transactions, real estate schemes, and cash-based operations. Understanding these regulatory mechanisms and criminal patterns is essential for financi
BrazilGovernment, Public Sector
Licks Attorneys
Licks Attorneys
Article

Morosidade Administrativa No Registro De Agroquímicos: A Judicialização Como Medida De Socorro à Inércia Dos Reguladores

A morosidade no registro de agroquímicos no Brasil persiste mesmo após ampliação dos prazos legais, levando empresas a recorrerem ao Poder Judiciário para combater a inércia administrativa. O artigo examina como a judicialização tem se tornado estratégia essencial para assegurar a conclusão de análises técnicas em prazo razoável, especialmente diante do backlog significativo no IBAMA.
BrazilGovernment, Public Sector
Licks Attorneys
Licks Attorneys
Article

Produtos químicos controlados têm nova regulamentação da PF

A Polícia Federal publicou nova instrução normativa que moderniza o controle e fiscalização de produtos químicos no Brasil, estabelecendo pela primeira vez faixas claras de multas, critérios objetivos de dosimetria e procedimentos padronizados para penalidades. As mudanças impactam fabricantes, importadores, exportadores e demais operadores do setor, que agora enfrentam regras mais rigorosas sobre comunicação de irregularidades, suspensão e cancelamento
BrazilGovernment, Public Sector
KLA Advogados
KLA Advogados
Article

Brazilian Markets Reflect Optimistic Business Outlook Ahead Of Key Runoff

Markets in Brazil surged following Flavio Bolsonaro's strong first-round performance in the presidential elections, with investors pricing in the likelihood of a conservative shift in Brazilian politics. The election results revealed significant gains for right-wing parties in Congress, potentially reshaping Brazil's domestic policy, regional alliances, and international economic relationships. How will a possible Bolsonaro presidency impact fiscal reforms, US-China relations, and Brazil's role in global in
BrazilGovernment, Public Sector
Steptoe LLP
Steptoe LLP
Article

Reavaliação de agroquímicos e devido processo legal administrativo

A recent decision by Brazil's Federal Regional Court of the 1st Region confirms that the Ministry of Agriculture holds final authority over agrochemical use decisions following environmental assessments by Ibama. This ruling addresses regulatory inconsistencies in the re-evaluation process of active ingredients, particularly regarding imidacloprid, and establishes that uniform treatment must apply to both registered products and new registration requests.
BrazilGovernment, Public Sector
Licks Attorneys
Licks Attorneys
Article

Mercados preditivos e a sina dos modelos de negócios inovadores no Brasil

Regulatory authorities in Brazil have moved to restrict prediction markets before conducting thorough analysis of their nature and potential benefits. This reactive approach follows a familiar pattern in the country, where innovative business models face resistance and are often forced into pre-existing legal categories that don't fit, potentially causing Brazil to miss out on a rapidly growing global market worth billions of dollars.
BrazilGovernment, Public Sector
Licks Attorneys
Licks Attorneys
Article

Coaf intensifica fiscalização sobre grifes de luxo e montadoras: multas milionárias por falhas na prevenção à lavagem de dinheiro

O Conselho de Controle de Atividades Financeiras aplicou multa de R$7,4 milhões à Stellantis por descumprimento de regras de prevenção à lavagem de dinheiro, sinalizando uma ofensiva mais ampla contra empresas de luxo e montadoras. As penalidades focam em falhas nos controles obrigatórios de reporte de transações atípicas, cadastro de clientes e políticas formais de PLD, destacando a necessidade urgente de revisão dos controles internos pelas partes obr
BrazilGovernment, Public Sector
Saud Advogados
Saud Advogados