289 results found

The establishment of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) represents a structural transformation of the European Union's AML/CFT framework.

The local anti-money laundering regulator, the Financial Intelligence Analysis Unit ("FIAU") has recently issued a new guidance note, primarily targeting the banking industry players...

On 22 March 2022, the EBA has published its second report which summarises the findings from its assessment of competent authorities' approaches to the AML and CFT supervision of banks.

On March 2, 2023, the European Union's Court of Justice (CJEU) affirmed the legitimacy of penalties and administrative actions levied by the Financial and Capital Market Commission (FKTK)...

On 19th June 2024, the EU has published the AML/CFT legislative package in its Official Journal, comprising of the following legislative texts...

On May 16, 2025, Malta enacted Act X of 2025, introducing significant amendments to the Company Service Providers Act (Cap. 529), marking a key milestone in strengthening and refining...

When leading a financial services entity, in particular within the company service provision, one needs to be aware of the consequences of business decisions that could undermine...

The Financial Action Task Force – better know by its acronym FATF – will be carrying out assessments of jurisdictions every six years instead of every decade, and will also be presenting key recommended action roadmaps to countries which do not get onto its greylist.

1.Social measures 2.Employment 3.Stamp Duty 4.VAT 5.Pensions 6.Environment 7.Capital Markets 8.Financial Services 9.Anti-Money Laundering 10.Artificial Intelligence, Cyber Security, Internet of Things

Harmonisation, transparency and the on-going fight against money laundering offences stems from the efforts to eradicate any loopholes of interpretation to mitigate episodes of money laundering across Member States.

In the case of subject persons, the five (5) day working period has been, for many years, synonymous with the time frame within which suspicious transactions...

The importance and the benefits of carrying out regular independent AML Audits.

In recent years, the demand for remote on-boarding of customers has increased considerably, especially following the COVID-19 pandemic.

When leading a financial services entity, in particular within the company service provision sector, one needs to be aware of the consequences of business decisions that could undermine...

The Members of the European Parliament (the "MEP"s) from the Economic and Monetary Affairs and Civil Liberties, Justice, and Home Affairs committees have recently...

The first thing to identify when carrying out an AML/CFT audit is who should carry out the audit.

The adoption of the Fourth Anti-Money Laundering Directive (the "4AMLD") in May 2015 represented a major step forward in the EU's efforts to combat money laundering.