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New anti-money laundering platform launched in UK
Pay.UK’s Faster Payments team has announced the official launch of the anti-money laundering Mule Insights Tactical Solution (MITS) following a...
Anti-money laundering – blind justice or justice that turns a blind eye?
International efforts to combat money laundering – which latterly have been closely connected with frustrating tax evasion and aggressive tax...
Danske Bank in trouble over weak anti money-laundering controls
In a week that saw the Australian banking industry under scrutiny, Danske Bank has also been extensively criticised and reprimanded...
The 4th EU Anti-Money Laundering Directive becomes active
73% of financial crime professionals in UK financial services believe that the 4th EU Anti-Money Laundering Directive will make it...
Western Union settles $586m anti-money laundering fine
Western Union has agreed to settle $586m after admitting that it violated US anti-money laundering laws by ignoring evidence that...
Fourth Anti-Money Laundering Directive and revised Wire Transfer Regulation
On the 25 June 2015, a new package of EU Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation came into...
EC crack down on virtual currencies and prepaid cards
In an ill advised move, the European Commission is proposing expanding its anti-money-laundering rules to cover virtual currencies and prepaid cards,...