FinCEN’s announcement clearly reflected its sensitivity to industry concerns. It acknowledged that AML/CFT Rules “must be effectively tailored to the diverse business models and risk profiles of the ...

The Financial Crimes Enforcement Network (FinCEN) and the federal banking agencies recently published the long-awaited notice of proposed rulemaking for the anti-money laundering/countering the ...

Under the revised EU AML/CFT package, institutions are expected to adopt more sophisticated, proactive approaches to ...

In a proactive move to bolster transparency and security within its operations, Samana Developers, a leading real estate company, has appointed Complyfin, a Dow Jones-affiliated solution provider ...

Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism (AML/CFT) programs under a new rule proposed by ...

The objectives of this guideline are to assist principals to develop and implement effective risk-based AML/CFT/CPF compliance programmes; and ensure that the agent(s) understand and comply with ...

The European Banking Authority (EBA) recently came with updated Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) guidelines. These are extended to encompass all crypto-asset services ...

While welcoming the EU’s decision, National Treasury cautioned that the delisting does not signify the end of all challenges ...

The Federal Government of Nigeria has hailed the decision of the European Commission to remove Nigeria from the European ...

The Cross River State Government has reaffirmed its zero-tolerance stance on corruption, money laundering and terrorism ...

Nigeria has been removed from the European Union’s (EU) list of high-risk third countries under its Anti-Money Laundering and ...