JD Supra

The new EU Anti-Money Laundering Regime: implications for life insurers and insurance intermediaries

Scope of Obliged Entities – The AML Regulation expands the definition of ‘obliged entities’. Financial institutions listed in Article 2(6) of the AML Regulation, which includes life insurers and ...
Capital Brief

Government to delay anti-money laundering deadlines to 2029

The Department of Home Affairs has quietly approved a multi-year grace period for tougher reporting obligations, amid ...
Compliance Week

Risk-Based AML only works if the C-suite agrees what ‘risk’ means

There is a palpable tension that governs most financial crime programs in the United States. Banks build their AML programs on the principle of risk-based compliance. They say it to regulators, write ...

Busway Introduces Lower-Cost AML and KYC Screening Platform Using Machine Learning

According to the company, the increasing reliance of banks and financial institutions on external AML and KYC platforms has contributed to higher industry pricing. Busway is positioning its platform ...
Opinion

The impact of South Africa's new tax structure on anti-money laundering efforts

Explore how South Africa's proposed tax increases could inadvertently heighten risks of tax evasion and challenge anti-money laundering efforts, amidst a backdrop of financial instability and ...
JD Supra

Title Insurance › Anti-Money Laundering › Currency Transaction Reports (CTR)

In its 2020 National Strategy for Combating Terrorist and Other Illicit Financing (“2020 Strategy”), the U.S. Department of Treasury (“Treasury”) has laid out ...