Regulation

A comprehensive guide to the US Anti-Money Laundering Act (AMLA), the most significant AML legislation passed by Congress in decades.

Recent arrests, fines, and regulatory censors suggest there is still a lot that the crypto and compliance communities can learn from one another. Regardless of the root cause or source of these external events, compliance professionals should transform mistakes into […]

5AMLD Implementation Remains Patchy The EU’s 5th Money Laundering Directive (5AMLD) was scheduled for translation into national law by 10 January 2020. Just over a year later, and after another update to the EU money laundering directive under the 6MLD, […]

The US Foreign Corrupt Practices Act (FCPA) is a federal law intended to prevent US citizens from bribing the government officials of foreign countries. The FCPA was enacted by Congress in 1977 in response to revelations by the Securities and […]

The Bureau of Industry and Security (BIS) list, also known as the ‘BIS Entity List’, sets out the specific foreign persons (including businesses, research institutions, government organizations, and other legal entities) that are subject to US government licensing and sanctions […]

In a changing financial landscape, challenger banks are disrupting the space occupied by traditional banks and financial institutions by offering an array of innovative digital services delivered online. In the United States, recent uptake of challenger bank services has been […]

In recent years, the rate at which new European Union (EU) Anti-Money Laundering Directives (AMLDs)  have emerged has increased significantly. This is in response to a number of influences on the regulatory environment, including innovation in the financial sector, the […]

Understanding the Monetary Authority of Singapore Omnibus Act: What You Need To Know On 21st July 2020, the Monetary Authority of Singapore (MAS) launched its Consultation Paper on the New Omnibus Act for the Financial Sector, setting out proposals for […]

One of the most significant events in the anti-money laundering history of the USA took place with the enactment of the 2020 AML Act (AMLA) on 1 January 2021.  AMLA’s passage was not without obstacles. Congress was forced to override […]

Cryptocurrencies or crypto-assets have gained a lot of popularity over the past few years. In particular, during the latter part of 2017 market capitalizations for many of the more prominent cryptocurrencies reached all-time highs. Along with their increased popularity, cryptocurrencies […]

For most of 2020, the focus of the media and general public has shifted away from Brexit and towards the Covid-19 pandemic. However, with 2021 just a few months away and the end of the UK’s “transition period” coming into […]

The European Union’s Fifth Anti Money Laundering Directive (5AMLD) came into force across all member states on 10 January 2020. The directive set out a range of requirements and amendments to EU AML legislation, including the introduction of a legal […]