What do newly approved anti-money laundering rules cover?
WEBApr 24, 2024 · EU lawmakers today voted 482 to 47 to set up a long-promised EU anti-money laundering agency, as part of a package that would also see large cash payments banned across Europe.
New EU rules to combat money-laundering adopted
WEBApr 24, 2024 · To supervise the new rules on combatting money laundering, a new authority - the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) - will be established in Frankfurt. AMLA will be charged with
Anti-money laundering: Council and Parliament strike deal on ...
WEBJan 18, 2024 · The Council and Parliament found a provisional agreement on parts of the anti-money laundering package that aims to protect EU citizens and the EU's financial system against money laundering and terrorist financing. This agreement is part and parcel of the EU’s new anti-money laundering system.
Money Laundering Poses a Risk to Financial Sector Stability ...
WEBSep 4, 2023 · No financial institution or country is immune. Money laundering scandals caused bank collapses and shocked countries. Ultimately, society pays the cost through an erosion of trust in the integrity of the financial system, often leading taxpayers to subsidize failing banks and limiting customer access to credit.
Commission welcomes political agreement on the Regulation ...
WEBDec 13, 2023 · The Commission welcomes the provisional agreement reached today between the European Parliament and the Council on the Commission's proposal to establish an EU anti-money laundering and countering terrorism financing (AML/CFT) Authority in the form of a decentralised EU regulatory agency (AMLA).
US financial regulators propose anti-money laundering rules ...
WEBMay 14, 2024 · Two U.S. financial regulators jointly proposed new rules on Monday that would fight money laundering by requiring fund advisers to document customer identities, part of a wider effort to keep ...
In America, there is finally good news on the anti-money ...
WEBFeb 27, 2024 · Private equity, hedge fund and venture capital markets have spent decades dodging even basic anti-money laundering checks. The sector, which has nearly doubled in size over the previous decade...
New UK transparency laws will target money launderers and ...
WEBNov 3, 2023 · The United Kingdom has passed landmark transparency reforms intended to crack down on criminals and bad actors seeking to exploit weaknesses in the country’s financial system to hide their identities and launder the proceeds of crime.
Japan to Implement FATF's Crypto Anti-Money Laundering ...
WEBMay 24, 2023 · Japan is set to implement stricter anti-money laundering measures, including the so-called "travel rule" of the Financial Action Task Force (FATF) from June 1, according to local news outlet...
Changes to UK supervision rules ‘risk encouraging money ...
WEBNov 12, 2023 · Most of the UK government’s plans to overhaul the supervision of anti-money laundering rules would be counter-productive and damaging to the fight against dirty money, accounting bodies have...
