Financial Crime

Money Laundering: Due Diligence Risk Factors

Under Article 17 (‘simplified due diligence’) and Article 18(4) (‘enhanced due diligence’) of the fourth Money Laundering Directive (2015/849), the European Supervisory Authorities (ESAs) are required to issue guidelines to […] [...]

Cyber Security 101: Educate

AIMA, the Alternative Investment Management Association, launched its Guide to Sound Practices for Cyber Security yesterday with a panel discussion hosted by MacFarlanes. The guide is relatively short for such […] [...]

AML Regulations for Registered Investment Advisers

On 25 August 2015, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, proposed new rules (the Proposed Rules), requiring “certain” registered investment advisers […] [...]

Money Laundering – Gold

FATF has produced a report on the gold sector as a result of what is seen as a transition of money laundering and terrorist financing from the formal financial sector […] [...]

Nearly There Fourth Money Laundering Directive

The last edition of Regulatory Roundup (Issue 64) advised that following approval by the European Council the (fourth) Money Laundering Directive was now awaiting adoption by the European Parliament (EP). […] [...]

Financial Crime – A Guide for Firms

Background The FCA has published a revision to “Financial Crime: a guide for firms”, effective from 27 April 2015. The amendments come against a backdrop of two thematic reviews published […] [...]

HM Treasury AML and CTF Report 2013 to 14

With ‘financial crime’ having joined the FCA’s top seven risks – see the article on the FCA Business Plan in this Regulatory Roundup – the publication by HM Treasury of […] [...]

Fourth Money Laundering Directive

As an update to the article in Regulatory Roundup 61 on the progress of the (fourth) Money Laundering Directive (‘4MLD’), the European Council (‘EC’) has recently issued a press release. […] [...]

It may be recalled that last November the FCA issued Guidance Consultation GC14/7 (see Regulatory Roundup 60) proposing amendments to Parts 1 & 2 of the Financial Crime Guide (FC). […] [...]

Market Abuse Asset Management Firms

The FCA has published its thematic review findings on controlling the risk of market abuse in asset management firms – “Asset management firms and the risk of market abuse” (TR15/1). […] [...]

Fourth Money Laundering Directive

The (fourth) Money Laundering Directive (4MLD) continues to progress through the European machinery following a deal having been struck by the European Parliament and European Commission just before Christmas. A […] [...]

Money Laundering: Transparency and Beneficial Ownership

Firms will be aware that the key requirement in applying customer due diligence measures (CDD) for the prevention of money laundering (and, of course, combating terrorist financing) purposes is the […] [...]

Financial Crime

The FCA’s Financial Crime Guide (FC) consists of two parts, with part 2 providing summaries of thematic reviews and examples of good and poor practice. The Regulator has published a […] [...]

Anti-Money Laundering Guidance Update

Part II of the Guidance issued by the Joint Money Laundering Steering Group contains sectoral guidance relating to various businesses such as discretionary investment managers and execution-only stockbrokers. It is […] [...]

FCA secures fine of £3.2M for insider dealers

Seven insider dealers have been ordered to pay £3.2 million following a court case bought by the FCA. According to the FCA, the seven men obtained market sensitive information from […] [...]

Standard Chartered AML ban

The UK bank, Standard Chartered has been barred from processing certain transactions on behalf of clients as part of a $300m settlement with the New York banking regulator. As part […] [...]

Suspicious Activity Reports

The National Crime Agency, whose remit now includes those areas which were previously the responsibility of SOCA, has recently produced guidelines on the submission of suspicious activity reports (SAR), including […] [...]

Suspicious Transaction Reporting

Whilst MAR 1 contains guidance on market abuse, the requirement to submit a suspicious transaction report is set out in SUP 15.10. Currently SUP 15.10.2 applies to any firm arranging […] [...]

AML and ABC: Asset Management

An FCA thematic review of Anti-Money Laundering (AML) and Anti-Bribery and Corruption (ABC) Systems and Controls (TR13/9) has identified common weaknesses and the regulator has expressed concern over their findings. […] [...]

Money Laundering: HMT Notice

Firms, and in particular MLROs, should be aware that HM Treasury has updated its advisory notice on overseas jurisdictions which have unsatisfactory money laundering and terrorist financing controls. The notice […] [...]

Tag: Financial Crime

INSIGHTS & EXPERTISE

NEWS & EVENTS

Subscribe for Exclusive Regulatory News and Updates

Member of:

Accredited by:

Member of:

Accredited by:

Global Offices

Complyport UK – Headquarters, London Office

Complyport EU – Nicosia Office

Complyport EU – Limassol Office

Complyport UAE – Dubai Office

Complyport India – Mumbai Office

Complyport Mauritius – Port Louis Office