Jul 10, 2024 AML compliance in the UK: Court of Appeal Decision throws a spotlight on the adequate consideration exemption By Ben Morgan Ali Sallaway Caroline Doherty de Novoa Laura Feldman +1 more... Show less A recent Court of Appeal decision [1] on the UK Proceeds of Crime Act (POCA) has provoked significant interest given its focus on the...
May 13, 2024 Update: The EU keeps the ball rolling in its battle against money laundering – next on the agenda: professional football By Jan Struckmann Marcel Michaelis Mathis Schwarze Professional football is not just an entertaining happening for millions of fans around the world; it is also a big money game. During...
Apr 06, 2023 A Speedboat for AML enforcement By Norbert Nolte Daniel Travers Marcel Michaelis In August 2022, Germany’s finance minister, Christian Lindner, announced a new federal agency, the Higher Federal Authority for Combating...
Nov 24, 2022 Updated with CJEU clarification: public access to UBO registers across the EU ruled invalid By Silvia Van Dyck Eva Schneider Marcel Michaelis Jan Struckmann +1 more... Show less In the past years, the EU legislator has gone quite far in its anti-money laundering (AML) and counter terrorist financing (CTF) efforts....
Oct 11, 2022 AML update: Germany needs to pick up speed By Alicia Hildner Daniel Travers Moritz Pellmann It is said to have been one of the hottest summers in Germany since weather records were kept - the heated atmosphere in the money...
Aug 16, 2021 The EU’s proposed AML law: the impact on crypto-asset service providers By Alexander Glos Marius Raetz Corinna Wiedenmann Daniel Klingenbrunn +1 more... Show less The growing popularity of crypto-assets has led to their increasing use in money-laundering schemes. A Europol study cited in the...
Aug 10, 2021 Another EU-wide supervisory body on the way – the Commission’s proposals for an AML authority By Alexander Glos Janina Heinz Marius Raetz Victor Garcia Lopez Marcel Michaelis Corinna Wiedenmann +3 more... Show less This year has seen the European Commission propose various changes to the way certain ‘obliged entities’ are supervised. For example, the...
Jul 30, 2021 FCA Business Plan 2021/2022: is the regulator set to continue its assertive streak? By Christopher Robinson Charles Mondelli Emilio Salice The FCA has published its business plan for 2021/2022. This sets out its priorities for the coming financial year (and beyond) and is...
Jul 29, 2021 FCA’s “Dear CEO” letter on AML failings at UK Firms By Christopher Robinson Laura Feldman FCA sets out themes it has identified from recent assessments of retail banks’ financial crime systems and controls The FCA has...
Jul 20, 2021 EU publishes legislative package to overhaul anti-money laundering and counter-terrorist financing legislation By Marcel Michaelis Daniel Travers Marius Raetz Janina Heinz Victor Garcia Lopez Eugene McQuaid +3 more... Show less Combating money laundering has long been high on the EU’s legislative agenda. In our May 2020 blogpost, we outlined the European...
Jul 15, 2021 UAE anti-money laundering/counter-terrorist financing compliance and enforcement: recent and future developments By Zara Merali Kim Rosenberg Scheherazade Shiraz Given the UAE’s central role in the global trade of oil, gold and diamonds, it faces significant anti-money laundering (AML) and...
Mar 10, 2021 Germany’s new transparency register – what you should know By Marcel Michaelis Norbert Nolte Daniel Travers Are your company’s German entities listed in Germany’s transparency register (Transparenzregister)? If you’re not sure, you can check the...