New ZealandThe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published its sixth enhanced follow-up report and technical compliance re-rating of Slovenia’s anti-money laundering and counterterrorist financing regime.
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published a follow-up report concerning the progress of Georgia on improving anti-money laundering and counterterrorist financing measures.
German, EU Officials Discuss Sweeping AML Reforms
A German official said Tuesday that his agency is “already investing” resources into helping the Anti-Money Laundering Authority, the EU’s impending, bloc-wide AML regulator, begin facilitating regular exchanges of financial intelligence upon launching next year.
US Cryptocurrency Cases Expose Divide Between FinCEN, Justice Department
A pair of federal indictments against cryptocurrency executives in Manhattan that appear to define the act of “mixing” cryptocurrency as a form of money transmission could be read to outlaw routine blockchain functions, critics of the cases told ACAMS moneylaundering.com.
SAR Surge Inundates Switzerland’s FIU
The Federal Reserve Board and the Montana Division of Banking and Financial Institutions entered into a written agreement with the Butte, MT-based bank that requires it to improve risk management and compliance with the Bank Secrecy Act and related anti-money laundering regulations.
The Monetary Authority of Singapore penalized the Central Region, Singapore-based wealth and fund management company for breaches of its anti-money laundering and counterterrorist financing obligations.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 2 |
| Largely Compliant : 21 | Substantial : 4 |
| Partially Compliant : 11 | Moderate : 5 |
| Non-Compliant : 0 | Low : 0 |
New Zealand's technical compliance was re-rated in a May 31, 2022 follow-up report
| Rank : 10/110 |
| Score : 3.53/10 |
| Rank : 1/179 |
| Score : 88/100 |
| Rank : 57/133 |
| Score : 59/100 |