BelgiumBrazil’s Igarapé Institute published a report that analyzes the anti-money laundering systems of Brazil, Colombia and Peru and how well those controls help combat environmental crimes in the Amazon and elsewhere.
The European Securities and Markets Authority published a guiding document under the Markets in Crypto-Assets Regulation, or MiCA.
Dutch Finance Minister Questions Banking Lobby’s Intelligence-Sharing Plan
The Dutch Finance Minister has poured cold water on a proposal by banks in the Netherlands to dramatically increase intelligence-sharing with local law enforcement agencies so they can refocus their compliance programs on clients who pose the highest risk of criminality.
Latvian FIU Takes Leading Role in Russia Sanctions Regime
FIU Latvia director Toms Platacis and Koos Couvée, ACAMS moneylaundering.com‘s bureau chief in London, discuss the agency’s new sanctions responsibilities, how they fit with its traditional remit and the challenges ahead.
The Reserve Bank of India penalized the West Bengal, India-based bank for failing to adhere to its anti-money laundering obligations.
The Commission de Surveillance du Secteur Financier imposed a €785,000 administrative fine on the Luxembourg-based investment firm for failing to comply with anti-money laundering and counterterrorist financing obligations.
| Technical | Effectiveness |
|---|---|
| Compliant : 21 | High : 0 |
| Largely Compliant : 16 | Substantial : 4 |
| Partially Compliant : 3 | Moderate : 7 |
| Non-Compliant : 0 | Low : 0 |
Belgium's technical compliance was re-rated in a Sept. 3, 2018 follow-up report
| Rank : 16/110 |
| Score : 3.94/10 |
| Rank : 15/179 |
| Score : 76/100 |
| Rank : 50/133 |
| Score : 45/100 |