New ZealandThe Dutch Authority for the Financial Market released its annual report for 2023, highlighting key initiatives and outcomes in various areas of financial supervision.
The Bank for International Settlement issued its revised and finalized Core Principles for Effective Banking Supervision.
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.
HM Revenue and Customs entered into settlements with six companies between January and March 2024, requiring them to pay a total of £1,307,823.16 for violations of the Export Control Order 2008.
The Reserve Bank of India penalized the West Bengal, India-based bank for failing to adhere to its anti-money laundering 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 |