News

An official with the U.S. Financial Crimes Enforcement Network told attendees of the ACAMS Las Vegas Conference that finalizing beneficial ownership rules and advising banks on how to observe a list of national financial-crime concerns mandated by the Anti-Money Laundering Act constitute the bureau's top two priorities, ACAMS moneylaundering.com reported. More The Financial Action Task Force's upcoming evaluation of Switzerland's defenses against financial crime is the primary driver of the country's latest attempt to overhaul its AML regime and beneficial ownership requirements, sources told moneylaundering.com. More The U.K. Financial Conduct Authority fined digital lender Gatehouse Bank almost £1.6 million in...