CFT

Advance warning to firms recommends preparation for exams and warns of consequences in case of shortcomings in knowledge and expertise.

The broker-dealer failed to properly monitor more than 61,500 foreign currency wires after previously settling similar charges in 2018.

FIN-FSA has updated its guidance to emphasize evolving terrorist financing risks, calling on supervised entities to ensure correct risk assessment.

The final RTS establish common classification criteria for AML/CFT breaches as well as criteria for applying administrative sanctions and pecuniary penalties.

Regulator says the review sets out how AI could reshape retail financial services for consumers, firms, markets, and regulators by 2030 and beyond.

The government is integrating professional services into the FCA’s AML/CTF supervisory framework to improve efficiency and simplify a complex regulatory regime.

FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.

AMLA becomes a central authority for enforcing EU’s AML/CFT framework.