Renowned U.S. lawyer and Middle East specialist Eric Lewis of Lewis Baach PLLC explains that the Iran sanctions landscape is about to get a whole lot more complicated Read More
17th September 2015
One of the outcomes of the recent FATF Plenary Meeting in Brisbane was the adoption of a new “Guidance for a Risk-Based Approach to Virtual Currencies”. The guidance follows on from the prelimary FATF report on virtual currencies released in June 2014. Read More
17th September 2015
On 10 June 2015 the House of Commons Library published a Briefing Paper on “Money Laundering Law” which “outlines the history of successive waves of legislation designed to counter money laundering and its impact on the financial services industry and associated professions”. It is a useful read for AML professionals providing… Read More
17th September 2015
The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) recently released a new typologies report that: “examines the methods used by organised criminal groups to launder illegally earned funds and the challenges faced by financial intelligence units, law enforcement agencies and… Read More
17th September 2015
On 2 June 2015 AUSTRAC, the Australian Transaction Reports and Analysis Centre, released two new reports in order to “help Australian businesses identify money laundering methodologies used through real estate agents and lawyers”. The press release that accompanied the reports noted that: “Laundering of illicit funds through real estate is… Read More