Tag: Customer Due Diligence

In today’s fast-moving regulatory environment, it only takes one missed red flag to turn a financial institution into the next headline scandal. Yet despite...

The European Union has implemented its most sweeping anti-money laundering reform in over a decade, introducing the Anti-Money Laundering Authority (AMLA) and a new...

Diversity in financial services has transformed how individuals and businesses access capital. The once slow-moving world of traditional finance—where bank accounts required in-person visits—is...

Australia is pressing ahead with a significant overhaul of its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, with AUSTRAC releasing the Second Exposure Draft Rules (ED2) under the Amended AML/CTF Act 2024. This latest draft builds on last year’s proposals, offering further clarity and operational guidance aimed at modernising compliance obligations.

Increased regulatory scrutiny around anti-money laundering (AML) is creating a growing compliance burden for small and medium-sized enterprises (SMEs), especially in sectors like property,...

The European Banking Authority (EBA) has unveiled a series of proposals designed to streamline and strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) measures across the EU. The proposed Regulatory Technical Standards (RTS) seek to create a unified approach for AML/CFT supervision, aligning the practices of supervisors and financial institutions in all Member States.

Canada’s ongoing battle with fentanyl trafficking has taken a dramatic turn in recent years, with growing pressure on both borders and financial systems. In 2024 alone, authorities reported significant seizures of fentanyl moving between Canada and the US—10.8lbs entering from the US and 32.1lbs flowing the other way. These figures sparked diplomatic and economic fallout, including a 25% US tariff on Canadian goods imposed in March 2025.

Key Global RegTech investment trends for 2025: 1,802 executives were surveyed to obtain their perspectives on compliance practices, challenges, and ways they are evolving...

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This is typically done through a carefully structured three-stage process. Understanding these stages is vital for businesses implementing anti-money laundering (AML) strategies, as it can help identify potential criminal activity.

Australia is moving to overhaul its anti-money laundering and counter-terrorism financing (AML/CTF) framework with a comprehensive new proposal aimed at aligning the country with global standards set by the Financial Action Task Force (FATF).