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New AUSTRAC rules shake up AML compliance in Australia
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.
EU’s AML reforms: four key RTS changes explained
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.
FATF grey list changes put focus on AML compliance
The Financial Action Task Force (FATF) has updated its grey list, reshaping the compliance landscape for several jurisdictions as it continues to enforce global standards in anti-money laundering (AML) and counter-terrorist financing (CFT).
Napier AI names Kenneth Paqvalén as CFO
Napier AI has appointed Kenneth Paqvalén as its new chief financial officer, aiming to strengthen its financial crime compliance platform as it expands its international footprint.
MENA banks embrace AI to meet new compliance demands
The banking sector in the Middle East and North Africa (MENA) region is undergoing a period of significant regulatory and technological change, as financial institutions respond to evolving compliance demands and digital transformation opportunities.
Singapore AML overhaul: What FIs must do now
In a move to fortify Singapore’s anti-financial crime landscape, the Monetary Authority of Singapore (MAS) is introducing sweeping changes to its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.
Napier AI appoints Noel King as CTO to drive AI-powered RegTech...
Napier AI, a RegTech company specialising in financial crime compliance, has announced the appointment of Noel King as its new CTO.
According to Business Cloud,...
Australia’s Tranche 2 AML reforms risk leaving SMEs behind
Australia’s overhaul of its anti-money laundering (AML) regime is set to intensify, with the passage of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment...
Why real-time AML screening is critical for Saudi Arabia’s fast-evolving capital...
Once seen as a concern primarily for retail and commercial banks, AML scrutiny is now intensifying in the investment space — especially in the Gulf region.
Making the case: Why it’s time to modernise sanctions screening
Sanctions compliance is becoming increasingly complex, driven by rising geopolitical tensions, a surge in regulatory demands, and the growing number of sanctioned individuals and entities.
