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  • Happy Holidays

  • Sint Maarten is in the process of developing its NRA

    An NRA is an exercise that helps countries identify and assess the potential risks associated in this case with money laundering, terrorism and proliferation financing.

  • Canadian Anti-Money Laundering Requirements – Changes Effective June 1, 2021

    On June 1, 2021, a series of regulatory amendments made to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the “PCMLTFA”) and regulations over the past few years will come into force, together with changes to guidance issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

  • The new Anti-Money Laundering Act 2020 of the United States of America

    Omnibus statute that addresses a variety of defense and national security matters, including the most substantial and sweeping legislative reforms to US anti-money laundering (AML) and counter-terrorism financing (CFT) laws since the USA Patriot Act of 2001.

  • Westpac blames technology and human error for anti-money laundering failings

    Westpac Banking Corporation has said “a mix of technology and human error” and “deficient financial crime processes” were to blame for its failure to comply with anti-money laundering obligations.

  • COVID-19 is costing drug cartels millions of dollars

    The coronavirus pandemic has crippled cities and crushed businesses from coast to coast. It’s also costing drug traffickers millions, multiple law enforcement officials told NBC News, because their methods of moving money have been compromised. Since the start of the crisis, federal drug agents in major U.S. hubs have seized substantially more illicit cash than…

  • COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses

    Paris, 4 May 2020 – The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption. It has also led to an increase in COVID-19-related crimes, including fraud, cybercrime, misdirection or exploitation of government funds or international financial assistance, which is creating new sources of proceeds for illicit actors. Using information provided…