The compliance guide aims to help firms implement effective measures to address money laundering risks
Revised guidance incorporates the “significant enhancements” to protect banks
Senior executives at financial firms would need to certify the adequacy of their systems to combat money laundering and terrorist financing
There are several reasons why the use of bitcoin to fund illegal activities, such as terrorist operations, is not a major factor at this time
Compliance deficiencies found at money services business
The bank has 60 days to submit a plan for enhancing oversight
Certain non-profits, such as charities, non-profits tmay be particularly vulnerable to money laundering abuse
Bank to fire six in settlement with U.S. regulations
New guidelines promote a common understanding of a risk-based approach to anti-money laundering and countering the financing of terrorism
Canada to join the global effort to make money laundering tougher