Insights
When a bank or payment firm is asked to bank a virtual asset service provider, the first question is simple: is this firm licensed, and by whom? We checked that question against the regulators' own documents. Some answers come with a public register. One…
Each of our six jurisdictions implements UN targeted financial sanctions, and each also applies a domestic list alongside the UN list: for DIFC and ADGM, the UAE's federal one. Which list, which clock and who you tell afterwards are set locally. This is part…
Beneficial ownership is where customer due diligence meets company law. For an MLRO working across our six jurisdictions, two questions decide how much a register can do for you: where the ownership line is drawn, and whether you are allowed to look.
Global enforcement actions, regulatory moves & intelligence from the world of AML & financial crime.
On 24 February 2023 the FATF announced that Morocco was no longer subject to its increased monitoring process, the list often called the "grey list". The FATF said Morocco had met its action-plan commitments on the deficiencies identified in February 2021:…
Two UAE financial free zones have their own financial regulators: the Dubai International Financial Centre (DIFC), supervised by the Dubai Financial Services Authority (DFSA), and Abu Dhabi Global Market (ADGM), supervised by the Financial Services Regulatory…
In Qatar, the deadline for a suspicious transaction report (STR) depends on what you suspect. There are two time limits, and the first decision an MLRO makes is which one applies.
Saudi Arabia's fintech count has been running ahead of its targets. As reported by the Saudi Press Agency in October 2024, the Vice Minister of Finance said the number of fintech companies had reached 224 by the end of the second quarter of 2024, against a…
Mauritius's 2026 AML reform is not a new stand-alone law. Its full name is the Anti-Money Laundering, Combatting the Financing of Terrorism and Countering Proliferation Financing (Miscellaneous Provisions) Act 2026, Act No. 3 of 2026. It is an amending Act.…
Global enforcement actions, regulatory moves & intelligence from the world of AML & financial crime.
A working session with your compliance team, then a walkthrough against your own risk appetite: the lifecycle end to end, scoring weights set to your policy, and a review of the audit trail the system produces.
