Financial Crime Weekly Digest — 22–28 September 2026
Global enforcement actions, regulatory moves & intelligence from the world of AML & financial crime.
Tag: AML
Tag: AML
33 posts · AML
ADGM: ‘Know your business partner’ is where vendor due diligence already sits
"Know Your Vendor" is a process label, not an instrument. That is why a search for it in a rulebook comes back empty, and why firms sometimes conclude the duty is a matter of good practice rather than law.
Qatar Financial Centre: the QFCRA has to be told separately when you file an STR
If your STR procedure ends at the moment of lodgement — suspicion formed, MLRO decides, report goes to the financial intelligence unit, file closed, customer handled carefully from then on — it is incomplete for a firm inside the Qatar Financial Centre. The…
Saudi Arabia: two targeted-sanctions rulebooks, one screening calendar
Fifteen days apart at the end of 2025, two Saudi financial supervisors each put out a targeted financial sanctions rulebook. The Saudi Central Bank (SAMA) issued its Rules for the Implementation of Targeted Financial Sanctions by circular No. (472035766),…
UAE: Cabinet Resolution 134/2025 repealed the 2019 executive regulations
If your UAE AML policy still cites Cabinet Decision No. (10) of 2019 — the implementing regulation of Decree-Law No. (20) of 2018 — it cites an instrument that no longer exists. The CBUAE Rulebook records its status as Repealed.
Mauritius: the FIU clarifies when the five-working-day STR clock starts
Section 14(1) of the Financial Intelligence and Anti-Money Laundering Act 2002 (FIAMLA) requires every reporting person or auditor, as soon as he becomes aware of a suspicious transaction, to make a report to the FIU "promptly but not later than 5 working…
Financial Crime Weekly Digest — 15–21 September 2026
Global enforcement actions, regulatory moves & intelligence from the world of AML & financial crime.
STR deadlines across the six: two count days, four use words
Every jurisdiction in this series requires a suspicious transaction report. Two of the six put a number on the deadline. The other four use words: promptly and directly in Saudi Arabia, without delay and directly under UAE federal law, which is what firms in…
Six jurisdictions, six answers to who counts as a politically exposed person
The texts in all six jurisdictions start from a similar idea: people who hold important public functions. Each then draws the edges differently: which relatives count, whether a domestic official is treated like a foreign one, and when senior management must…
Virtual assets: who licenses what, and where you can check
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…
Start with a compliance health check.
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.