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March 16, 2022: FCA consultation on funds with exposure to sanctioned Russian & Belarusian assets

FCA to consult on use of ‘side pockets’ for retail funds with exposure to sanctioned and suspended Russian assets Statements First published: 16/03/2022 Last updated: 16/03/2022 Share page The FCA has begun discussions with stakeholders about options to allow UK authorised retail funds to make exceptional use of ‘side pockets’ given the significant practical […]

New AML Notices and Consultations from Singapore

Consultations Consultation Paper on Proposed New AML/CFT Notice for Precious Stones and Precious Metals Activities and Updates to AML/CFT NoticesThis consultation paper seeks views on MAS’ proposals to issue a new AML/CFT Notice for financial institutions in the conduct of their operations and business activities in precious stones, precious metals […]

MAS wants your views on AML requirements for corporate finance advisors

ConsultationsPublished Date: 15 December 2021 Consultation Paper on Introduction of Due Diligence Requirements for Corporate Finance Advisers This consultation seeks views on MAS’ proposal to introduce due diligence requirements for corporate finance advisers when they advise on corporate finance transactions, with additional requirements when advising on initial public offerings. Consultation […]

And so it starts…. FinCEN seeks comments on US AML/CFT regulation

FinCEN Seeks Comments on Modernization of U.S. AML/CFT Regulatory Regime  ContactOffice of Strategic Communications, press@fincen.govImmediate ReleaseDecember 14, 2021 WASHINGTON— Today, FinCEN is issuing a request for information (RFI) Federal Register :: Public Inspection: Review of Bank Secrecy Act Regulations and Guidance seeking comments on ways to streamline, modernize, and update the anti-money […]

Responses to proposed MAS AML/CFT requirements for capital markets intermediaries published

The consultation started in May, closed in June, and MAS responded last Friday. Links below for the consultation paper, and the responses. Links: Proposed AML Notices for Cross-Border Business Arrangements of Capital Markets Intermediaries under Proposed Exemption Frameworks – Consultation Paper Proposed Exemption Framework for Cross-Border Business Arrangements of Capital […]

Finanstilsynet issues new AML report

Seven bids for strengthened fight against money laundering Better tools for customer awareness, increased access to government data and sharing of risk flags between financial institutions. These are some of the proposals in the Danish Financial Supervisory Authority’s new report, where the Authority provides a number of examples of how […]

FinCEN and federal regulators want your input on risk management models, AML & sanctions

Agencies Issue Statement and Request for Information on Bank Secrecy Act/Anti-Money Laundering Compliance Immediate Release April 09, 2021 The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a joint statement addressing how risk management principles described in the “Supervisory […]