The UAE has continued to implement significant legislative and structural reforms during 2024 in areas including financial crime compliance, whistleblowing, and virtual assets regulation. These ...

AUSTRAC has released its anti-money laundering program starter kits (kits), designed specifically to help small businesses in ...

The Department of Home Affairs has claimed if the Anti-Money Laundering and Counter-Terrorism Financing Amendment and Other Legislation Bill 2019 (AML/CTF Bill) is passed, it has the potential to ...

The external auditor will examine whether the business is complying with key AML/CTF requirements within 6 months.

In a significant move to uphold financial integrity, AUSTRAC has mandated an external audit of Airwallex Designated Business Group (Airwallex DBG) to evaluate its compliance with anti-money laundering ...

The Australian Transaction Reports and Analysis Centre (Austrac) announced on Wednesday it has concluded its investigation into Afterpay, having decided it will not pursue any further regulatory ...

Westpac Bank in Australia is facing one of its gravest crises from systemic AML/CTF failures over a 5-year period that contravened the AML/CTF Act on over 23 million occasions. Heads are rolling at ...

Where cryptoasset firms intend to carry out cryptoasset activity in the United Kingdom (UK), and that activity falls within scope of the MLRs, such firms must register with the FCA before carrying out ...

November 2009 This article describes the high level legal and regulatory framework in relation to money laundering prevention in the DIFC including a definition of money laundering and the offences.