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Former Russian Deputy Defense Minister Sentenced to 19 Years in Major Corruption Case

In a significant development underscoring a widening...

OFAC Issues Sham Transaction Guidance, Expanding Counterparty Due Diligence Obligations

On March 31, 2026, OFAC published a...

Australia’s AML/CTF Reform Brings Expanded PEP Obligations Into Force from March 2026

Australia's financial intelligence authority AUSTRAC confirmed that...

Due Diligence

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OFAC Issues Sham Transaction Guidance, Expanding Counterparty Due Diligence Obligations

On March 31, 2026, OFAC published a landmark advisory titled 'Guidance on Sham Transactions and Sanctions Evasion,' fundamentally reframing how financial institutions and corporates must approach counterparty diligence. The guidance...
Due Diligence

Australia’s AML/CTF Reform Brings Expanded PEP Obligations Into Force from March 2026

Australia's financial intelligence authority AUSTRAC confirmed that significant AML/CTF reform obligations took effect on...
Due Diligence

AMLA’s First Public Hearing Sets Operational Expectations for KYC and Transaction Monitoring Across Europe

AMLA's inaugural public hearing held on March 24, 2026 included the release of draft...
Due Diligence

Utmost Worldwide Limited, Mr Leon Steyn and Mr James Alexander Watchorn

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers...
Due Diligence

FinCEN Updates FATF Jurisdiction Risk List — Financial Institutions Must Re-Calibrate Enhanced Due Diligence

FinCEN issued an advisory informing U.S. financial institutions of FATF's February 2026 plenary outcomes,...
Due Diligence
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U.S. Treasury Eases Customer Due Diligence Rules in Major Shift Toward Risk-Based Compliance

In a significant regulatory shift aimed at modernizing anti-money laundering (AML) compliance, the Financial...

RZOLUT partners with Vision Bank to Strengthen customer onboarding checks

RZOLUT, a global provider of regulatory technology solutions and due diligence services, today announced...

US Lobbying Groups Target EU Corporate Accountability Law

As Europe emerges from a devastating heat wave, the European Parliament should reject efforts,...

AUSTRAC orders external audit of Western Union Financial Services

AUSTRAC has ordered the appointment of an external auditor to Western Union Financial Services...

Germany: New BaFin Guidelines Set Clearer Obligations for Financial Sector

Germany has unveiled updated guidelines and an accompanying application note to bolster its fight...

EU Council Turning Supply Chain Law into Window Dressing

(Brussels) – European Union member states led by France and Germany are walking back on their...

EU Commission President Receives Award for Green Deal Laws She is Undoing

In June 2024, the EU adopted a groundbreaking law requiring large companies to respect human...

BSP Mandates Integration of Adverse Media Screening into Customer Due Diligence Framework

The Bangko Sentral ng Pilipinas (BSP) has taken a significant step to strengthen the...

U.S. Treasury Warns Banks of Mexican Cartel-Linked Oil Smuggling Scheme

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a...

Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA)...

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