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What Makes Someone a High-Risk Customer for Enhanced Due Diligence?

In financial crime compliance (FCC), few topics...

FATF Expands Grey List as More Jurisdictions Face Scrutiny Over Financial Crime Controls

The Financial Action Task Force (FATF), the...

U.S. Treasury Expands Guidance to Strengthen Financial Institutions’ Fight Against Fraud

The U.S. Department of the Treasury's Financial...

Due Diligence

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What Makes Someone a High-Risk Customer for Enhanced Due Diligence?

In financial crime compliance (FCC), few topics generate more confusion and more consequential errors than Enhanced Due Diligence (EDD) Ask a room full of compliance professionals who qualifies as a...
Due Diligence

U.S. Beneficial Ownership Reporting Remains Suspended for Domestic Entities Despite AML Concerns

As of April 2026, U.S. domestic companies remain exempt from mandatory beneficial ownership information...
Due Diligence

Risk-Tiering Politically Exposed Persons: Why a Blanket Approach to PEP Compliance No Longer Suffices

A retired backbencher and a sitting foreign head of state are both classified as...
Due Diligence

Integrated KYC and Sanctions Screening: The New Compliance Architecture for Financial Institutions

As financial crime programmes evolve in 2026, a structural rethink of how KYC and...
Due Diligence

OFAC Issues Sham Transaction Guidance, Expanding Counterparty Due Diligence Obligations

On March 31, 2026, OFAC published a landmark advisory titled 'Guidance on Sham Transactions...
Due Diligence
Latest

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...

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...

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...

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,...

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...

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