International news and developments - April 2018

Written by Jason Morris on Wednesday May 9, 2018


UK Region

FCA publishes its Business Plan for 2018/19

UK overseas territories could be forced to introduce beneficial ownership registers

Barclays boss faces penalty for ‘conduct breach’

FCA faces £30m Brexit bill

Chancellor leads global crackdown on dirty money

FCA speech on Blockchain: considering the risks to consumers and competition

FCA speech on Payments after PSD2: evolution or revolution

UK Finance and KPMG release report Staying Ahead of Cybercrime


EMEA Region

European Commission publishes statement on the adoption of 5MLD 

European Commission proposes new standards to protect whistleblowers

European Commission presents new measures to deny terrorists and criminals the means and space to act

MEPs vote to shed light on the true owners of companies

FATF publishes Mutual Evaluation Report of Iceland

Paradise Papers: Ukraine crime gang hid proceeds in luxury London flats

French billionaire dubbed ‘king of Africa’ subject to corruption inquiry

New AML strategy for Malta

Trump praises Qatar’s counter financing of terrorism efforts


APAC Region

Firm facing $2.6m fine under money laundering, terrorism financing laws

ANZ fined A$3m for advice client review failings


North America Region

FinCEN issues FAQs on CDD rule

US Treasury releases report highlighting regulatory reform accomplishments

Canada announces remediation agreements and orders to address corporate crime

Citigroup is looking to staff up its anti-money laundering unit with bitcoin pros


LATAM Region

Brazil President may have used family assets to launder money

De-banking Caribbean countries offers no justice, Antigua PM

Brazilian former President Lula locked up for money laundering

Caribbean countries don’t believe beneficial ownership public register good for overseas territories



African Development Bank organizes Workshop on Strengthening Role of Parliament in Combating Illicit Financial Flows from Africa

Central Bank of Kenya issues guidance note on conducting money laundering/terrorism financing risk assessment



Transparency International reviews G20 promises on ending anonymous companies

FATF holds annual Private Sector Consultative Forum

FATF President delivers speech on blocking terrorists financial flows 

OECD publishes public comments on misuse of residence by investment schemes to circumvent the Common Reporting Standard


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