Rumblings at industry roundtables indicate that financial regulators are setting their sights on technology; they are implementing new technology and expect those that they regulate do the same. With the ongoing raft of regulatory messages, guidance, rules and regulation, it can often be hard to...

Nowadays, the compliance function is gaining relevance not only within the traditional financial sector, such as financial institutions, asset managers, corporate and trust service providers, but also from non-traditional sectors such as virtual assets service providers, real estate agents, luxury companies, export/import logistics, among...

The Financial Action Task Force (FATF) sets an important standard for governments and financial institutions (FIs) across the globe. The FATF Recommendations and reports set the global bar for effective measures to counter money laundering and terrorist financing along with any other perceived threats...

The Fifth Anti-Money Laundering Directive (5AMLD) published the 19 of June 2018 offered amendments to the Fourth Anti-Money Laundering Directive (4AMLD) from 2015. This update was passed to devise a better action plan against money laundering and terrorist financing. Among other changes, the new...

In June 2019, the Financial Action Task Force (FATF) published its updated guidance, clarifying the applicability of FATF Recommendations to virtual currencies and virtual asset service providers (VASPs). In contrast to earlier guidance, which highlighted a subset of FATF Recommendations relevant to covered entities, this...

On June 20, 2019, students of the compliance officer degree program presented their final assignments. For the third consecutive year, the accreditation has been offered by the University of Law at Université de Versailles Saint-Quentin-en-Yvelines in Versailles, France with the support of the Association...