Aztec Group’s Post

The EU is taking bold steps against financial crime with the establishment of a new Anti-Money Laundering Authority and strict regulations to bolster Europe’s defenses. From enhanced customer due diligence to transparency in beneficial ownership, these measures promise to reshape the financial landscape. Read more about the EU’s AML/CFT package here and understand why it matters: https://buff.ly/3KXNe1Z #AML #FinancialRegulation #MoneyLaundering

The FATF is updating its approach to greylisting, offering more leniency to smaller, low-capacity countries while tightening scrutiny for larger, wealthier jurisdictions. These changes are to support lower-income nations by providing them extra time to address AML issues, helping to avoid the harsh economic impacts of greylisting. Dive into the world of global financial clarity and explore how AML regulations are shifting the game entirely. https://okt.to/Erf6vA #FATF #Greylist #AML #ComplianceNews #FinancialInclusion #AntiMoneyLaundering #Sanctions #FinancialRegulation #GlobalStandards #MoneyLaundering

💰The EU is stepping up its fight against financial crime with new AML/CFT rules. A unified rulebook and the new Anti-Money Laundering Authority (AMLA) in Frankfurt bring stricter oversight and tougher penalties. 🔍 Our latest factsheet breaks down what this means for businesses. Check out the details here: https://lnkd.in/drPXXzn2

This week, we provide you significant #regulatory changes across multiple regions, including the second stage of #AML / #CTF reforms in Australia, new rules for #digitalasset custody in Bermuda, improvements in Poland's AML/CFT guidelines, the European Union's guidance on #sustainability reporting, and the adoption of key directives related to corporate sustainability and anti-money laundering. Read the complete blog here: https://lnkd.in/emtmhudX #finrege #horizonscanning #regulatorychange

I’m kind of surprised how few members of the investment community required to meet US regulatory standards are aware of the forthcoming AML/KYC requirements. Tomorrow’s session with Vanguard & K2 Integrity is a substaintive way to get up to speed quickly. https://lnkd.in/gCuM4p2b

Should be very informative...

The European Council and Parliament have reached a consensus on both the initial Anti-Money Laundering Regulation and the updated Anti-Money Laundering Directive. The regulation is poised to establish a novel EU 'single rulebook' regulation, ushering in a directly enforceable regulatory framework with stipulations for obligated entities. Concurrently, the sixth Anti-Money Laundering directive encompasses provisions governing the structuring of institutional #AML and #CFT frameworks at the national level, mandating member states to integrate these provisions into their respective #legalframeworks. https://lnkd.in/d3jCJMwx #GTG #advocates #corporate #compliance #advisory #Malta Reuben Portanier l Cherise Abela Grech l Agnes A. l Josef Cachia Fenech Gonzi l European Parliament

In our latest article, we broke down the new EU AML/CTF package approved by the European Parliament and what it means for EU-regulated firms, including financial institutions, #CASPs, high-value goods dealers, and professional football clubs. 🇬🇧 But what's the significance for UK firms? Dual Compliance: UK firms operating in the EU must ensure compliance with both UK and EU regulatory requirements. Dual compliance will be required of UK firms which are a subsidiary undertaking of an EU firm or themselves have subsidiary undertakings in the EU ✅ With the full operational impact of the forthcoming rules still yet to be seen, Plenitude can help you prepare if you think your firm may have compliance requirements. From uplifting policies and standards to performing a current state assessment of your AML/CTF Framework, Systems & Controls, get in touch today: [email protected] 

🇪🇺 On April 24, the European Parliament approved a new AML/CTF rule package, now published in the Official Journal. This milestone aims to strengthen and harmonise the fight against financial crime across the EU. Our latest article breaks down the new regulations and what they mean for EU-regulated firms, including financial institutions, #CASPs, high-value goods dealers, and professional football clubs. 💡 Learn how to prepare for the upcoming changes and ensure your firm is compliant ➡ Plenitude can help you prepare for the forthcoming application of EU rules, from uplifting policies and standards to performing a current state assessment of your AML/CTF Framework, Systems & Controls. Appointed to the FCA’s S166 Skilled Persons panel for Financial Crime, Plenitude is uniquely positioned to support firms in managing the impacts of these changes. #AML #CTF #regulations #financialcrime Imogen Cronin

🚀 Exciting News! 🚀 I'm thrilled to share that my group’s concept paper, "Enhancing Anti-Money Laundering Strategies," has been published! 🎉 In this paper, we explore innovative approaches to bolster the fight against money laundering, highlighting the importance of technological advancements , AML laws and regulations, responsibilities of banks and financial entities in AML, and collaboration between government agencies, private sector and law enforcement. With financial crimes becoming increasingly sophisticated, it's crucial to stay ahead with cutting-edge strategies and collaborative efforts. I invite you all to read the paper. Your feedback and perspectives are highly appreciated! Link: https://lnkd.in/gZbMGPqW #AntiMoneyLaundering #FinancialCrime #Compliance #Regulatory #Innovation #Research #AML #FinancialSecurity