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Lebanon’s interim central bank governor Monday froze the accounts of the bank's embattled former chief and close relatives and associates days after the United States, United Kingdom and Canada slapped sanctions on them. Wassim Mansouri’s decision was made public following a meeting of the central bank’s Special Investigation Commission. The commission is in charge of fighting money laundering and terrorism financing. ....
The United Arab Emirates is launching a national program to conduct a comprehensive assessment of the risks of financial augmentation. dubaiweek.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dubaiweek.ae Daily Mail and Mail on Sunday newspapers.
The Role of Predictive KYC in Fighting Money Laundering May 5, 2021 gsuparna) • April 9, 2021 Kathleen Gowin and Larry Gordon of Endurance Advisory Partners How can automation help to reduce money laundering fraud? Larry Gordon and Kathleen Gowin of the consultancy Endurance Advisory Partners describe how predictive KYC can help mitigate risks (see: “Traditional KYC looks at past activities or events to determine the initial risk profile that drives bank monitoring and observations, Gordon says. Predictive KYC evaluates more than the individual customer’s activities by evaluating their related ecosystem to determine if there are any additional risk influences that should be monitored. It frequently searches for any activity or events that have taken place since the most recent risk determination was made.” ....
To print this article, all you need is to be registered or login on Mondaq.com. December 2020 – On 2 December 2020, Ukraine s parliament adopted in the first reading the Bill on Virtual Assets No. 3637, which is available in Ukrainian here). The proposed legislation is the latest in a series of attempts by lawmakers to regulate virtual currencies or, more broadly, virtual assets in Ukraine. However, in the current proposal the parliament has approached the matter in a more consistent manner first, by rolling out a new anti-money laundering law, and then following that up with creating the appropriate regulatory framework. The next and final step is ....
Ukrainian parliament adopts bill on virtual assets in the first reading Ukraine December 16 2020 On 2 December 2020, Ukraine’s parliament adopted in the first reading the Bill on Virtual Assets No. 3637, which is available in Ukrainian here. The proposed legislation is the latest in a series of attempts by lawmakers to regulate virtual currencies or, more broadly, virtual assets in Ukraine. However, in the current proposal the parliament has approached the matter in a more consistent manner first, by rolling out a new anti-money laundering law, and then following that up with creating the appropriate regulatory framework. The next and final step is expected to be the introduction of a tailored tax regime, as currently transactions with virtual assets remain subject to the generally applicable tax rules. ....