UK: HMRC updates anti-money laundering guidance
HM Revenue & Customs (HMRC) has issued updated guidance for the accountancy sector on compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The guidance applies to all
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EU urges 11 states to finalise 6th anti-money laundering directive transposition
The European Commission is taking action against several EU Member States that have failed to notify the Commission of measures they have adopted to transpose EU Directives into their national laws. The European Commission announced new measures
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EU revises list of high-risk third countries for money laundering and terrorist financing
The regulation goes into effect on 5 August 2025. The EU published the Commission Delegated Regulation (EU) 2025/1184 on 16 July 2025, updating Regulation 2016/1675 by revising the list of high-risk third countries with anti-money laundering
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US, El Salvador sign customs cooperation agreement
The US signed a Customs Mutual Assistance Agreement (CMAA) with El Salvador on 8 October 2024. The CMAA aims to strengthen border security and trade facilitation between the two countries. CMAAs are bilateral agreements between the United
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Slovak Republic to amend anti-money laundering law
The Slovak Republic Parliament agreed to review the government's proposed draft bill, which seeks to amend the Anti-Money Laundering (AML) Law, on 4 October 2024. These amendments aim to address the European Commission's concerns regarding the
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Switzerland proposes law to strengthen anti-money laundering, includes beneficial owners register
The Swiss Federal Council, in a release, announced the adoption of a new legislation to bolster the anti-money laundering framework on Wednesday, 22 May, 2024. This includes the establishment of a federal register of beneficial owners. The aim of
See MoreHong Kong: Government Renews Anti-Money Laundering Guidelines
Hong Kong has gazetted an anti-money laundering amendment notice that will allow its financial institutions to continue to delegate customer due diligence (CDD) functions. The Anti-Money Laundering and Counter-Terrorist Financing (Financial
See MoreEU-European Parliament Backs New Money Laundering Law
The problem of money laundering has received increasing attention in recent years. Although many countries have their own money laundering laws the problem can be tackled more successfully with international cooperation. The European Parliament has
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