AMLYZE’s Post

The #EU passed landmark reforms of the European anti-money laundering regime. The new single #AML rulebook and EU Anti-Money Laundering Authority (#AMLA) will be game-changers in Europe's fight against illicit finance. The latest #KPMG analysis sets out what you need to know. 🔹 The Single Rulebook (AML Regulation): AML rules will be tightened and harmonised across the EU. Key changes include a wider range of 'obliged entities' (required to check customer ID and report suspicious activities), tougher #duediligence requirements, and stricter rules on #outsourcing. The new rulebook will apply 🔹 AMLA: The creation of AMLA will have profound consequences for AML supervision - and not just for the 40 institutions that will AMLA will supervise directly. AMLA will create a common supervisory methodology ad toolkit for all EU AML authorities to use, harmonising supervisory practice. This will reshape AML supervision across Europe. AMLA will also set out the details of the AML rulebook in dozens of technical standards and guidelines. KPMG's new AMLA Office is a dedicated centre of expertise on AMLA and will provide regular updates and analysis on AMLA rulemaking and policy development. Find further insights from the KPMG AMLA Office here: https://lnkd.in/ep27p89c Timo Purkott Henning Dankenbring

🆕Do you understand the implications of the latest #AML regulations in Cyprus? Join the conversation and share your insights on how businesses can adapt and thrive amidst these changes. 💬 #AMLcompliance 🔑Cyprus reviews and integrates AML European Directives into its national laws, ensuring compatibility with its existing legal framework, to uphold uniform rules and practices similar to those of other #EU Member States. 🔎The CJ Solutions Regulatory Compliance experts delve in the anticipated AML regulatory updates, including the #AMLD6, and explore the relevant #CySEC #Circulars. Continue reading 👉 https://lnkd.in/eEC3rzx6 #cjsolutionsltd #simplifyingcompliance

Money laundering laws in the EU have been significantly tightened with the approval of a new comprehensive AML regulation by the European Parliament and EU Council, requiring accountants to strictly adhere to uniform standards across all member states. Read the full ACCA article from here: #MoneyLaunderingLaws #AccountingCompliance #LangbrookFinance https://buff.ly/4bOBRV2

🌐𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝗚𝗹𝗼𝗯𝗮𝗹 𝗔𝗻𝘁𝗶-𝗠𝗼𝗻𝗲𝘆 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 🌐 I'm excited to share a valuable resource for all compliance professionals! 📊🔒 I've tried to put together a comprehensive list of Regulations on Anti-Money Laundering (AML) from around the globe, covering Asia, Africa, America, Europe, and the Middle East. Money laundering poses a significant threat to the integrity of financial systems worldwide. Hope this article will help compliance professionals to have insights of AML regulatory framework across the world. #AML #AntiMoneyLaundering #Compliance #GlobalStandards #FinancialIntegrity #Regulations

Accountants: Do you need to brush up on your anti-money laundering knowledge? Our informal networking events are an ideal way for accountants to quickly learn about their legal obligations and get answers to any money laundering-related questions. We can come to your local group and provide you with the information you need. Learn more: https://hubs.li/Q027VMPx0

Join us today at the 𝐀𝐂𝐂𝐀 𝐈𝐫𝐞𝐥𝐚𝐧𝐝 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 at Trinity College Dublin. Pop by and say hello to learn how AML HQ can help simplify your compliance process. #ACCA #ACCAIreland #AML #ComplianceMadeEasy

The Ministry of Law in Singapore is responsible for enacting the necessary laws, regulations and guidelines for the Precious Stones and Precious Metals Sector. The source of funds and wealth documents are usually obtained by regulated dealers from high-risk customers as a part of Enhanced Customer Due Diligence (ECDD) measures prescribed by the AML/CFT regulations and guidelines for regulated dealers in the PSPM sector in Singapore. The requirement of source of funds and source of wealth documents forms part of the ‘procedures to conduct ECDD’. Check out the infographic to better understand which documents are required to establish the legitimacy of the source of funds and source of wealth and to understand the distinction between the two. 🌏 https://lnkd.in/dGZKhrZF #AMLSingapore #antimoneylaundering #duediligence #amlcompliance #compliance #peps #edd #mas #sourceoffund #sourceofwealth #amlregulations

Recent regulatory changes reflect Singapore's view on its serious commitment to combat money laundering activities. In this article, members of the Virtus Law LLP (Stephenson Harwood (Singapore) Alliance) banking and finance team Colin Jarraw and Jamie Loh explore updates to the key AML regulations in Singapore and how Know Your Customer (KYC) checks help companies and individuals. Read more here: https://lnkd.in/eiehnj24 #AntiMoneyLaundering #Regulation #Compliance