Relations between the US and Russia are widely expected to continue their downward trajectory when President Biden enters office on 20th January. Biden arrives in office in very different circumstances from previous incumbents. In most recent cases, US presidents have started their terms by seeking better relations with Russia. This time, however, there are no illusions…
Tag Archive for compliance
Status of the European AML Framework
Large-scale money laundering investigations have been the drivers to improving the safeguards for the overall stability of the EU’s financial sector. Beyond the implementation of the Fifth AML Directive (5AMLD), additional significant developments include the proposed EU regulation strengthening the role of the European Banking Authority (EBA) in supervising the financial institutions, the European Council’s action plan for non-legislative AML measures, and the passing of the EU Directive on combating money laundering by criminal law.
Terrorism and the tech-industry
Internet and social media services have been used by terrorist and extremist groups globally to disseminate hate and funds, says the Counter Extremism Project and advocates effective national and European regulation to counter the threats – including new challenges posed by crypto-currencies for terrorist purposes.