With the implementation of the European Union’s (EU) Fourth Anti-Money Laundering Directive (AMLD4), which included an emphasis on enhanced customer due diligence (CDD), an inclusion of the gambling sector, and enhanced risk-based approach technology, all member states were required to… Read more >
The European Union’s (EU) Fifth Anti-Money Laundering (AMLD5) became binding recently on Monday, July 9 and even after two years of reforming the anti-money laundering (AML) provisions and regulations, the new directive still faces weaknesses and limitations in preventing illicit… Read more >
Over the next three years, operational costs of KYC processes for banks are expected to double because of the Fourth European Anti-Money Laundering Directive (AMLD4) and the Fifth European Anti-Money Laundering Directive (AMLD5). These amendments seek to protect credit and… Read more >