On 6 August 2026 the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) opened a voluntary survey asking electronic money institutions (EMIs) and payment service providers (PSPs) about their experience with the central contact point framework, and the window closes on 15 September 2026. The CSSF relayed the exercise to the Luxembourg…
goAML is Luxembourg’s electronic channel for suspicious-operation reporting and communication with the CRF; for lawyers, the platform integrates the Article 7 Bâtonnier filter before qualifying reports are forwarded to the CRF. In 2024 the CRF received significantly more suspicious reports than the prior year, according to its 2024 annual report. That same report covers the…
On 17 June 2026, MONEYVAL published its third enhanced follow-up report on Bulgaria, and the headline is clear: Bulgaria is now rated compliant or largely compliant on all 40 FATF Recommendations, and no further reporting is required under MONEYVAL’s fifth-round evaluation. For anyone who runs country-risk models or approves correspondent relationships, the MONEYVAL Bulgaria AML…
A Canadian bank with a branch in Singapore falls within section 9.7; a life insurance company’s foreign subsidiary is covered only if it carries out similar activities and is wholly owned or consolidated with the company; and a securities dealer’s affiliated London entity can trigger section 9.8 if the statutory affiliation test is met. Canada’s…
On 8 July 2026 the Financial Action Task Force published a global stocktake of public-private partnerships for fighting illicit finance, and the message to reporting teams is blunt: the data that would expose a laundering network usually sits in fragments across separate banks, payment firms and law enforcement files, and criminals move faster than any…
On 16 July 2026 the Financial Action Task Force published its seventh targeted update on how countries are implementing the FATF standards for virtual assets and virtual asset service providers. The headline finding is that implementation remains uneven. Of the 109 jurisdictions answering the Travel Rule legislation question, 91, or 83 percent, reported legislation in…
On 21 July 2026 the Financial Action Task Force published its Targeted Report on Regulatory Challenges from Decentralised Finance, and the message for anti-money laundering teams is blunt: decentralised is a claim to be tested, not a label that lifts a service out of scope. Where an identifiable natural or legal person controls or sufficiently…
A cross-border payment is held due to incomplete beneficiary information. The originator name is present, the amount is present, but the beneficiary field is a single block of free text that the receiving institution’s screening engine cannot parse into a name, a country and a town. The transfer is held, a customer complains, and an…
A relationship manager flags a client as awkward. The country profile is messy, the ownership chain runs through two jurisdictions, and the file would take real work to keep current. The easy answer is to exit. Close the account, decline the onboarding, and the risk number on the dashboard goes down. The CSSF communique of…
Run a single family office in Singapore on the wrong legal basis and you are doing one of two uncomfortable things: managing money without a licence, or relying on an exemption that no longer fits how the rules read. From 15 June 2026, the MAS Single Family Office framework replaces the old case-by-case approach with…