Financial Crime, AML & Sanctions — 231 Nodes
- 15 U.S. Code § 78dd-1 - Prohibited foreign trade practices by issuers
Prohibits issuers, their officers, directors, employees, agents, or stockholders from corruptly offering or giving anything of value to foreign officials, political parties, or candidates to obtain or retain business. - 15 U.S. Code § 78m - Periodical and other reports
Issuers of registered securities must file periodical reports with the SEC, maintain accurate books and records, and devise a system of internal accounting controls to ensure authorized transactions and asset… - 18 U.S.C. 1005 - Bank Entries, Reports and Transactions (False Entries)
18 U.S.C. 1005 criminalises, by an officer, director, agent or employee of a covered bank, the unauthorized issuance or circulation of notes; making, drawing or issuing certificates of deposit, drafts, bills of exchange… - 18 U.S.C. 1006 - Federal Credit Institution Entries, Reports and Transactions
18 U.S.C. 1006 criminalises, by an officer, agent or employee of, or person connected in any capacity with, specified federal credit institutions (including the FDIC, NCUA, Federal home loan banks, the Federal Housing… - 18 U.S.C. 1032 - Concealment of Assets from Conservator, Receiver or Liquidating Agent
18 U.S.C. 1032 criminalises knowingly concealing or endeavouring to conceal an asset or property from the FDIC, NCUA Board or a conservator, receiver or liquidating agent of a financial institution, corruptly impeding… - 18 U.S.C. 1345 - Injunctions Against Fraud
18 U.S.C. 1345 authorises the Attorney General to commence a civil action to enjoin a person who is violating or about to violate the banking, health care, mail or wire fraud provisions of chapter 63 or sections 287,… - 18 U.S.C. 1346 - Honest Services Fraud (Definition of Scheme or Artifice to Defraud)
Title 18 United States Code Section 1346 provides in full: for the purposes of this chapter, the term scheme or artifice to defraud includes a scheme or artifice to deprive another of the intangible right of honest… - 18 U.S.C. 1348 - Securities and Commodities Fraud
18 U.S.C. 1348 criminalises knowingly executing or attempting to execute a scheme or artifice to defraud any person in connection with commodities for future delivery, commodity options, or securities of an issuer with… - 18 U.S.C. 1517 - Obstructing Examination of a Financial Institution
18 U.S.C. 1517 makes it an offence to corruptly obstruct or attempt to obstruct any examination of a financial institution by an agency of the United States with jurisdiction to conduct that examination. The penalty is… - 18 U.S.C. 152 - Concealment of Assets; False Oaths and Claims; Bribery (Bankruptcy)
18 U.S.C. 152 criminalises nine categories of fraudulent conduct in bankruptcy cases under title 11: knowingly and fraudulently concealing estate property from creditors or the custodian, trustee, marshal or other court… - 18 U.S.C. 157 - Bankruptcy Fraud
18 U.S.C. 157 makes it an offence to devise or intend to devise a scheme or artifice to defraud and, for the purpose of executing or concealing the scheme, to file a petition under title 11 (including a fraudulent… - 18 U.S.C. 215 - Receipt of Commissions or Gifts for Procuring Loans (Bank Bribery)
18 U.S.C. 215 criminalises bank bribery: corruptly giving, offering or promising anything of value to influence or reward an officer, director, employee, agent or attorney of a financial institution in connection with… - 18 U.S.C. 656 - Theft, Embezzlement or Misapplication by Bank Officer or Employee
18 U.S.C. 656 criminalises theft, embezzlement, abstraction, purloining or willful misapplication of moneys, funds, credits, securities or other things of value by an officer, director, agent or employee of, or person… - 31 CFR Part 1020 - Rules for Banks
This regulation establishes comprehensive anti-money laundering (AML) program, customer identification, record-keeping, and reporting requirements for banks to deter and detect money laundering and terrorist financing. - 31 CFR Part 1022 - Rules for Money Services Businesses
This regulation establishes comprehensive anti-money laundering (AML) program, recordkeeping, reporting, and registration requirements for Money Services Businesses (MSBs). - 31 CFR Part 510 (North Korea Sanctions Regulations) - OFAC Blocking, Trade Prohibitions and Reporting
31 CFR Part 510, the North Korea Sanctions Regulations, implements the U.S. sanctions on North Korea administered by the Office of Foreign Assets Control under a series of Executive Orders and the North Korea Sanctions… - 31 CFR Part 515 (Cuban Assets Control Regulations) - OFAC Cuba Embargo, Travel and Remittances
31 CFR Part 515, the Cuban Assets Control Regulations, administers the comprehensive U.S. embargo on Cuba through the Office of Foreign Assets Control under the Trading With the Enemy Act and later Cuba-specific… - 31 CFR Part 525 (Burma Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 525, the Burma Sanctions Regulations, implements the U.S. sanctions on Burma (Myanmar) administered by the Office of Foreign Assets Control under Executive Order 14014 (86 FR 9429). All property and… - 31 CFR Part 526 (Hostages and Wrongful Detention Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 526, the Hostages and Wrongful Detention Sanctions Regulations, implements the U.S. sanctions addressing hostage-taking and the wrongful detention of United States nationals abroad administered by the Office… - 31 CFR Part 528 (International Criminal Court-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 528, the International Criminal Court-Related Sanctions Regulations, implements the U.S. sanctions with respect to the International Criminal Court administered by the Office of Foreign Assets Control under… - 31 CFR Part 536 (Narcotics Trafficking Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 536, the Narcotics Trafficking Sanctions Regulations, implements the U.S. sanctions targeting significant foreign narcotics traffickers centered in Colombia administered by the Office of Foreign Assets… - 31 CFR Part 546 (Sudan Stabilization Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 546, the Sudan Stabilization Sanctions Regulations, implements the U.S. sanctions on Sudan administered by the Office of Foreign Assets Control under Executive Order 13067 (62 FR 59989), Executive Order… - 31 CFR Part 547 (Democratic Republic of the Congo Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 547, the Democratic Republic of the Congo Sanctions Regulations, implements the U.S. sanctions with respect to the Democratic Republic of the Congo administered by the Office of Foreign Assets Control under… - 31 CFR Part 548 (Belarus Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 548, the Belarus Sanctions Regulations, implements the U.S. sanctions on Belarus administered by the Office of Foreign Assets Control under Executive Order 13405 and Executive Order 14038. All property and… - 31 CFR Part 549 (Lebanon Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 549, the Lebanon Sanctions Regulations, implements the U.S. sanctions with respect to Lebanon administered by the Office of Foreign Assets Control under Executive Order 13441 (72 FR 43499). All property and… - 31 CFR Part 550 (Ethiopia Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 550, the Ethiopia Sanctions Regulations, implements the U.S. sanctions with respect to the conflict in Ethiopia administered by the Office of Foreign Assets Control under Executive Order 14046 (86 FR 52389).… - 31 CFR Part 551 (Somalia Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 551, the Somalia Sanctions Regulations, implements the U.S. sanctions with respect to Somalia administered by the Office of Foreign Assets Control under Executive Order 13536 (75 FR 19869) and Executive… - 31 CFR Part 552 (Yemen Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 552, the Yemen Sanctions Regulations, implements the U.S. sanctions with respect to Yemen administered by the Office of Foreign Assets Control under Executive Order 13611 (77 FR 29533). All property and… - 31 CFR Part 553 (Central African Republic Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 553, the Central African Republic Sanctions Regulations, implements the U.S. sanctions with respect to the Central African Republic administered by the Office of Foreign Assets Control under Executive Order… - 31 CFR Part 555 (Mali Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 555, the Mali Sanctions Regulations, implements the U.S. sanctions with respect to Mali administered by the Office of Foreign Assets Control under Executive Order 13882 (84 FR 37055). All property and… - 31 CFR Part 558 (South Sudan Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 558, the South Sudan Sanctions Regulations, implements the U.S. sanctions with respect to South Sudan administered by the Office of Foreign Assets Control under Executive Order 13664 (79 FR 19283). All… - 31 CFR Part 562 (Iranian Sector and Human Rights Abuses Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 562, the Iranian Sector and Human Rights Abuses Sanctions Regulations, implements the U.S. sanctions targeting the Iranian financial sector and human rights abuses by the Government of Iran administered by… - 31 CFR Part 566 (Hizballah Financial Sanctions Regulations) - OFAC Correspondent Account Restrictions, Licensing and Reporting
31 CFR Part 566, the Hizballah Financial Sanctions Regulations, implements the Hizballah International Financing Prevention Act of 2015 as amended, administered by the Office of Foreign Assets Control. The program does… - 31 CFR Part 569 (Promoting Accountability for Assad and Regional Stabilization Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 569, the Promoting Accountability for Assad and Regional Stabilization Sanctions Regulations, implements the U.S. sanctions with respect to Syria, promoting accountability for the Assad regime and regional… - 31 CFR Part 570 (Libyan Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 570, the Libyan Sanctions Regulations, implements the U.S. sanctions with respect to Libya administered by the Office of Foreign Assets Control under Executive Order 13566 (76 FR 11315) and Executive Order… - 31 CFR Part 576 (Iraq Stabilization and Insurgency Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 576, the Iraq Stabilization and Insurgency Sanctions Regulations, implements the U.S. sanctions with respect to the stabilization of Iraq administered by the Office of Foreign Assets Control under Executive… - 31 CFR Part 578 (Cyber-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 578, the Cyber-Related Sanctions Regulations, implements the U.S. sanctions targeting significant malicious cyber-enabled activities, administered by the Office of Foreign Assets Control under Executive… - 31 CFR Part 579 (Foreign Interference in U.S. Elections Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 579, the Foreign Interference in U.S. Elections Sanctions Regulations, implements the U.S. sanctions addressing foreign interference in a United States election administered by the Office of Foreign Assets… - 31 CFR Part 582 (Nicaragua Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 582, the Nicaragua Sanctions Regulations, implements the U.S. sanctions with respect to Nicaragua administered by the Office of Foreign Assets Control under Executive Order 13851 (83 FR 61505). All property… - 31 CFR Part 585 (Hong Kong-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 585, the Hong Kong-Related Sanctions Regulations, implements the U.S. sanctions with respect to Hong Kong administered by the Office of Foreign Assets Control under Executive Order 13936 (85 FR 43413). All… - 31 CFR Part 586 (Chinese Military-Industrial Complex Sanctions Regulations) - OFAC Securities Investment Prohibitions, Licensing and Reporting
31 CFR Part 586, the Chinese Military-Industrial Complex Sanctions Regulations, implements Executive Order 13959 as amended by Executive Order 14032, administered by the Office of Foreign Assets Control. The program… - 31 CFR Part 588 (Western Balkans Stabilization Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 588, the Western Balkans Stabilization Regulations, implements the U.S. sanctions with respect to the Western Balkans administered by the Office of Foreign Assets Control under Executive Order 13219 (66 FR… - 31 CFR Part 589 (Ukraine-/Russia-Related Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 589, the Ukraine-/Russia-Related Sanctions Regulations, implements the U.S. sanctions with respect to the situation in and in relation to Ukraine, including Russia-related sanctions administered by the… - 31 CFR Part 590 (Transnational Criminal Organizations Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 590, the Transnational Criminal Organizations Sanctions Regulations, implements the U.S. sanctions targeting significant transnational criminal organizations, administered by the Office of Foreign Assets… - 31 CFR Part 591 (Venezuela Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 591, the Venezuela Sanctions Regulations, implements the U.S. sanctions on Venezuela administered by the Office of Foreign Assets Control under a series of Executive Orders, including the blocking of the… - 31 CFR Part 592 (Rough Diamonds Control Regulations) - OFAC Kimberley Process Import and Export Controls
31 CFR Part 592, the Rough Diamonds Control Regulations, implements the Clean Diamond Trade Act and Executive Order 13312, administered by the Office of Foreign Assets Control to give effect in the United States to the… - 31 CFR Part 597 (Foreign Terrorist Organizations Sanctions Regulations) - OFAC Blocking, Material Support and Reporting
31 CFR Part 597, the Foreign Terrorist Organizations Sanctions Regulations, implements the blocking provisions tied to the designation of foreign terrorist organizations under section 219 of the Immigration and… - 31 CFR Part 598 (Foreign Narcotics Kingpin Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 598, the Foreign Narcotics Kingpin Sanctions Regulations, implements the Foreign Narcotics Kingpin Designation Act, administered by the Office of Foreign Assets Control. All property and interests in… - 31 CFR Part 599 (Illicit Drug Trade Sanctions Regulations) - OFAC Blocking, Licensing and Reporting
31 CFR Part 599, the Illicit Drug Trade Sanctions Regulations, implements the U.S. sanctions targeting the international illicit drug trade administered by the Office of Foreign Assets Control under Executive Order… - 31 USC §§ 5311 + 5318 - Bank Secrecy Act Purpose + AML Program Four Pillars
31 USC §§ 5311 (Declaration of Purpose) and 5318 (Compliance Program Requirements) form the substantive heart of the Bank Secrecy Act (Pub. L. 91-508, signed 26 October 1970, as substantially revised by USA PATRIOT Act… - A Framework for OFAC Compliance Commitments
This framework from the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) outlines the five essential components of a risk-based sanctions compliance program (SCP): management commitment, risk… - Act on Punishment of Organized Crimes and Control of Proceeds of Crime (Act No. 136 of 1999)
Japan's Act No. 136 of 1999 criminalizes the laundering and handling of criminal proceeds and provides for their confiscation. Article 10 punishes concealment or disguise of the acquisition or disposition of criminal… - Act on Reporting and Using Specified Financial Transaction Information (Act No. 6516, as amended)
South Korea's Act on Reporting and Using Specified Financial Transaction Information (Act No. 6516, enacted 2001) establishes the country's AML/CFT reporting regime. Article 1 sets the purpose; Article 3 establishes the… - AI Agent Anti-Money Laundering (AML) Compliance
Autonomous agents performing financial functions are subject to the same FATF risk-based approach as traditional entities. Compliance requires 'Neural AML' - embedding real-time traceability, KYC verification, and… - Anti-Bribery Systems (ISO 37001)
ISO 37001 is the international standard for anti-bribery management systems (ABMS). It specifies measures to help organizations prevent, detect, and address bribery by establishing a culture of integrity, transparency,… - Anti-Money Laundering Act of 2001 (Republic Act No. 9160)
Republic Act No. 9160, the Philippine Anti-Money Laundering Act of 2001, declares the State policy against money laundering (Section 2), defines covered institutions and transactions (Section 3), criminalizes money… - Anti-Money Laundering Act of 2020 (AMLA 2020)
The AMLA 2020 significantly amends the Bank Secrecy Act (BSA) to strengthen the U.S. anti-money laundering framework. It mandates the creation of a national beneficial ownership registry for certain legal entities under… - Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - Part 2 Customer Due Diligence
This regulation outlines the requirements for reporting entities to carry out customer identification, verification, and ongoing due diligence procedures before and during the provision of designated services. - Anti-Money Laundering and Counter-Terrorism Financing Act 2006 - Part 3 Reporting Obligations
This part of the Act mandates that reporting entities must report suspicious matters, threshold transactions, and international funds transfer instructions to the AUSTRAC CEO. - Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies
The Financial Crimes Enforcement Network (FinCEN) is issuing this interpretive guidance to remind persons subject to the Bank Secrecy Act (BSA) how FinCEN regulations relating to money services businesses (MSBs) apply… - Australia AML/CTF Act 2006: Anti-Money Laundering and Counter-Terrorism Financing Act
The Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) establishes the AUSTRAC-administered regulatory framework for anti-money laundering and counter-terrorism financing in… - Australia Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act)
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) establishes Australia's primary AML/CTF regulatory framework, requiring reporting entities (financial institutions, gambling services,… - Australia Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) - AUSTRAC Designated Services, Reporting and Tranche 2 Expansion
The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) is the principal Australian federal statute establishing AML/CTF obligations on reporting entities providing designated services.… - Beneficial Ownership Information (BOI) Reporting Rule (31 CFR § 1010.380) under the Corporate Transparency Act (CTA)
This rule, under the Corporate Transparency Act, requires most corporations, LLCs, and other similar entities created in or registered to do business in the United States to report information about their beneficial… - Brazil Lei 9.613 de 3 de Marco de 1998 (Anti-Money Laundering Law) as Amended by Lei 12.683/2012 - Money Laundering Offence, Obliged Persons and COAF / UIF Reporting
Brazil's Lei 9.613 of 3 March 1998 (Lei de Lavagem de Dinheiro), as comprehensively amended by Lei 12.683 of 9 July 2012, is the principal federal statute criminalising money laundering in Brazil and imposing… - BSA SAR (Suspicious Activity)
The Bank Secrecy Act (BSA) requires financial institutions to file a Suspicious Activity Report (SAR) for any transaction that is suspicious, appears to involve illegal activity, or has no logical business purpose. it… - Canada Corruption of Foreign Public Officials Act 1998 (CFPOA)
The Corruption of Foreign Public Officials Act of Canada (Statutes of Canada 1998 chapter 34, Royal Assent 10 December 1998, in force 14 February 1999) implements the OECD Convention on Combating Bribery of Foreign… - Canada Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2000 (PCMLTFA)
The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA, S.C. 2000, c. 17) is Canada's primary AML/CTF legislation, establishing a mandatory compliance and reporting regime administered by the… - Casino Control Act 2006
The Casino Control Act 2006 obliges all licensed casino operators in Singapore to conduct AML/CFT customer due-diligence, enforce fit-and-proper assessments for licence holders, implement the exclusion regime (excluded… - Central Bank of Bahrain (CBB) Rulebook, Volume 1: Conventional Banks, Module FC: Financial Crime - Customer Due Diligence, PEPs, and Suspicious Transaction Reporting
The CBB Rulebook's Financial Crime (FC) Module mandates that all licensees in Bahrain implement a comprehensive, risk-based approach to AML/CFT, requiring detailed Customer Due Diligence (CDD), Enhanced Due Diligence… - Chile Law No. 19.913 Creating the Financial Analysis Unit (Anti-Money Laundering)
Chile's Law No. 19.913 creates the Financial Analysis Unit (UAF) (Article 1) and obliges listed reporting entities to report suspicious operations to the UAF (Article 3), report cross-border transport of cash exceeding… - Code monetaire et financier - AML/CFT obligations (Articles L561-1 et seq., Tracfin regime)
France's AML/CFT obligations are set out in the Code monetaire et financier at Articles L561-1 and following. Article L561-2 lists the obliged entities (personnes assujetties) such as credit and payment institutions;… - Corporate Transparency Act 2020 - 31 USC 5336 Beneficial Ownership Reporting
Section 5336 of title 31 of the United States Code, the Corporate Transparency Act of 2020 (CTA, Title LXIV of the National Defense Authorization Act for Fiscal Year 2021, Public Law 116-283 enacted 1 January 2021),… - Costa Rica Law No. 7786 on Narcotics, Money Laundering and Terrorist Financing
Costa Rica's Law No. 7786 (as amended) lists the obliged subjects supervised by SUGEF, SUGEVAL, SUPEN and SUGESE (Articles 14 and 15) and other designated non-financial businesses (Article 15 bis), requires customer… - Criminal Justice (Money Laundering and Terrorist Financing) Act 2010
The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6 of 2010) is Ireland's principal AML/CFT statute. It requires designated persons to apply customer due diligence (Section 33), enhanced… - Crypto AML Travel Rule
The FATF Travel Rule (Recommendation 16), as applied to Virtual Asset Service Providers (VASPs) through FATF Guidance on Virtual Assets (2019, updated 2021), requires that originating VASPs transmit specific identifying… - Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law
The EU's Sixth Anti-Money Laundering Directive (6AMLD) harmonises the definition of 22 predicate criminal offenses for money laundering across all member states, extends criminal liability to legal persons… - Directive (EU) 2018/843 (5AMLD) - Real Estate Agent Customer Due Diligence and High-Value Transaction Reporting
The EU's Fifth Anti-Money Laundering Directive (5AMLD) mandates that real estate agents, acting as intermediaries for both buyers and sellers, must perform Customer Due Diligence (CDD) for all property transactions and… - Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Fifth Anti-Money Laundering Directive)
Real estate professionals acting in property transactions involving the purchase or sale of real estate must conduct customer due diligence (CDD) when the transaction involves a cash payment of €10,000 or more, or when… - Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Fifth Anti-Money Laundering Directive) - Gambling Sector Provisions
The Directive requires gambling service providers to apply customer due diligence for transactions equal to or above EUR 2,000 (Article 31), adopt a risk‑based approach (Article 33), identify beneficial owners (Article… - Directive (EU) 2019/713 of the European Parliament and of the Council of 17 April 2019 on combating fraud and counterfeiting of non-cash means of payment
This Directive establishes minimum rules on the definition of criminal offences and sanctions in the area of fraud and counterfeiting of non-cash means of payment (Article 1). It criminalises the fraudulent use of… - EBA Guidelines on ML/TF Risk Factors (EBA/GL/2021/02 as amended) - Risk-Based Customer Due Diligence for EU Financial Sector Obliged Entities
The European Banking Authority (EBA) Guidelines on ML/TF Risk Factors (EBA/GL/2021/02, originally issued 1 March 2021 under Articles 17 and 18(4) of Directive (EU) 2015/849 (4AMLD) and Article 16 of Regulation (EU)… - El Salvador Law Against Money Laundering and Assets (Decree No. 498)
El Salvador's Law Against Money Laundering and Assets (Decree No. 498) is the country's principal anti-money laundering statute: it defines its purpose (Article 1) and obliged subjects (Article 2), creates the Financial… - EU 6th Anti-Money Laundering Directive (6AMLD) 2018/1673 - Criminal Liability for Money Laundering and Expanded Predicate Offences
6AMLD (Directive 2018/1673) harmonises the criminal definition of money laundering across EU Member States, expands the list of 22 predicate offences (including cybercrime, environmental crime, and tax offences),… - EU 6th Anti-Money Laundering Directive 2018/1673 - Criminal Liability and Predicate Offences
Directive (EU) 2018/1673 (6AMLD) harmonises criminal law provisions for money laundering across EU Member States, expanding the list of predicate offences to 22 categories, extending liability to legal persons, and… - EU Anti-Money Laundering Regulation (EU) 2024/1624
EU Regulation 2024/1624 (the AML Regulation) is part of the EU AML/CFT package adopted 31 May 2024 alongside Directive 2024/1640 (AMLD6) and Regulation 2024/1620 (AMLA Regulation). The AML Regulation creates the first… - EU Directive 2024/1640 (AMLD6 2024) - Member State Mechanisms for AML/CFT Supervision, Beneficial Ownership Registers and Financial Intelligence Units
Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money… - EU Online Gambling Services - Anti-Money Laundering (AML) Due Diligence Under 4AMLD
Directive (EU) 2015/849 (4AMLD) Article 2(1)(f) includes "providers of gambling services" as obliged entities subject to anti-money laundering and counter-terrorist financing (AML/CTF) requirements. The Directive… - EU Regulation 2024/1620 - Establishment of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA)
Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024 establishes the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), the new central EU agency… - FATF 40 Recommendations 2023 Consolidated - AML/CFT/CPF International Standards: Risk-Based Approach, Customer Due Diligence, Beneficial Ownership, Correspondent Banking, Wire Transfer Rules and VASP Supervision
This comprehensive set of international standards requires countries and their financial institutions to implement a risk-based approach (Recommendation 1) to combat money laundering, terrorist financing, and… - FATF Guidance on Beneficial Ownership of Legal Persons and Arrangements 2023 - Ultimate Beneficial Owner Definition, National Registry Requirements, Nominee Shareholders and Verification Mechanisms
This FATF guidance mandates countries to ensure competent authorities have timely access to adequate, accurate, and up-to-date information on the ultimate beneficial owners (UBOs) of legal persons, as required by the… - FATF Guidance on the Risk-Based Approach for the Gambling Sector 2021
This guidance requires gambling operators and financial intelligence units to implement risk-based anti-money laundering and counter-terrorist financing (AML/CFT) controls, including customer due diligence, ongoing… - FATF Guidance on Virtual Assets and Gaming 2019 - Travel Rule, Customer Due Diligence, Risk Assessment and AML/CFT Programme Requirements for Virtual Asset Service Providers and Gaming Platforms
The FATF Guidance 2019 obliges all Virtual Asset Service Providers (VASPs) and crypto-gaming platforms to implement the Travel Rule for crypto transfers (Section 3), conduct comprehensive Customer Due Diligence (Section… - FATF Methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT systems (2022)
This methodology establishes the global standard for peer-review mutual evaluations of a country's anti-money laundering and counter-terrorist financing (AML/CFT) framework. It assesses both technical compliance with… - FATF Recommendation 16 - Travel Rule for Virtual Assets 2019 (Updated 2023): Originator and Beneficiary Information Transmission Requirement (Name/Account/Address) for Transfers over USD/EUR 1,000, VASP-to-VASP Obligations, Sunrise Issue Guidance and Technical Solutions
FATF Recommendation 16 requires Virtual Asset Service Providers (VASPs) to collect, verify, and transmit originator and beneficiary information for virtual asset transfers exceeding USD/EUR 1,000, including name,… - FATF Recommendation 16 - Wire Transfers and Virtual Assets Travel Rule: Originator/Beneficiary Information Requirements and VASP-to-VASP Data Transmission
FATF Recommendation 16 requires virtual asset service providers (VASPs) to obtain, hold, and transmit accurate originator and beneficiary information for virtual asset transfers above USD/EUR 1,000, mirroring the wire… - FATF Recommendation 16 (Travel Rule)
FATF Recommendation 16, also known as the 'Travel Rule', is the global AML/CFT standard for virtual assets. It requires Virtual Asset Service Providers (VASPs) to collect and transmit originator and beneficiary… - FATF Recommendation 16: Wire Transfers (Interpretive Note for Virtual Assets) - The Travel Rule
This regulation requires Virtual Asset Service Providers (VASPs) to obtain, hold, and transmit required originator and beneficiary information for virtual asset transfers at or above USD/EUR 1,000 to combat money… - FATF Risk-Based Approach Guidance for the Banking Sector
This guidance requires banks to implement a risk-based approach (RBA) to anti-money laundering and counter-terrorist financing (AML/CFT), mandating the identification, assessment, and mitigation of risks. It provides… - FATF Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers (2021)
This updated FATF guidance clarifies and expands the definition of Virtual Asset Service Providers (VASPs) to potentially include DeFi arrangements and requires member countries to implement Recommendation 16 (the… - FATF Virtual Asset Red Flags
The FATF Virtual Asset Red Flag Indicators (2020) provides a report to assist financial institutions and Virtual Asset Service Providers (VASPs) in identifying potential money laundering and terrorist financing… - FCPA Anti-Bribery (US)
The Foreign Corrupt Practices Act (FCPA) of 1977 is a U.S. federal law prohibiting the payment of bribes to foreign officials to assist in obtaining or retaining business. It applies to all U.S. persons, issuers, and… - Fiji Financial Transactions Reporting Act 2004
Fiji's Financial Transactions Reporting Act 2004 requires financial institutions to verify customer identity (Section 4), maintain records (Section 8), monitor transactions (Section 10), conduct due diligence (Section… - Financial Intelligence Centre Act 38 of 2001
The Financial Intelligence Centre Act (FICA) is South Africa's primary anti-money laundering (AML) and counter-terrorist financing (CTF) legislation, requiring accountable institutions to implement a risk-based… - FinCEN Customer Due Diligence (CDD) Final Rule 2016 - Beneficial Ownership Identification, Verification Procedures and 25% Ownership Threshold for Legal Entity Customers
The CDD Final Rule requires covered financial institutions to identify and verify the identity of beneficial owners of legal entity customers who own 25 percent or more of the entity or who control the entity, as part… - Foreign Corrupt Practices Act of 1977 (FCPA): Anti-Bribery and Books & Records Provisions
The FCPA prohibits U.S. persons and entities from offering, paying, or promising anything of value to foreign officials to obtain or retain business (15 U.S.C. §§ 78dd-1, et seq.). It also mandates that issuers maintain… - Georgia Law on Facilitating the Prevention of Money Laundering and the Financing of Terrorism
Georgia's Law on Facilitating the Prevention of Money Laundering and the Financing of Terrorism obliges accountable persons (Article 3) to evaluate and manage risk (Article 8), implement preventive customer due… - Germany Money Laundering Act 2017 (Geldwäschegesetz, GwG, as amended)
The Money Laundering Act 2017 (Geldwäschegesetz, GwG) is Germany's principal anti-money laundering and counter-terrorist financing statute, transposing the EU 4th Anti-Money Laundering Directive (2015/849) and… - Grenada Money Laundering (Prevention) Act (Cap. 197A)
Grenada's Money Laundering (Prevention) Act (Cap. 197A) creates the offence of money laundering (Section 3) and prohibits tipping off (Section 6), establishes a Supervisory Authority with powers and functions (Sections… - Grenada Proceeds of Crime Act (Cap. 256A)
Grenada's Proceeds of Crime Act (Cap. 256A) provides for confiscation of the proceeds of drug trafficking and relevant offences (Sections 9 and 10), restraint and charging orders to preserve realisable property… - GUIDANCE ON PROLIFERATION FINANCING RISK ASSESSMENT AND MITIGATION
This non-binding Guidance from the Financial Action Task Force (FATF) aims to develop a common understanding of the amendments to FATF Recommendation 1, which require countries and private sector entities to identify,… - Hobbs Act 1946 - 18 USC 1951 Interference with Commerce by Threats or Violence
Section 1951 of title 18 of the United States Code, commonly known as the Hobbs Act, criminalises any obstruction, delay, or affect on commerce by robbery or extortion, and any conspiracy to do so or any threatened or… - Hong Kong Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap 615)
The Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap 615, Ordinance No. 27 of 2011) is Hong Kong's principal AML / CTF statute. The Ordinance was in force from 1 April 2012 and has been materially… - Hong Kong Prevention of Bribery Ordinance (Cap 201)
The Prevention of Bribery Ordinance (Cap 201) is Hong Kong's principal anti-corruption statute. Originally enacted as Ordinance No. 102 of 1970 it was in force from 14 May 1971 and has been consolidated as Cap 201 of… - International Convention for the Suppression of the Financing of Terrorism, 1999
The 1999 UN Convention criminalizes the wilful provision or collection of funds intended to finance terrorist acts (Article 2) and requires each State Party to establish these as criminal offences with appropriate… - IOSCO Principles on Client Identification and Beneficial Ownership for the Securities Industry (May 2004) - Client Due Diligence Obligations for Authorized Securities Service Providers
The IOSCO Principles on Client Identification and Beneficial Ownership for the Securities Industry (May 2004) set out the Client Due Diligence (CDD) process that Authorized Securities Service Providers (ASSPs, such as… - Iran Anti-Money Laundering Law 2008
Iran's Anti-Money Laundering Law (2008) defines money laundering (Article 1) and the offence (Article 2), forms the Anti-Money Laundering High Council to collect, analyse and forward intelligence (Article 4), obliges… - Iraq Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015
Iraq's Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015 criminalises money laundering (Article 2) and requires financial institutions and DNFBPs to apply customer due diligence and identify… - ISO 37001 (Anti-Bribery)
Conformance with the ISO 37001 standard requires establishing and maintaining a robust anti-bribery management system (ABMS). This operational framework mandates a formally documented ABMS policy and oversight by a… - ISO 37001:2016 Anti-Bribery Management Systems - Requirements and Guidance for Implementation
ISO 37001:2016 specifies requirements for establishing, implementing, maintaining, and improving an anti-bribery management system (ABMS) to prevent, detect, and respond to bribery. The standard, based on the… - Ley 10/2010 de prevencion del blanqueo de capitales y de la financiacion del terrorismo
Spain's Ley 10/2010 sets out AML/CFT obligations for obliged entities. Article 1.2 defines money laundering (blanqueo de capitales) as the conversion or transfer of property knowing it derives from criminal activity;… - Mail Fraud - 18 USC 1341 Frauds and Swindles by Postal or Private Carrier
Section 1341 of title 18 of the United States Code criminalises any scheme or artifice to defraud or to obtain money or property by means of false or fraudulent pretenses, representations, or promises, where the actor… - Mexico Federal Law for the Prevention and Identification of Transactions with Illicitly Obtained Funds (LFPIORPI) 2012
The Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita (LFPIORPI - Federal Law for the Prevention and Identification of Transactions with Illicitly Obtained Funds) was… - Money Laundering Control Act (Taiwan, ROC)
Taiwan's Money Laundering Control Act, administered by the Ministry of Justice, defines the money laundering offence in Article 2, requires risk-based customer due diligence in Article 8, mandates record retention of at… - Money Laundering Control Act 1986 - 18 USC 1956 Laundering of Monetary Instruments
Section 1956 of title 18 of the United States Code criminalises the laundering of monetary instruments where the proceeds derive from a specified unlawful activity (SUA). Enacted as section 1352(a) of Public Law 99-570… - Nauru Anti-Money Laundering and Targeted Financial Sanctions Act 2023
Nauru's Anti-Money Laundering and Targeted Financial Sanctions Act 2023 defines reporting entities (Section 7) and politically exposed persons (Section 6), and requires each reporting entity to conduct a business risk… - Netherlands Anti-Money Laundering and Counter-Terrorist Financing Act 2008 (Wet ter voorkoming van witwassen en financieren van terrorisme - Wwft)
The Wwft (Wet ter voorkoming van witwassen en financieren van terrorisme - Act on the Prevention of Money Laundering and Financing of Terrorism) is the Netherlands' principal anti-money laundering and counter-terrorist… - New Zealand Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act)
The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 establishes New Zealand's AML/CFT regulatory framework, requiring reporting entities (banks, non-bank deposit takers, life insurers, money… - Norway Anti-Money Laundering Act (Act of 1 June 2018 No. 23)
Norway's Anti-Money Laundering Act (LOV-2018-06-01-23, in force 15 October 2018) requires obliged entities to take a risk-based approach (Sections 6-7), apply customer due diligence (Sections 9-14), conduct enhanced due… - Norway Finanstilsynet Crypto AML Registration 2023 - AMLA Compliance for VASPs: Registration with FSA, Anti-Money Laundering Act Obligations, Travel Rule Implementation, Suspicious Transaction Reporting and Enhanced Due Diligence for PEPs
Virtual Asset Service Providers (VASPs) operating in Norway must register with Finanstilsynet and comply with the Anti-Money Laundering Act (hvitvaskingsloven, LOV-2018-06-01-23, in force 15 October 2018), including… - OECD Anti-Bribery Convention 1997 - Foreign Public Official Bribery Offence and Working Group Peer Review
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, adopted on 21 November 1997 and entered into force on 15 February 1999, is the principal international… - OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
This convention requires signatory countries to criminalize the act of intentionally offering, promising, or giving any undue pecuniary or other advantage to a foreign public official to obtain or retain business or… - Pakistan Anti-Money Laundering Act 2010 (as amended up to 2020)
Pakistan's Anti-Money Laundering Act 2010 (as amended in 2020) defines the offence of money laundering (Section 3), establishes the Financial Monitoring Unit (Section 6), and requires reporting entities to apply… - Prevention of Money Laundering Act, No. 5 of 2006
Sri Lanka's Prevention of Money Laundering Act, No. 5 of 2006 criminalizes money laundering in Section 3, imposes a duty to disclose knowledge or belief of money laundering to the Financial Intelligence Unit in Section… - Proceeds of Crime (Money Laundering) and Terrorist Financing Act, S.C. 2000, c. 17 - Interpretation
This article establishes the foundational definitions for key terms such as client, entity, money laundering offence, and terrorist activity financing offence, which are essential for interpreting compliance obligations… - Proceeds of Crime Act 2002 (POCA) - Part 7: Money Laundering
The UK Proceeds of Crime Act 2002 (POCA) establishes the primary money laundering offences, including concealing, arranging, or acquiring criminal property (Sections 327-329), and mandates individuals in the regulated… - Proceeds of Crime Act 2002, Part 7
Organizations must navigate the legislative framework to identify the current in-force provisions of the Proceeds of Crime Act 2002, Part 7, while being aware of future changes and annotations. - Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing
This proposal establishes directly applicable EU-wide rules to prevent money laundering and terrorist financing, expanding obligations to crypto-asset service providers, crowdfunding platforms, and migration operators,… - Qatar Law No. 20 of 2019 on Combating Money Laundering and Terrorism Financing
Qatar's Law No. 20 of 2019 criminalises money laundering (Article 2) and requires financial institutions and DNFBPs to apply customer due diligence and identify beneficial owners (Articles 10-11), apply enhanced due… - Regulation (EU) 2018/1805 of the European Parliament and of the Council of 14 November 2018 on the mutual recognition of freezing orders and confiscation orders
This Regulation lays down the rules under which a Member State recognises and executes freezing orders and confiscation orders issued by another Member State in criminal matters (Article 1). For a list of offences… - Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010
This regulation establishes the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) as the central EU authority for direct and indirect supervision of high-risk obliged entities to… - Regulation (EU) 2024/1624 on preventing the use of the financial system for the purposes of money laundering or terrorist financing, and amending Regulation (EU) No 909/2014, Directive (EU) 2015/849 and other related acts - Crypto-Asset Service Providers as Obliged Entities
This regulation establishes that all Crypto-Asset Service Providers (CASPs) are obliged entities under EU AML rules, requiring Customer Due Diligence (CDD) on all transactions without de minimis thresholds (Article 17),… - Regulation (EU) 2024/1624 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing
This regulation establishes a directly applicable single rulebook for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) across the EU, imposing harmonised Customer Due Diligence (CDD) measures… - Regulation (EU) 2024/1624 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing
This regulation establishes a unified, directly applicable Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) rulebook for the EU, mandating obliged entities to conduct risk assessments, perform customer… - RICO Organized Crime Control Act - 18 USC 1961 Racketeer Influenced and Corrupt Organizations Definitions
Section 1961 of title 18 of the United States Code provides the definitional core of the Racketeer Influenced and Corrupt Organizations Act, enacted as Title IX of the Organized Crime Control Act of 1970 (Public Law… - Rwanda Regulation No. 01/2022 on Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing
Rwanda's Regulation No. 01/2022 on Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing requires reporting persons to register (Article 3), designate reporting staff (Article 6),… - Sanctions and Anti-Money Laundering Act 2018
The Sanctions and Anti-Money Laundering Act 2018 (SAMLA) empowers the UK government to impose and enforce autonomous sanctions regimes post-Brexit, including financial, trade, shipping, and immigration sanctions. It… - Saudi Arabia Anti-Money Laundering Law - Royal Decree M/20 dated 05/02/1439H (2017) and Implementing Regulations
The Anti-Money Laundering Law of the Kingdom of Saudi Arabia was issued by Royal Decree No. M/20 dated 05/02/1439H (corresponding to 25 October 2017 of the Gregorian calendar), repealing and replacing the prior Royal… - Sound management of risks related to money laundering and financing of terrorism (BCBS, July 2020 consolidated revision, d505)
These Basel Committee guidelines describe how banks should manage money laundering and financing of terrorism risks within overall risk management, built on a comprehensive risk assessment (paragraphs 15 to 16), board… - Standards for Anti-Money Laundering and Combating the Financing of Terrorism and Illicit Organizations for Licensed Financial Institutions
This standard mandates that all Licensed Financial Institutions (LFIs) in the UAE implement a comprehensive, risk-based approach to AML/CFT, including conducting Customer Due Diligence (CDD), applying Enhanced Due… - The FATF Recommendations
This standard requires countries to implement a comprehensive and consistent framework of measures to combat money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction,… - The FATF Recommendations
The FATF Recommendations establish a comprehensive and consistent framework of measures for countries to implement in order to combat money laundering, terrorist financing, and the financing of proliferation of weapons… - The FATF Recommendations
Countries must implement a comprehensive and consistent framework of measures, adapted to their particular circumstances, to combat money laundering, terrorist financing, and the financing of proliferation of weapons of… - The FATF Recommendations - Recommendation 15: New Technologies
Countries should identify and assess the money laundering and terrorist financing risks that may arise in relation to the development of new products and new business practices, and take appropriate measures to manage… - The FATF Recommendations - Recommendation 6: Targeted Financial Sanctions Related to Terrorism & Terrorist Financing
Countries must implement the FATF's comprehensive and consistent framework of measures for combating terrorist financing, adapting them to their particular legal, administrative, and operational circumstances. - The FATF Recommendations: Recommendation 3 - Money Laundering Offence
Countries must implement a comprehensive and consistent framework of measures to combat money laundering, terrorist financing, and proliferation financing, adapting these measures to their particular circumstances. - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended)
This regulation requires UK financial institutions, legal professionals, and other relevant persons to conduct firm-wide risk assessments (Regulation 18), apply customer due diligence (CDD) measures (Regulation 28), and… - The Wolfsberg Group Anti-Money Laundering Principles for Correspondent Banking
This standard requires financial institutions (Correspondent Banks) to conduct risk-based due diligence on their respondent bank clients to prevent money laundering and terrorist financing. Key requirements, detailed in… - Travel Act 1961 - 18 USC 1952 Interstate and Foreign Travel in Aid of Racketeering
Section 1952 of title 18 of the United States Code, the Travel Act enacted by Public Law 87-228 on 13 September 1961, criminalises travel in interstate or foreign commerce or use of the mails or any facility in… - UK Bribery Act 2010
The UK Bribery Act 2010 is one of the strictest anti-corruption laws in the world. It prohibits bribing, being bribed, and bribing foreign officials. Critically, it introduces a strict liability offense for commercial… - UK Bribery Act 2010 Section 1 - Offences of Bribing Another Person (Case 1 Inducement or Reward, Case 2 Knowledge of Improper Performance, Direct or Through Third Party, Strict Liability Within Cases)
Section 1 of the Bribery Act 2010 (c. 23) creates the active bribery offence - the offence of offering, promising, or giving a bribe to another person. Under section 1(1), a person 'P' is guilty if either Case 1 or Case… - UK Bribery Act 2010 Section 2 - Offences Relating to Being Bribed (Cases 3-6: Request, Agreement, Acceptance with Intent or Reward or Consequent Improper Performance)
Section 2 of the Bribery Act 2010 (c. 23) creates the passive bribery offence - the offence of being bribed by another person, the counterpart to the section 1 active bribery offence. Section 2 establishes four cases.… - UK Bribery Act 2010 Section 6 - Bribery of Foreign Public Officials (FPO Definition, Intent to Influence in Official Capacity, Business Advantage Test, Written Law of Country Concerned, Public International Organisations)
Section 6 of the Bribery Act 2010 (c. 23) creates a distinct offence of bribery of foreign public officials (FPOs) - a standalone offence with elements differing from the section 1 active bribery offence. Under section… - UK Bribery Act 2010 Section 7 - Failure of Commercial Organisations to Prevent Bribery (Strict Liability Corporate Offence, Associated Person Test, Adequate Procedures Defence)
Section 7 of the Bribery Act 2010 (c. 23) creates the foundational UK strict-liability corporate offence of failure of commercial organisations to prevent bribery - the model for all subsequent UK 'failure to prevent'… - UK Bribery Act 2010: Section 7 'Failure of commercial organisations to prevent bribery' and the 'Adequate Procedures' Defence (Six Principles)
Under Section 7 of the UK Bribery Act 2010, a commercial organisation faces strict liability for failing to prevent bribery by an associated person. The only defence is to prove that the organisation had 'adequate… - UK Criminal Finances Act 2017 (c. 22): Unexplained Wealth Orders and Corporate Failure to Prevent the Facilitation of Tax Evasion
The Criminal Finances Act 2017 (c. 22) strengthens the United Kingdom's powers to recover the proceeds of crime, counter terrorist financing, and tackle money laundering, and creates new corporate criminal offences for… - UK Criminal Finances Act 2017 Section 45 - Failure to Prevent Facilitation of UK Tax Evasion (Strict Liability Corporate Offence, Reasonable Procedures Defence, Associated Person)
Section 45 of the Criminal Finances Act 2017 (c. 22) creates the strict-liability corporate offence of failure to prevent facilitation of UK tax evasion - the second of the UK 'failure to prevent' corporate liability… - UK Criminal Finances Act 2017 Section 46 - Failure to Prevent Facilitation of Foreign Tax Evasion (UK Nexus Conditions, Dual Criminality, Reasonable Procedures Defence)
Section 46 of the Criminal Finances Act 2017 (c. 22) creates the strict-liability corporate offence of failure to prevent facilitation of foreign tax evasion, complementing the domestic offence under section 45. Under… - UK Economic Crime and Corporate Transparency Act 2023 (c. 56): Companies House Reform, Identity Verification and the Failure to Prevent Fraud Offence
The Economic Crime and Corporate Transparency Act 2023 (c. 56) overhauls the United Kingdom's corporate transparency regime to bear down on the abuse of corporate structures for economic crime, reforming the role of the… - UK Fraud Act 2006 Section 11 - Obtaining Services Dishonestly (Services Available on Payment Basis, Dishonest Avoidance of Payment, Knowledge and Intent)
Section 11 of the Fraud Act 2006 (c. 35) creates the offence of obtaining services dishonestly. The offence occurs when a person obtains services for himself or another by a dishonest act, the services are made… - UK Fraud Act 2006 Section 3 - Fraud by Failing to Disclose Information (Legal Duty Threshold, Dishonest Failure, Intent to Gain or Cause Loss)
Section 3 of the Fraud Act 2006 (c. 35) creates the offence of fraud by failing to disclose information. A person is in breach where he (a) dishonestly fails to disclose to another person information which he is under a… - UK Fraud Act 2006 Section 4 - Fraud by Abuse of Position (Position to Safeguard Financial Interests, Dishonest Abuse, Omission Sufficient)
Section 4 of the Fraud Act 2006 (c. 35) creates the offence of fraud by abuse of position. Under section 4(1), a person is in breach if he (a) occupies a position in which he is expected to safeguard, or not to act… - UK Fraud Act 2006 Section 6 - Possession Etc of Articles for Use in Frauds (Possession or Under Control of Any Article for Use in Course of or in Connection with Any Fraud)
Section 6 of the Fraud Act 2006 (c. 35) creates the offence of possession etc of articles for use in frauds. Under section 6(1), a person is guilty of an offence if he has in his possession or under his control any… - UK Modern Slavery Act 2015 Section 2 - Human Trafficking Offence (Arrangement/Facilitation of Travel for Exploitation, V Consent Irrelevant, Recruitment/Transportation/Harbouring/Exchange of Control, UK National Worldwide Jurisdiction, Non-UK National UK-Connected Conduct)
Section 2 of the Modern Slavery Act 2015 (c. 30) creates the criminal offence of human trafficking. Under section 2(1), a person commits an offence if the person arranges or facilitates the travel of another person (V)… - UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
The UK Money Laundering Regulations 2017 (SI 2017/692) impose AML/CFT obligations on relevant persons: documented risk assessment (Regulation 18), policies, controls and procedures (Regulation 19), customer due… - UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
The UK Money Laundering Regulations 2017 (MLR 2017) transpose the EU Fourth Anti-Money Laundering Directive (4AMLD) into UK law and were amended by the 2019 Regulations to transpose 5AMLD. They impose customer due… - UK Proceeds of Crime Act 2002 Section 327 - Concealing etc Criminal Property (Concealment, Disguise, Conversion, Transfer, Removal from UK)
Section 327 of the Proceeds of Crime Act 2002 (c. 29) is the first of the three principal UK money laundering offences (sections 327-329) and operates as the primary statutory tool for prosecuting concealment, disguise,… - UK Proceeds of Crime Act 2002 Section 328 - Arrangements (Enters Into or Becomes Concerned, Acquisition Retention Use Control of Criminal Property by Another)
Section 328 of the Proceeds of Crime Act 2002 (c. 29) is the second of the three principal UK money laundering offences. Under section 328(1), a person commits an offence if he enters into or becomes concerned in an… - UK Proceeds of Crime Act 2002 Section 329 - Acquisition Use and Possession of Criminal Property (Adequate Consideration Defence, Authorised Disclosure)
Section 329 of the Proceeds of Crime Act 2002 (c. 29) is the third of the three principal UK money laundering offences and operates as the catch-all for prosecuting acquisition, use, or possession of criminal property… - UK Proceeds of Crime Act 2002 Section 330 - Failure to Disclose: Regulated Sector (Knowledge or Suspicion Threshold, Information in the Course of Business, NCA SAR Filing Duty, Training Defence)
Section 330 of the Proceeds of Crime Act 2002 (c. 29) imposes a positive disclosure duty on persons in the regulated sector to report knowledge or suspicion of money laundering to the National Crime Agency (or to a… - UK Proceeds of Crime Act 2002 Section 333A - Tipping Off Regulated Sector (Prejudice to Investigation, Disclosure of SAR Filing, Permitted Carve-outs sections 333B-D)
Section 333A of the Proceeds of Crime Act 2002 (c. 29) creates the regulated-sector tipping-off offence and operates as the companion prohibition to the section 330/331/332 disclosure duty. Under section 333A(1), a… - UK Sanctions and Anti-Money Laundering Act 2018
The UK Sanctions and Anti-Money Laundering Act 2018 (SAMLA) provides post-Brexit UK statutory authority for autonomous sanctions regimes and anti-money laundering regulations. Part 1 empowers the Secretary of State to… - UK Sanctions and Anti-Money Laundering Act 2018 (c. 13): Post-Brexit Powers to Make Sanctions and Money Laundering Regulations
The Sanctions and Anti-Money Laundering Act 2018 (c. 13) is the United Kingdom's primary post-Brexit statutory framework for imposing and administering sanctions and for making money laundering and terrorist financing… - UK Terrorism Act 2000 Section 15 - Terrorist Fund-Raising (Invitation, Receipt, Provision of Money or Property, Reasonable Cause to Suspect Test)
Section 15 of the Terrorism Act 2000 (c. 11) creates the primary UK terrorist financing offence and operates as the legal foundation for the UK Counter-Terrorist Financing (CTF) regime, the National Crime Agency UKFIU… - UK Theft Act 1968 Section 1 - Basic Definition of Theft (Dishonest Appropriation, Property Belonging to Another, Intention to Permanently Deprive)
Section 1 of the Theft Act 1968 (c. 60) provides the foundational UK criminal definition of theft. Under section 1(1), a person is guilty of theft if he dishonestly appropriates property belonging to another with the… - United Arab Emirates Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism
Federal Decree-Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations (the UAE AML/CFT Law) entered into force on 30 October 2018, replacing Federal Law No. 4 of… - United Kingdom Proceeds of Crime Act 2002 (POCA): Confiscation Orders, Civil Recovery of Proceeds of Unlawful Conduct, Cash Forfeiture, Restraint Orders, Money Laundering Offences (Concealing Arrangements Acquisition Use and Possession), Failure to Disclose in Regulated Sector, Tipping Off, and Authorised Disclosures
The Proceeds of Crime Act 2002 (POCA), chapter 29 of 2002, received Royal Assent on 24 July 2002 and is the principal United Kingdom statute providing for the confiscation and civil recovery of the proceeds of crime and… - United Nations Security Council Consolidated Sanctions List - Article 41 Charter Measures, 1267 / 1989 / 2253 ISIL and Al-Qaida, 1718 DPRK, 2231 Iran, 1988 Taliban Frameworks
The United Nations Security Council Consolidated Sanctions List is the aggregated list of individuals, entities, vessels and other targets subject to UN Security Council sanctions measures adopted under Chapter VII… - United States Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Public Law 112-105): Definitions, Prohibition of Insider Trading by Members and Employees of Congress, Prompt Reporting of Financial Transactions, Public Disclosure of Financial Forms, Initial Public Offerings Restrictions, Post-Employment Negotiation Disclosure, and Wrongful Influence of Private Employment Decisions
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012, Public Law 112-105 of 4 April 2012, is the principal federal statute affirming that Members of Congress and federal officials are subject to the insider… - UPDATED GUIDANCE FOR A RISK-BASED APPROACH VIRTUAL ASSETS AND VIRTUAL ASSET SERVICE PROVIDERS
In October 2018, the Financial Action Task Force (FATF) adopted changes to its Recommendations to explicitly clarify that they apply to financial activities involving virtual assets (VAs) and introduced definitions for… - US 31 CFR Chapter X: Financial Crimes Enforcement Network (FinCEN) Regulations
US 31 CFR Chapter X contains the FinCEN regulations implementing the Bank Secrecy Act. The chapter is organised by financial institution type: banks (Part 1020), brokers/dealers (1023), futures commission merchants… - US 31 CFR Part 1010: General Provisions (FinCEN Bank Secrecy Act)
US 31 CFR Part 1010 contains the general provisions implementing the Bank Secrecy Act (BSA) that apply across all financial institution categories regulated by FinCEN including banks, money services businesses (MSBs),… - US 31 CFR Part 1020: Rules for Banks (FinCEN BSA)
US 31 CFR Part 1020 contains BSA rules specific to banks including the Anti-Money Laundering Program rule requiring banks to develop, implement, and maintain a written AML program with the five pillars: (1) internal… - US 31 CFR Part 501: Reporting Procedures and Penalties Regulations (OFAC)
US 31 CFR Part 501 establishes the reporting, procedures, and penalties framework applicable to OFAC sanctions programs including Specially Designated Nationals (SDN) List, Sectoral Sanctions Identifications (SSI) List,… - US Anti-Money Laundering Act of 2020 (AMLA 2020) - NDAA FY 2021 Division F - Bank Secrecy Act Modernization and Corporate Transparency Act
The Anti-Money Laundering Act of 2020 (AMLA 2020) is Division F of the National Defense Authorization Act for Fiscal Year 2021 (Pub. L. 116-283), enacted over presidential veto on 1 January 2021. AMLA 2020 is the most… - US Bank Secrecy Act - 31 CFR Part 1010 FinCEN AML Currency Transaction & SAR Reporting
The Bank Secrecy Act (31 USC 5311) requires financial institutions to file Currency Transaction Reports (CTRs) for cash transactions over $10,000, Suspicious Activity Reports (SARs) within 30 days of suspicious activity… - US Bank Secrecy Act - 31 USC §§ 5311-5314 (Reports of Currency and Foreign Transactions)
The US Bank Secrecy Act at 31 USC 5311 to 5314 establishes the statutory framework for the federal anti-money laundering regime administered by FinCEN. The provisions declare the policy of reporting currency… - US Bank Secrecy Act - 31 USC 5331 Reports Relating to Coins and Currency Received in Nonfinancial Trade or Business
31 USC 5331 titled 'Reports relating to coins and currency received in nonfinancial trade or business' is the Bank Secrecy Act provision requiring nonfinancial trades or businesses to report large cash receipts to the… - US Bank Secrecy Act (31 USC ch 53 subch II): Currency Transaction Reports, AML Programs and Anti-Structuring
The Bank Secrecy Act (31 U.S.C. ch. 53, subchapter II) is the foundational US anti-money-laundering statute, administered by the Financial Crimes Enforcement Network (FinCEN) within the Department of the Treasury.… - US Bank Secrecy Act (BSA) 31 CFR Chapter X - Financial Institution AML Programme Requirements: Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), Customer Identification Programme and FBAR
The Bank Secrecy Act (BSA), codified under 31 CFR Chapter X, mandates that U.S. financial institutions establish comprehensive anti-money laundering (AML) programs to prevent financial crimes. This includes implementing…
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