An Update on Progress
As of July 2023, the European Union’s (EU) proposed new anti-money laundering and countering the financing of terrorism (AML/CFT) framework is continuing to progress through legislative processes. Now under negotiation between the European Commission, Parliament, and Council, and with broad support from all three (…)
BGFI Holding Corporation achieves AML 30000 and MSI 20000 certifications
In a committed effort, the BGFIBank Group is honored with merit: BGFI Holding Corporation is now AML 30000 and MSI 20000 certified to meet compliance requirements with its stakeholders. In line with the guidelines set forth in its ‘Dynamique 2025’ corporate project, BGFI Holding Corporation (…)
Global Conference, September 26-27, Bonn
On September 26-27, the EU Global Facility, the GIZ Global Programme ‘Combating Illicit Financial Flows’ and the Global NPO Coalition on FATF co-organised a major global multi-stakeholder consultation in Bonn, Germany. This marked the successful end to a six-month consultation process of Not-for-Profit Organisations (NPOs) around the globe (…)
EFRAG welcomes the final adoption of the ESRS by the European institutions
With the end of the co-legislators’ scrutiny period, the first set of twelve sector-agnostic ESRS providing for a proportionate but comprehensive reporting of environmental, social and governance matters is now integrated in the European legal framework. This is a further milestone (…)
Jurisdictions under Increased Monitoring – 23 June 2023
Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring (…)
Facing growing organized crime, the UN and Member States focus on intensifying cooperation efforts
The Third Committee, responsible for social, humanitarian, and cultural issues, today addressed matters related to crime prevention and criminal justice, as well as combating the use of information and communication technologies (ICTs) for criminal (…)
The CSRD sustainability reporting standards have ultimately been adopted by Europe
The European Parliament rejected on October 18, 2023, the resolution proposal aimed at making the sustainability reporting standards of the CSRD (Corporate Sustainability Reporting Directive), the ESRS standards, less stringent. Consequently, they are definitively adopted and will come into effect starting from January 1, 2024 (…)
Cryptocurrencies at the heart of money laundering and financial intelligence-related criminal activities
According to a report from Tracfin, which franceinfo had early access to, the financial intelligence unit at Bercy outlines ‘the state of the threat’ related to the financing of criminal activities and laundering of dirty (…)