The fight against money laundering is more complex than ever. As regulatory requirements evolve and financial crime becomes more sophisticated, the role of the Money Laundering Reporting Officer (MLRO) has become both more critical and demanding. This article outlines the essential requirements for MLROs and provides practical strategies...
Tag: financial crime
Next Level AML: Strategies for Money Laundering Officers in the Digital Age
The fight against money laundering is entering a new era. As digital transformation accelerates, regulatory requirements tighten, and financial crime becomes ever more sophisticated, Money Laundering Reporting Officers (MLROs) face unprecedented challenges—and opportunities....
Annual Report of the FIU 2024: What You Need to Know About Money Laundering, Crypto Risks, and New EU Regulations
The Financial Intelligence Unit (FIU) has published its 2024 Annual Report – and it’s full of insights.
If you are a compliance officer, money laundering reporting officer, or work in financial crime, you should read this...
New Rules: What the Gambling Act, §11a, §23a FM-GwG and the Sanctions Act 2024 Demand from You Now
As part of implementing EU directives and FATF recommendations, Austria has enacted profound legal changes. With the FM-GwG Amendment Act 2024 and the new Sanctions Act 2024, the Gambling Act (GSpG) has also been comprehensively amended. The...