Newsletter (10 Mar – 16 Mar 2025)
Welcome to this week’s edition of the Global AML News Weekly Digest. Here are the top stories making headlines around the world:
ING Spain Fined €391 Million for AML Violations
ING Spain has been fined €391 million by the Spanish government for failing to comply with anti-money laundering (AML) regulations. The violations involved inadequate monitoring of suspicious transactions and weak customer due diligence processes.
Law Firm Simpson Thacher Fined in UK for AML Breaches
Simpson Thacher & Bartlett LLP agreed to a fine from the UK’s Solicitors Regulation Authority (SRA) for breaches of AML rules. The firm failed to properly implement client due diligence procedures.
India and Mauritius Sign MoU to Tackle Money Laundering
India and Mauritius have signed a Memorandum of Understanding (MoU) to strengthen cooperation in combating money laundering and corruption. The agreement enables joint enforcement operations and data sharing.
Ghana Introduces New AML Guidelines
Ghana’s Financial Intelligence Centre (FIC) has released new guidelines to improve AML compliance, focusing on enhanced due diligence, transaction monitoring, and suspicious activity reporting.
Canada Accelerates AML/ATF Amendments
Canada is fast-tracking amendments to its AML and anti-terrorist financing regime, aiming to strengthen oversight, enhance data-sharing, and close regulatory gaps.
SEBI and NISM Launch AML Training Course
India’s SEBI and NISM have introduced a new training course on AML and combating terrorist financing (CFT) to strengthen compliance capabilities in the financial sector.
Stay informed with our weekly digest, bringing you the most impactful news from around the globe. Thank you for reading!
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- #CanadaAML