In today's complex regulatory landscape, staying informed is critical.
Latest News
Beyond Drug Trafficking: Why Financial Institutions Must Watch the Money-Laundering Periphery
Category: 15/Relevant information on ML/FT/International sanctions risks from mass – media A €105,500 Cash Trail and a 2-Year Sentence Request: The Compliance Takeaways (gazzetta.it) Belgian
Coordinated Sanctions Target North Korea’s Overseas Workers and Cyber Revenue
Category: 2/Warnings and reports, thematic analysis of national and international authorities North Korea’s Sanctions Evasion Networks Are a Growing Financial-Crime Concern Australia, Canada, France, Germany,
Sanctions Evasion Risks Hidden Behind 3rd-Country Intermediaries
Category: 8/Law enforcement actions for money laundering/terrorism financing and international sanctions crimes The Sanctions Risk of Straw Buyers and Transshipment Routes A Seattle man has
AUSTRAC- The High Price of Turning a Blind Eye to Financial Crime
Category: 7/Warnings, fines and convictions for violating the KYC/AML/CTF/IS/Compliance legislation in financial market A $180 Million Lesson in Anti-Money-Laundering Compliance Australia’s Federal Court has ordered
INTERPOL- AI Voice Clones and Video Deepfakes: The New Face of Financial Fraud
Category: 1/Emerging trends and risks; 2/Warnings and reports, thematic analysis of national and international authorities Deepfakes, Urgency, and Wire Transfers: Rethinking Payment Fraud Controls INTERPOL
High Risk Countries Lists (Oct.26-FATF)
Category: 11/Mutual evaluation reports or lists of states or jurisdictions that have KYC/AML/CTF deficiencies List of High Countries based on Sanctions & ML regulatory risks Latest
about me
Hello everyone!
I’m Ion Radu, I’ve been working in the field of banking compliance since 1999, when the first AML law was enacted in Romania.
I created this blog to share information, my thoughts, experiences and insights about KYC/AML/Sanctions.
At the same time, I aimed to gather here all the information necessary to keep up to date with legislation, guidelines, trends and emerging risks and as well as the information needed to carry out regular assessments (annual or upon significant changes-EWRA) required by the EBA guidelines (EBA/GL/2021/02 – ML/TF risk, EBA/GL/2024/14 & EBA/GL/2024/15 – National and Union restrictive measures).
In the “Training” section you can find the courses I teach, organized by the professional training bodies authorized by supervisory authorities FSA and NBR.
I hope you enjoy reading it as much as I enjoy writing it!
faq
How do I access the details?
Access to details from this blog is by subscription only
How much is the subscription?
Access is free on a username and password basis (login). To obtain your username and password, click the top right button and provide the requested information.
What information do I get in the newsletter?
The email newsletter is distributed weekly and is sent when highly significant information is published on this site. Subscribe for the newsletter so you don’t miss important news.
What is the meaning of the label “Category” in details?
The Category have been established in accordance with the provisions of EBA Guidelines: 1) EBA/GL/2021/02 (The ML/TF Risk ) see “Guideline 1: Risk assessment: key principles for all firms”; 2) EBA/GL/2024/14 (National and Union restrictive measures) see “4.2 Conducting a restrictive measures exposure assessment”. I defined 15 different Sources, as following:
1/Emerging trends and risks
2/Warnings and reports, thematic analysis of national and international authorities
3/Terrorism, Embargo, International Sanctions and Restrictive Measures updates
4/EU ML/TF/IS SupraNational Risk Assessment
5/Information and ML/TF/IS assessments by national authorities on risks at national level
6/Specific guidelines, guides, instructions or warnings
7/Warnings, fines and convictions for violating the KYC/AML/CTF/IS/Compliance legislation in financial market
8/Law enforcement actions for money laundering and international sanctions crimes
9/Threats, alerts and typologies
10/Corruption Perception Indices and Country Reports
11/Mutual evaluation reports or lists of states or jurisdictions that have KYC/AML/CTF deficiencies
12/Relevant information from credible and reliable organizations
13/Information from statistical organizations and academia
14/Legislative initiatives and changes
15/Relevant information on ML/FT/International sanctions risks from mass – media
How can I get in touch with the author/owner?
Please contact me on Linkedin, my profile is https://www.linkedin.com/in/ion-radu-aml/
What does “Core content“ section contain?
“Core content” section contains the most relevant information in order of publication date, such as EU SNRA, EU Reg 1675 updates, etc, a selection from main sections : AML, Sanctions, Country risk
