Gabriel Vedrenne

Nov 6, 2024 | moneylaundering.com | Gabriel Vedrenne

German FIU Rights Ship, Reconciles with Law Enforcement Germany's financial intelligence unit appears to have returned to normalcy following several years of turmoil in which the agency accumulated multiple backlogs of tens of thousands of unprocessed suspicious transaction reports and regularly quarrelled with investigators.

Sep 9, 2024 | moneylaundering.com | Gabriel Vedrenne

French Financial Institutions, Compliance Officers Face Quantum Revolution French financial services companies appear to have finally come to grips with a multi-year fraud epidemic that has cost victims hundreds of millions of euros, though a powerful new technology, Quantum computing, will give rise to new schemes, a government agency has warned.

Mar 20, 2024 | moneylaundering.com | Gabriel Vedrenne

Swiss Wealth Managers, Trustees Draw ‘Urgent’ Sanctions Scrutiny After discovering widespread flaws with how Swiss wealth managers and trustees observe Western sanctions against Russia, Switzerland's national anti-money laundering regulator has ordered their direct supervisors to audit them for that purpose annually, starting this year.

Mar 13, 2024 | moneylaundering.com | Gabriel Vedrenne

EU’s Beneficial Ownership Regime Deputizes Banks, Creates New Workload Reports of discrepancies between the ownership details banks receive from their legal-entity customers and the details those same legal entities file to national authorities across the EU have surged since 2020, figures obtained by ACAMS moneylaundering.com show.

Mar 6, 2024 | moneylaundering.com | Gabriel Vedrenne

Record AML Fine Puts German Fintechs on Notice Solaris, Germany's largest fintech, has been fined €6.5 million after failing to promptly report potentially illicit transactions to the country's financial intelligence unit, the Federal Financial Supervisory Authority, also known as BaFin, disclosed Thursday.