AML

6AMLD -6th Anti Money Laundering Directive

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6AMLD

6AMLD -6th Anti Money Laundering Directive Hot on the heels of the 5th the EU is preparing the industry for the introduction of 6AMLD- 6th Anti Money Laundering Directive. But what does it mean, who does it impact and what is it focusing on? read on for more… 6AMLD is designed to harmonise the law… Read More

AML

Aiding, Abetting, Inciting or attempting Money Laundering

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Aiding, Abetting, Inciting or attempting Money Laundering What does aiding, abetting, inciting or attempting Money Laundering actually mean? See the definitions in UK law here… I remember from my police training the term ‘aid, abet, counsel or procure’. Victorian sounding phraseology that relates to how a person can become culpable for the actions of a… Read More

AML

Reckless or Negligence in Law

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Reckless or Negligence in Law What does reckless or negligence in law actually state? The law we refer to here is UK law. This is not meant as qualified legal advice, if you need legal advice you should seek an appropriate legally qualified attorney/lawyer. Mens Rea Intent, recklessness or negligence are all elements of ‘mens… Read More

Compliance

6AMLD definitions

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6AMLD definitions The 6AMLD definitions to streamline Money laundering and predicate offences will help prosecutors to prosecute more offences than previously. Here they are. For the purposes of 6AMLD definitions, the following apply: Article 2 (1) ‘criminal activity’ means any kind of criminal involvement in the commission of any offence punishable, in accordance with national… Read More

AML

EVERY GLOBAL BUSINESS REGISTRATION WEBSITE.

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Every global business registration website This list provides AML operatives with a quick page to view each country’s own business registration portal. You can view them when researching a customer, transaction or trade. However, at CYW we are collating this globally and providing an automated way to link trades and transactions to every single entry… Read More