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Anti-money laundering (AML) extends beyond Transaction Monitoring alone.

  • Posted by Tom Wijmans
  • On 14 July 2020
Financial institutions perform transaction monitoring as an important preventive tool against anti-money laundering practices. A number of major banks in the Netherlands have even established a new organisation to jointly monitor their transactions. This is definitely a welcome decision; this will enable suspicious transactions that take place at multiple banks to be reviewed in their […]
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Latest update of the high-risk third countries list, effective as from October

  • Posted by Tom Wijmans
  • On 11 May 2020
On the 7th of May, the EU announced an update of the high-risk third countries list, effective as from October 2020. Countries that will be added to the list are: The Bahamas Barbados Botswana Cambodia Ghana Jamaica Mauritius Mongolia Myanmar Nicaragua Panama Zimbabwe   The EU plans to de-list a few countries that were previously […]
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