For instance, based on the European system of prevention of money laundering and terrorist financing, financial institutions have to monitor the transactions of all their clients and have the duty to report suspicious transactions. (europeanlawblog.eu)
The 4AMLD was enacted a result of the Financial Action Task Force's (FATF) 2012 global recommendations into improving standards on the prevention of money laundering and terrorist financing. (lawyer-monthly.com)
New regulations affecting corporates have emerged, notably in personal data protection as well as in the prevention of money laundering. (lawyer-monthly.com)