The Cayman Islands introduced the Virtual Asset (Service Providers) Act (the VASP Act) with effect in 2020, so that any person carrying on a "virtual asset service" in the course of a business using a ...

Six steps can take institutions beyond merely good. What makes for a great anti-money laundering compliance program? This is not a pie-in-the-sky idea. As financial institutions strive to keep up with ...

Legal drafters, policy makers, AML/CFT supervisors for the financial sector (in particular, VASP supervisors) financial intelligence units, company registrars, tax authorities, law enforcement ...

Prime Bank PLC organized a day-long training program on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Compliance in Sylhet recently. The session was arranged by the bank’s ...