Who Pays for Compliance? The Unintended Consequences of Extraterritorial AML Law In June 2000, the Financial Action Task Force (FATF) published its first list of Non-Cooperative Countries or Territories, identifying fifteen jurisdictions deemed deficient in their anti-money launde...

The FATF now acknowledges that wholesale de-risking is contrary to the risk-based approach. Yet the enforcement culture that drives it remains unchanged.
#AML #FinancialCrime #Compliance #FATF #DeRisking #CorrespondentBanking #Sanctions #FinancialInclusion #RiskManagement #OpusDatum

Same Rules, Different Worlds: Why R16 Fails the Payments Systems That Need It Most On 18 June 2025, the Financial Action Task Force (FATF) adopted its revised Recommendation 16 (R16) at the Plenary in Strasbourg. The consultation process had drawn more than 300 responses from financ...

A standard that demands the same data from a SWIFT transfer and a mobile money remittance on a basic handset is not technology-neutral. It is architecture-blind.
#WTR #TravelRule #FATF #PaymentTransparency #MobileMoney #FinancialInclusion #AML #InstantPayments #DeRisking #WTRKnowledgeHub #OpusDatum

The Credibility Gap: How Trump Is Rewriting Financial Crime Enforcement In November 2023, the United States imposed a record $4.3 billion settlement on Binance. It was the largest penalty ever levied against a cryptocurrency exchange. The message was unambiguous: anti-mon...

The US pardoned the founder of the world’s largest crypto exchange for enabling money laundering. It also launched its most ambitious AML enforcement operation in years. Both things are true. That is the problem.
#AML #Compliance #CorporateTransparency #Sanctions #FinCEN #RegulatoryRisk #OpusDatum

Rules vs Enforcement: Demystifying the UK’s Financial Crime Architecture On 26 January 2026, the Home Secretary published a policing reform white paper that proposed the most significant restructuring of UK law enforcement in nearly two centuries. At its centre was the cre...

The UK government wants to merge the NCA into a new National Police Service. Most firms still cannot explain the difference between regulatory supervision and criminal enforcement.
#FinancialCrime #AML #Sanctions #Compliance #NCA #FCA #OTSI #OFSI #EconomicCrime #RiskManagement #OpusDatum

The Illusion of Control: Why AI in Financial Crime Demands More Than Automation On 22 January 2026, the House of Commons Treasury Select Committee published a stark verdict on the state of artificial intelligence in UK financial services. The Financial Conduct Authority (FCA), th...

Nearly half of UK financial services cannot explain the AI systems they rely on. If it cannot articulate why a model flagged a transaction, it cannot demonstrate accountability. Without comprehension is not progress. It is risk.
#AI #Regulation #FinancialCrime #Compliance #RiskManagement #OpusDatum

The Price of Silence: What the Bank of Ireland CoP Penalty Exposes In October 2022, the Payment Systems Regulator (PSR) published Specific Direction 17 (SD17). Its purpose was straightforward: the UK’s largest payment service providers were to implement Confirmation ...

Bank of Ireland UK missed the deadline by 14 months. £6.9 billion in payments. 1.14 million new payees. No beneficiary name verification. The £3.78 million penalty is the headline. The real question is what else was lost.
#Payments #FATF #R16 #CoP #APPFraud #AML #WTR #PSR #WTRKnowledgeHub #OpusDatum

Taking Ownership: Embedding Control, Accountability & Oversight into WTR Frameworks | WTR

WTR failures often stem from unclear ownership, not just technical gaps. Our latest white paper explores practical governance models to embed accountability across all PSPs and VASPs.
#WTR #FATFTravelRule #AML #FinancialCrime #Compliance #Governance #Payments #VASPs #OpusDatum #WTRKnowledgeHub

OpusDatum Turns 18: A Coming of Age in Risk, Insight & Independent Thinking This month, OpusDatum celebrates a significant milestone: our 18th birthday. It’s an opportunity not just for celebration, but for reflection - on what’s been built, the challenges we’ve faced, and th...

OpusDatum turns 18 today! This milestone isn't just about celebrating years; it's about years of risk-taking, insight gathering, and fostering independent thinking.
#OpusDatum #Anniversary #Growth

EBA Enhances Risk Assessment Toolkit with Updated Indicator List and Methodological Guide The European Banking Authority (EBA) has published an updated set of risk assessment indicators and an accompanying methodological guide, enhancing transparency and consistency in financial stability ...

Stay ahead with the latest from OpusDatum. Check out our Knowledge Hub for fresh insights, regulatory updates, and the latest news.
#OpusDatum #KnowledgeHub #FinCrime #RegTech #News #Innovation