Polixis Participates in ACAMS Assembly Europe

Between 7 and 8 May, Polixis took part in the ACAMS Assembly in Amsterdam as an exhibitor. We showcased our latest data mapping and technology for KYC.

Polixis Included in the FINCRIMETECH50 List of the Most Innovative Tech Companies Fighting Money Laundering, Fraud and Financial Crime

Polixis is happy to announce its inclusion in the FINCRIMETECH50 annual list for 2024.

Training for ASG-VSN Members

We are thrilled to announce that as official partners of Swiss Wealth Management Association (ASG-VSN), we recently conducted a specialized training course for their members.

The Council of the European Union Greenlights the Directive Introducing Criminal Offences and Penalties for EU Sanctions Violation

On 12 April 2024, the Council of the European Union formally endorsed the adoption of a Directive aimed at defining criminal offences and penalties related to the violation of EU sanctions.

The EU's General Court Annuls Sanctions Imposed on Russian Businessmen Petr Aven and Mikhail Fridman for the Period of February 2022 and March 2023

EU's General Court has annulled sanctions imposed on two Russian businessmen Mikhail Fridman and Petr Aven, major shareholders of Alfa Group, for the period of February 2022 and March 2023.

Pivotal Judgment by the UK High Court on Redemption Rights

The UK High Court ruled that a company controlled by a sanctioned person has no right to funds redemption.

New U.S. Advisory Note on Sanctions and Export Controls Compliance of Foreign-Based Persons

The U.S. DoJ BIS, and OFAC issued a Tri-Seal Compliance Note focusing on the obligations of foreign-based individuals and entities to adhere to U.S. sanctions and export control laws.

FCA’s latest Letter to the CEO on AML standards and expectations is out

The document outlines the Financial Conduct Authority's (FCA) concerns and directives regarding common failings in anti-money laundering frameworks among UK financial institutions

Polixis Strengthens Commitment to Swiss Wealth and Portfolio Managers with Innovative Compliance Solutions

Polixis is proud to announce its strategic partnership with the Swiss Cooperative for Wealth Managers (SCWM).

New U.S. Guidance on Business Risks Associated with Russia

On February 23, 2024, the U.S. Departments of State, Treasury, Commerce, and Labor issued a business advisory for dealings with Russia and its occupied territories.

Media Monitoring and Rights of Customers: Uzbekov vs Revolut Judgment: Lessons for KYC and Media Monitoring Programs

A landmark decision by UK’s High Court provides interesting lessons on Financial Institution’s freedom to close bank accounts based on mere suspicion vs contractual obligations vis-à-vis the client.

Russian Sanctions, Beneficial Ownership & Control: Implications of a Key Decision by Australia's Federal Court

In the pivotal case of Rusal (involving Deripaska & Vekselberg) versus Rio Tinto, Australia’s Court’s reasoning contributes to interpretive standards