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

A new Challenge for Russia Specialized AML and Sanctions Evasion Checks. The Impact of Presidential Decree N 73 on Compliance and Due Diligence in Russia.

The trend since 2014 of reducing key corporate information disclosure in Russia now received yet another major text authorizing key Russian companies, known as Economically Significant Organisations,

UK HM Treasury's Guidance on Enhanced Due Diligence on Clients from High-Risk Jurisdictions

The advisory notice published by the HM Treasury this Monday sets out changes to the definition of High-Risk Third Countries (HRTC) in the Money Laundering Regulations.

OFAC 2023 Sanctions Fines. Any Lesson to be Learned for Your Organization?

17 Companies, from Finance to Tobacco got a total of USD 1.54 billion worth of fines in 2023, including the tech giant Microsoft.

Russia Risk: OFAC Requires Foreign Financial Institutions to Upgrade Their Compliance Resources: Is Your Institution Ready?

OFAC clearly states its expectations for Foreign Financial Institutions to enhance their response to Russia Risk

Polixis Achieves ISO 27001 Certification, Confirming Its Role as a Swiss Pioneer in Privacy by Design and Zero Knowledge Policy.

We are proud to announce that Polixis has once again successfully achieved the ISO 27001 certification for information security management, reinforcing our position as a leader in the protection of in

REGULATORY BRIEFING: EU Decides on PEP Designations within its own organization structure

There lies potential for this decision to pioneer an Assessment by Equivalence approach, bringing much-needed clarity to the classification of PEPs within the international organisations.

Joint Press Release

Polixis and Capital Banking Solutions Join Forces to Deliver Cutting-Edge Banking Solutions with Enhanced AML & KYC Data powered with AI and machine learning.

Federal Council Launches Consultation Procedure on a Bill to Strengthen the AML Framework

On 30 August 2023, the Federal Council launched a consultation procedure on a bill to strengthen the existing Swiss anti-money laundering framework.

WHITE PAPER: US agencies' Voluntary Self-Disclosure Policies Explained

On 26 July 2023, the US Department of Commerce, Department of the Treasury, and Department of Justice, published a Tri-Seal Compliance Note on recent updates made to voluntary self-disclosure policies

Monaco Amends its AML Legislation

On 6 July 2023, the National Council of Monaco adopted a law amending previous AML legislative provisions based on the recommendations of the MONEYVAL Report.