Categorie archief: English – posts in English on this blog

New AML-proposals European Commission show little originality

As expected the European Commission is continuing on the unoriginal path it is walking in regard of anti-money laundering (AML) and countering terrorist financing (CFT). It keeps believing in the highly inefficient one-size-fits-all systems, that cause a heavy burden for … Lees verder

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“Artificial Intelligence in policing: safeguards needed against mass surveillance”

LIBE, a committee of the European Parliament published an article ‘Artificial Intelligence in policing: safeguards needed against mass surveillance“. Amongst others the committee writes: The use of Artificial Intelligence in law enforcement and the judiciary should be subject to strong … Lees verder

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Drafts for AMLR and AMLD6: the compliance burden will increase and the surveillance society is on the way | AML

The drafts of the European Anti-Money Laundering Regulation, Regulation (AMLR) and the new Anti-Money Laundering Directive (AMLD6) are circulating. If these drafts will turn into final texts, they will create major changes in European anti-money laundering (‘AML’) legislation and will … Lees verder

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The Accidental American Song

Paris-based Carlton Moody on YouTube sings The Accidental American Song in country & western style:

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FATF consultation on beneficial ownership legislation (‘Recommendation 24’) | AML, CFT

One of the sources of the unworkable beneficial ownership bureaucracy that is harming people in Europe, is FATF, that is drafting legislation without the scrutiny of experts or parliaments. FATF intends to change its legislation in regard of beneficial ownership … Lees verder

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European Parliament: MEPs want to extend the EU sanctions regime to cover corruption

The Foreign Affairs Committee adopted a resolution calling for corruption to be included as a punishable offense, read the press release.

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“On the Government of the Faceless and the Deathless” | our digital future

In Critical Legal Thinking an article by Giorgio Agamben on the future of mankind was published, On the Government of the Faceless and the Deathless. Amongst other things he writes: The planetary project that governments try to impose is, therefore, … Lees verder

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AML-legislation inevitably leads to exclusion if fundamental rights are not taken seriously | RUSI event on inclusion

One of the many fundamental flaws in the anti-money laundering (‘AML’) concepts of the Financial Action Task Force (FATF) is that their recommendations regarding risk profiling and monitoring transactions of customers lead to exclusion of people, organisations and regions (e.g. … Lees verder

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Transparency for institutions, privacy for the people

GDPR not only is about adtech companies like Facebook en Google or IT-companies like Microsoft and Apple. Governments incline to disregard the data protection principles, as is noted in an article on the site of EDRi: “Transparency for institutions, privacy … Lees verder

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AML and right to be forgotten | DPA Hessen

The decision of the Data Protection Commissioner of Hessen (Germany), published on the EDPB site shows that record keeping for AML/CFT-purposes is allowed under GDPR. The financial services provider, IQ Option Europe ltd (‘the Company’), has a legal basis for … Lees verder

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