Active Task Research Articles

Combating The Financing of Terrorism and The Financial Action Task Force Recommendations (FATF): A Sri Lankan Perspective

This study focuses on the implementation of the Financial Action Task Force (FATF) recommendations on countering the financing of terrorism from Sri Lanka’s perspective, and further on the opportunities for enhancement of Sri Lanka’s international relations. The research objectives were formulated to identify the nature of awareness of Anti- Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime, and associated risks that arise as a consequence of ineffective implementation, to examine the weaknesses in the implementation process and the benefits of effective implementation of recommendations. The total study population consists of 500 employees of different institutions. A Google questionnaire was used for data collection. Accordingly, 198 participants responded and all of them were considered as the study sample by using a convenience sampling technique. The study found that Sri Lanka still must make significant progress toward meeting the technical/effectiveness aspects of recommendations. Further, it was revealed that the status of awareness of AML/CFT matters is at an average level, and issues associated with investigations and prosecutions have been identified as the fundamental weakness in the system. Poor international relations have been identified as the main consequence of ineffective implementation. Moreover, the study identifies that effective implementation of recommendations increases international acceptance, and encourages foreign direct investments in Sri Lanka. The study recommends, Sri Lanka, as a country with painful experiences of terrorism, needs to work with a proper action plan followed by high-level political commitment in effectively implementing the FATF recommendations on countering the financing of terrorism as an embedded practice.

TRANSPARENCY OF BENEFICIAL OWNERSHIP: A KEY TOOL IN THE FIGHT AGAINST CORRUPTION

Abstract. The international community recognizes the 24th recommendation of the Financial Action Task Force on Money Laundering (FATF) as one of the key tools in the fight against money laundering, terrorist financing and other economic crimes, including corruption. The authors analyzed the implementation of this recommendation in 138 Member countries of the United Nations, based on generalized assessments of effectiveness and technical compliance with FATF criteria. The top 5 countries (Denmark, Finland, New Zealand, Norway, Singapore) where the level of corruption, according to Transparency International, is minimal and 5 countries (Venezuela, Haiti, Turkmenistan, Nicaragua and Chad) with the high level of corruption have been studied. Research limitations: Authors had limitations due to the fact that not all countries passed or did not complete yet mutual evaluation process, only 138 countries' reports are available. Keywords: beneficial ownership, transparency, corruption, money laundering

The Impact of Managerial Creative Capabilities on Task Performance: Evidence from Saudi Arabian Companies

Purpose: This research examines the impact of managerial creative capabilities on task performance, addressing a significant gap in the current literature. By integrating the dynamic capability approach, this study considers managerial creativity as a dynamic capability that enables managers to enhance efficiency and foster innovation, ensuring organizational competitiveness in fast-evolving contexts. Design/methodology/approach: A quantitative approach was employed, utilizing a questionnaire distributed to 457 middle and senior managers across 87 organizations in Saudi Arabia. The study adopted a snowball sampling technique to ensure industry and organizational diversity. Findings: The results validate our hypotheses, emphasizing managerial creative capabilities’ impact on task performance. The ability to sense creative opportunities significantly enhances task efficiency, aligning with prior studies on innovation's role in opportunity recognition. The ability to seize these opportunities translates them into actionable tasks, reinforcing the importance of timely decision-making and execution. Most notably, the study reveals that managerial creative reconfiguring exerts the strongest influence on task performance. This highlights the critical role of resource reconfiguration in leveraging opportunities, confirming its status as a cornerstone of dynamic capabilities. Originality/value: This research advances the understanding of managerial creativity by framing it as a dynamic capability that influences task performance. The findings provide actionable insights for managers to balance creativity with productivity, fostering flexibility and innovation. By addressing an underexplored area, this study contributes to the development of practical strategies for sustainable organizational success.

Anti-Money Laundering and the "Beneficial Ownership" Amendments to South Africa's Companies Act 71 of 2008

The "beneficial ownership" (BO) amendments to the Companies Act 71 of 2008 (the Companies Act 2008) were introduced in response to requirements set by the Financial Action Task Force (FATF). These amendments are just one part of a broader anti-money laundering (AML) framework introduced by South Africa in response to the country's much publicised recent "grey listing" by FATF. The amendments aim to provide useful information to law enforcement agencies about the natural persons that are the beneficial owners of companies. The South African AML legislative regime is comprehensive but lacks implementation and investigative skills largely due to the lack of expertise in money laundering detection in law enforcement agencies. Unfortunately, the amendments suffer from several defects as identified in this article. The definitions of "affected company" and "beneficial owner" are critiqued. In addition, the authors argue that the failure to create a criminal offence for failing to disclose BO information is a weakness in the Companies Act 2008's AML efforts. The impact of these disclosure obligations on small to medium enterprises is discussed and it is argued that the increased administrative burden and potential compliance costs need to be justified by a likelihood that the amendments will be effective in curbing money laundering in South Africa.

South Africa Aims to Increase Financial Inclusion to 90 Percent by 2030: Plausible or a Mere Ideal?

According to the National Development Plan (NDP) Vision 2030 of South Africa, South Africa aims to increase financial inclusion for everyone to 90 percent by 2030. However, a few challenges have arisen over the course of the years after the drafting of the NDP Vision 2030. This article will first trace some of these challenges under the category of practices that diminish the integrity of banks in South Africa. These challenges include banking fraud (phishing and vishing), automated teller machine (ATM) bombings and cash in transit heists (CITs), the unfair treatment of banking customers as well as the greylisting of South Africa by the Financial Action Task Force (FATF) resulting in failure to fully complying with international standards regarding the prevention of money laundering (ML), terrorist financing (TF) and proliferation financing (PF). It is also apparent that there are no clear guidelines or protocols that accompany the NDP Vision 2030 to comprehensively detail how the 90 percent financial inclusion target for all people in South Africa will be attained. In addition to this, the NDP does not provide any consequences to the stakeholders responsible for the promotion of financial inclusion and/or any exigency plans should 90 percent fail to be achieved by 2030. Undoubtedly, the above-mentioned challenges to financial inclusion place doubt on the achievement of 90 percent financial inclusion by 2030. This article aims to critically investigate these challenges that may have the potential to hinder the optimum achievement of financial inclusion in contemporary South Africa. Furthermore, this article will critically analyse the relevant legislation as well as related policies and regulations aimed at promoting financial inclusion in South Africa. Ultimately, the article will propose measures which may be useful in attaining 90 percent financial inclusion in South Africa by 2030 as per the NDP Vision 2030.

Navigating Virtual Collisions: Insights Into Perception–Action Differences in Children and Young Adults Using a Head-On Avoidance Task

Children tend to make more last-minute locomotor adjustments than adults when avoiding stationary obstacles. The purpose of this study was to compare avoidance behaviors of middle-aged children (10–12 years old) with young adults during a head-on collision course with an approaching virtual pedestrian. Participants were immersed in a virtual environment and completed a perceptual decision-making task in which they had to respond to the future direction of an approaching virtual pedestrian once they disappeared. Following the perceptual task, participants walked along an 8-m pathway toward a goal, while avoiding a collision with a virtual pedestrian who approached along the midline than veered toward the left, right, or continued walking straight. Results revealed that children were able to correctly predict the future directions of the virtual pedestrian similar to adults, albeit at a slower response time (0.55 s vs. 0.33 s). During the action task, children initiated a deviation in their travel path later (i.e., closer to the virtual pedestrian) compared to adults (1.65 s vs. 1.52 s). Children were also more variable in their onset of deviation and time-to-contact. Although children appear to have developed adult-like perceptual abilities and can avoid an approaching virtual pedestrian, children employ riskier avoidance strategies and are highly variable, suggesting middle-aged children are still fine-tuning their perception-action system.

Understanding the Impact of Mild Episodic Memory Difficulties on Everyday Tasks in Older Adults

AbstractBackgroundThe Goal‐Control Model posits that episodic memory impairment leads to premature decay of everyday task goals, which contributes to task omissions (failure to accomplish task steps) in those with moderate to severe impairment. Although task omissions are not observed in those with mild episodic memory (mildEM) impairment, it has yet to be investigated if goal decay is reflected by subtle errors during task completion. We hypothesized that goal decay in mildEM impairment is reflected by imprecision in task performance at the end of everyday tasks.Method54 participants (M age = 73; 39 healthy control [HC], 15 MCI/mild dementia) were videorecorded while preparing a breakfast and a lunch according to specific instructions (Naturalistic Action Task). Performance errors were classified by two coders and another organized them into segments occurring in the beginning, middle or end of the task, all blind to participant diagnosis and study hypothesis. Analyses compared errors in each segment between those with mildEM impairment (MCI/mild dementia) and HC. Correlation analyses examined relations between errors and demographically adjusted standard scores on tests of episodic memory (HVLT and BVMT‐R delayed free recall) and executive function (Digits Backward, Trail Making Test B).ResultParticipants with mildEM impairment made significantly more errors than healthy controls only during the end task segment, t(52) = 2.83, p = .04. The groups did not differ in total errors during the beginning (p = .35) or middle task segments (p = .08). Correlations including the full sample showed significant relations between total errors during the end segment and scores on tests of episodic memory (HVLT r = ‐.33, p = .01; BVMT r = ‐.37, p <.01) but not scores on tests of executive function (Digits Backward r = .01, p = .92; TMT‐B r = .01, p = .97).ConclusionConsistent with hypotheses informed by the Goal‐Control Model, older adults with mildEM impairment exhibited increased imprecision towards the end of the task, suggesting that even those with mildEM deficits can experience premature decay of task goals. Behavioral strategies to strengthen goal activations, including reminder cues and/or overt verbalization of task goals, should be investigated as an avenue to improve everyday function in older adults with mild memory difficulties.

Combating trade‐related fraud: do the Financial Action Task Force recommendations bite?

AbstractWe evaluate the efficacy of the Financial Action Task Force (FATF) Recommendations 2012, which set the global standard on combating money laundering and terrorist financing, by exploiting its staggered adoption in 16 East and South African countries. Using the trade gap as a proxy for trade‐related fraud activities, such as trade‐based money laundering, we find that the adoption of the FATF recommendations is correlated with a 15.3% reduction in trade‐related fraud. The FATF is particularly effective within countries with capable state and low corruption. The amount by which FATF adoption can reduce trade‐related fraud depends on a country's compliance level. Our results are robust to a series of robustness checks and contribute to a lively policy debate surrounding the role of international organizations in combating the financing of organized crimes.

The role of anxiety and self-efficacy in movement

Previous research suggests that affective factors may influence perception of potential movement differently compared to perception during movement itself. To build on this the current study investigated the roles of general and movement-specific anxiety, self-efficacy, general resilience and motor control in how 41 adults with typical motor skills thought they would behave (perceptual judgement) and how they actually behaved (executed action). Participants completed several standardised scales and two movement-specific scales, a perceptual judgement task and an executed action task. In the perceptual judgement task participants judged whether they would need to turn their shoulders to walk through different sized apertures between 0.9 and 1.9 their shoulder width-to-aperture ratio. This involved a static (standing still) and a dynamic (walking towards) condition. The executed action task involved actually walking through the different sized gaps between the doors. Findings were discussed within an ecological framework drawing strongly on Newell's constraints-based approach (1986). Results indicated a relationship between higher movement-specific anxiety and bigger safety margins. This highlights the importance of measure specificity in being able to detect nuanced relationships between affective factors and the perception-action cycle. Notable differences were also shown in the point of behaviour change (critical ratio) between perceptual judgement and executed action, illustrating the importance of studying perception and action together since they can be subject to different constraints. The findings contribute novel insights into the roles of these factors in how adults with typical motor skills perceive and realise their intentions and abilities to act in the world.

Reexamining the Psychophysical Evidence for the Two Visual Streams

Abstract The perception/action model posits distinct streams of visual processing for perception and online motor guidance. This model is apparently supported by experiments showing that visual illusions affect action tasks less than perception. In recent years, however, critics have argued against both the validity of these experiments and their support (irrespective of their validity) for the perception/action model. In this article, I reexamine this psychophysical evidence. I argue that it strongly supports the existence of distinct representations for “perception” and “action” but only moderately supports the existence of distinct systems generating those representations.

Movement Coordination's Link with Common Ground During Dyadic Peer Discourse in Typically Developing and Autistic Speakers.

Common ground (CG)-a pragmatic capability that reflects the construction of shared meaning by two interlocutors during conversation-is widely accepted as crucial for effective communication, but its exploration has been limited in the context of children's peer-to-peer interaction. Specifically, this study aimed to explore CG differences between typically developing (TD) and autistic populations, CG's developmental trajectories, as well as the link between CG and motor coordination skills during peer interactions. Study participants included 148 children (6-16 years), comparing 64 TD and 84 autistic children across three age levels. Fixed dyads matched on IQ, age, sex, and mother's education performed a CG tangram-card task and complementary joint action (JA) tasks to evaluate peer-to-peer movement coordination. Individual motor skills were also assessed. As expected, both autistic and TD groups showed increasing efficacy over the 6-turn CG task (fewer words and shorter duration to communicate), although autistic participants were less efficient than TD participants. Better motor skills and JA synchronization correlated with both groups' more efficient CG performance. Additionally, the indirect relationship between group (TD/autism) and CG was mediated by motor skills and JA, with age moderating the relationship between JA and CG. Specifically, better motor skills and socio-motor coordination were associated with more efficient CG creation, particularly in younger children (under 10years). These findings suggest potential novel avenues for early interventions targeting motor and language challenges in autism to enhance pragmatic abilities and peer interactions, offering insights into language development in this population.

Striking the balance: anti-money laundering goals and legal privilege in Australia

ABSTRACT Criminals engage legal professionals for their skills and services to facilitate laundering of proceeds from crime. Despite this risk, Australia remains one of the few countries globally that is non-compliant with international anti-money laundering (‘AML’) standards set by the Financial Action Task Force (‘FATF’) which urge States to impose preventative measures on legal professionals to provide intelligence to assist law enforcement in detecting financial crime. Representatives of the legal community have vehemently opposed regulating legal professionals under Australia’s AML laws since the inception of Australia’s formal AML framework, fearing that it would cause irreconcilable tension with lawyers’ ethical duties to uphold legal professional privilege (‘LPP’). Although Australia is among the last countries to impose AML duties on legal professionals, its lawmakers can benefit from examining best practices in comparable, globally compliant jurisdictions. Through consideration of the regulatory frameworks in the United Kingdom and New Zealand, this article derives practical insights and offers actionable recommendations for Australian lawmakers and international stakeholders on how to preserve LPP to the greatest extent possible while advancing AML goals. While LPP is not a barrier to AML regulation, it is an important consideration for lawmakers.

During haptic communication, the central nervous system compensates distinctly for delay and noise.

Physically connected humans have been shown to exploit the exchange of haptic forces and tactile information to improve their performance in joint action tasks. As human interactions are increasingly mediated through robots and networks it is important to understand the impact that network features such as lag and noise may have on human behaviour. In this paper, we investigated interaction with a human-like robot controller that provides similar haptic communication behaviour as human-human interaction and examined the influence and compensation mechanisms for delay and noise on haptic communication. The results of our experiments show that participants can perceive a difference between noise and delay, and make use of compensation mechanisms to preserve performance in both cases. However, while noise is compensated for by increasing co-contraction, delay compensation could not be explained by this strategy. Instead, computational modelling suggested that a distinct mechanism is used to compensate for the delay and yield an efficient haptic communication.

Acting with the feet and hands: Does one effector system dominate the other?

To act effectively, one must select actions that satisfy performance criteria. The more important the criteria, the more important it is to satisfy them. This idea leads to the suggestion that a goal of research on action selection should be determining the relative importance of different performance criteria. We pursued this aim by focused on a physical action task: walking to a table, picking up a box with two hands, and moving the box back and forth between two positions. In earlier work (Ozana et al., 2023), university students who did this task stood as they wished when they arrived at the table. It was found that participants adjusted the separation between their feet depending on the inter-target distance and required back-and-forth rate, timed with a metronome. This result was taken to suggest that hand-move distance and rate were prioritized over foot separation in this context. In the two experiments reported here, we asked participants to adopt wide or narrow foot stances. In Experiment 1, we asked participants, with wide or narrow foot stances, to move the box back and forth at a high or low displacements rate specified by a metronome, covering whatever distance they wished. We found that the freely chosen hand-move distances depended on the hand-move rate but hardly depended on the foot separation. In Experiment 2, we asked new participants to adopt the wide or narrow foot spread and to move the box over two required distances, freely choosing the box-move rate. In this case, we found that participants chose hand-move rates that depended on the required box-move distance but hardly depended on the foot separation. We interpret the results of both the previous and current study to suggest that constraints imposed by the postural control system are relatively less important than those related to manual dexterity in whole-body object manipulation tasks. Instead, it appears that the balance and postural control system functions as an agile support to the manual control system.

Compliance with anti-money laundering laws and their impact on banking operations in Pakistan: banking expert’s opinion

Purpose Despite sound anti-money laundering (AML) regulations and membership in the financial action task force, money laundering remains a severe concern faced by Pakistan because of its weak AML regime. This led to an investigation of the perceptions of banking expert’s regarding the AML law’s costs and complexity, mapping of compliance cost and measures taken by Pakistani banks in compliance with AML laws. Design/methodology/approach A socio-legal study approach was adopted based on library-based, and interviews using social media platforms to treasure the experts’ opinions regarding the impact of AML laws on baking operations in Pakistan. A semistructured interview-based questionnaire was handed out to Pakistani banking officers. Findings The findings revealed that, for banks to meet the AML obligation, they must overcome challenges including cost and complexity. Nevertheless, these costs are less expensive than the penalties assessed for noncompliance. Practical implications Following AML regulations can help the banking industry grow, which, in turn, attracts more foreign investment by boosting consumer confidence. However, it is difficult and expensive to comply with these requirements. The current research hopes that the financial regulatory authorities of Pakistan will adopt more effective measures for efficient compliance with AML laws. Originality/value The impact of compliance with AML laws on banking operations in Pakistan was examined in this study for the first time using banking officers’ opinions from various banks best of author’s knowledge.

Model Investasi Cryptocurrency dalam Upaya Pencegahan Tindak Pidana Pencucian Uang

This study aims to analyze cryptocurrency investment models in relation to the prevention of money laundering (Anti-Money Laundering/AML) activities. Cryptocurrency, as a growing form of digital investment, has garnered attention from regulators due to its potential money laundering risks. This paper explores preventive strategies that can be implemented within cryptocurrency investment systems, including the use of blockchain technology, KYC (Know Your Customer) procedures, and international regulations such as the Financial Action Task Force (FATF) guidelines. Through a qualitative method based on literature review and policy analysis, the study identifies investment models that can minimize money laundering risks while maintaining profitability for investors. These findings provide insights into the challenges and solutions in developing a safer cryptocurrency investment system that complies with AML regulations.

Advancing AML tactical approaches with data analytics: Transformative strategies for improving regulatory compliance in banks

The growing complexity of financial crimes necessitates advanced Anti-Money Laundering (AML) strategies that leverage data analytics to improve regulatory compliance in banks. As traditional AML methods face challenges in detecting sophisticated money laundering schemes, data analytics offers transformative solutions by enabling real-time monitoring, enhanced risk detection, and predictive analysis. This review explores the integration of data analytics in AML systems and its impact on regulatory compliance, focusing on strategies that banks can adopt to mitigate risks and adhere to evolving regulations. Data analytics empowers financial institutions to analyze vast amounts of transactional data, identifying suspicious patterns and anomalies with greater precision. Machine learning algorithms and artificial intelligence (AI) further enhance these capabilities by automating risk assessments, reducing false positives, and improving decision-making processes. Through predictive analytics, banks can anticipate emerging threats, adapting their AML strategies proactively to counter new money laundering techniques. A key advantage of data-driven AML approaches is the ability to streamline compliance processes. By automating Know Your Customer (KYC) procedures and cross-referencing data from multiple sources, banks can efficiently verify customer identities and monitor for unusual behavior. Additionally, the adoption of data analytics improves reporting accuracy, ensuring compliance with stringent regulatory frameworks such as the Financial Action Task Force (FATF) and the Bank Secrecy Act (BSA). This review highlights the transformative role of data analytics in enhancing AML efforts, emphasizing the importance of real-time data integration, predictive modeling, and automation. The shift from reactive to proactive AML approaches not only strengthens regulatory compliance but also fosters a culture of vigilance and risk management within banks. As financial institutions continue to embrace digital transformation, leveraging data analytics for AML will be crucial in combating financial crimes and maintaining compliance in an increasingly complex regulatory environment. Keywords: Anti-Money Laundering (AML), Data Analytics, Regulatory Compliance, Banks, Financial Crime, Machine Learning, Artificial Intelligence, Know Your Customer (KYC), Predictive Analytics, Risk Management.

ANALYSIS OF THE REGULATORY AND LEGAL BASE FOR THE FORMATION OF GENERAL REQUIREMENTS FOR TEST SLOTS FOR THE CHECKING OF DEMINING MACHINES (HUMANITARIAN) BY FUNCTIONAL PURPOSE

The relevance of the chosen topic is determined primarily by the need to organize testing and certification activities, the introduction of international demining standards and NATO standards in humanitarian demining. To assess the suitability of demining machines under the same controlled conditions. This makes it possible to evaluate products under the same conditions and determine the most productive samples. This actualizes the need to define general requirements for test sites for testing mechanized means of humanitarian demining by functional purpose. It is worth improving approaches to the organization and functioning of test sites based on the existing international experience and new domestic developments. In the course of the conducted research, it was established that there is an urgent need to organize demining of territories in Ukraine, both for military tasks and for humanitarian demining tasks. It has been established that the lack of general requirements for test sites for conducting tests and assessing the conformity of demining means approved as a normative legal act is an urgent problem that needs immediate resolution. During the research, a classification of demining tools was carried out, which are divided into machines for detonation, destruction, removal of mines; machines for soil preparation; machines for detecting sources of danger, have different types of working equipment (excavator or bulldozer type) and different types of attached equipment: roller trawls, milling-rotor trawls, knife trawls, chain trawls, fighting trawls, mulchers for soil treatment. In accordance with the set goal, the article developed recommendations for determining general requirements for test areas of demining machines equipment, substantiated the quantitative and qualitative indicators of objects and elements of test areas for conducting certification tests of mechanical (humanitarian) demining equipment according to their functional purpose, which are based on the practices of conducting such works in Ukraine and other countries. The necessity of forming requirements for test areas for assessing the survivability and productivity of demining means is substantiated. In particular, with the definition of requirements for test sites and related infrastructure. Recommendations are given for the placement of the main and additional elements on the test plots. Recommendations were provided and an approximate scheme for the placement of the main objects and elements of test areas for the organization of certification tests was provided, which will allow to ensure the performance of testing and certification tasks at the level established by state and international standards. In general, the substantiation of the requirements for test sites and the adoption of general requirements for test sites at the level of a normative document will allow normalizing the processes of testing samples of mechanized demining equipment and will allow the implementation of mine action tasks in Ukraine at a new, organizationally and practically improved level.

The limitation of rationality in solving tasks for action

The article presents modern views on the decision-making process. It is shown that the traditional position about the advantage of conscious rational thinking in making important decisions has been questioned by a number of researchers, and examples of experimental data supporting an alternative opinion are given. Rational decision-making involves assessing a problematic situation and logically choosing the preferred alternative, while mature action involves creativity. The aim of the study is to identify the relationship between rationality and maturity of solutions in action tasks representing life situations in which it is necessary to make a choice between value-laden alternatives. The empirical study involved 130 people aged 30–50 (69 women, 61 men), using the methods of «Personal factors of decision-making» (T.V. Kornilova) and the structured interview «Five situations» (E.L. Dotsenko, V.A. Startseva, O.V. Pchelina). The results showed that switching the subjects' attention to performing a simple task during the experiment contributes to an increase in the quality of the target task solutions — decision-making in action tasks. Distraction to inventing names for semantically neutral pictures statistically significantly increases the maturity of decisions. No correlation was found between rationality as a psychological variable reflecting personal regulation of choices and the maturity of decisions in action tasks. Thus, making high-quality decisions in action tasks involves not only rational, but also implicit semantic preparation.

Unlinkable Policy-Compliant Signatures for Compliant and Decentralized Anonymous Payments

Privacy-preserving payment systems face the difficult task of balancing privacy and accountability: on one hand, users should be able to transact privately and anonymously, on the other hand, no illegal activities should be tolerated. The challenging question of finding the right balance lies at the core of the research on accountable privacy that stipulates the use of cryptographic techniques for policy enforcement. Current state-of-the-art systems are only able to enforce rather limited policies, such as spending or transaction limits, or assertions about single participants, but are unable to enforce more complex policies that for example jointly evaluate both, the private credentials of sender and recipient, situations that occur in cross-border payments, let alone to do this without auditors in the loop during payment. This severely limits the cases where decentralized virtual assets can be used in accordance with regulatory compliance such as the Financial Action Task Force (FATF) travel rule, while retaining strong privacy features. We present unlinkable Policy-Compliant Signatures (ul-PCS), an enhanced cryptographic primitive extending the work of Badertscher et al.~(TCC 21). We give rigorous definitions, formally proven constructions, and benchmarks using our prototype developed using CharmCrypto which gives the first insights into feasibility of PCS. Unlinkable PCS has the following unique combination of features: 1) It is an enhanced signature scheme where the public key encodes in a privacy-preserving way the user's verifiable credentials (obtained from a credential authority). 2) Signatures can be created (and later publicly verified) by additionally specifying a recipient's public key aside of the to-be-signed message. A valid signature can only ever be created if the attributes $x_S$ of the signer and the attributes $x_R$ of the receiver fulfill some global policy $F(x_S,x_R)$. 3) The signature can be created by the signer just knowing the recipient's public key; there is no further interaction needed and no information is leaked (beyond the validity of the policy). 4) Once credentials are obtained, a user can generate fresh public keys without interacting with the credential authority. By merging the act of signing a transaction with the act of providing an assurance about the involved participants being compliant with complex policies, yet retain that participants are able to change public keys without the involvement of an authority, we formally show how ul-PCS is a step towards improving regulatory compliance of privacy coins such as Monero or Zcash.