Recent Posts

• FinCEN issues a new advisory highlighting Iranian oil smuggling, shadow banking, and weapons procurement typologies to help FIs detect and report illicit financial activity
• EU sets out its International Digital Strategy to strengthen global ties, advance AI and cybersecurity, and bolster digital finance systems against illicit flows and cross-border FC
• GRECO’s 2024 Activity report raises alarm over persistent threats to judicial independence and weak enforcement of political finance transparency, calling for swift and decisive reforms
• AUSTRAC imposes US$5K cash limits on crypto ATMs to curb rising scams targeting seniors, mandating operators to enforce EDD, clear scam warnings, and tougher transaction monitoring
• CPS secures a £2.5M confiscation order against a convicted money launderer who moved an estimated £93–£110m in illicit cash from the UK to Dubai via couriers flying with £500K per trip