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Money Laundering & Terrorist Financing

Over 20 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

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FATF President identifies fraud as top operational priority, calling for stronger global efforts to prevent fraud, share intelligence and recover illicit assets at G20 Meeting

October 19, 2026

He highlighted plans to strengthen prevention, information sharing, public-private partnerships, disruption and asset recovery through FATF standards and its Global Network. He also called for risk-based supervision to direct resources towards the greatest threats. Thomson stressed the need for effective implementation of FATF standards on virtual assets, which continue to be exploited…

Swiss Federal Council’s third National Risk Assessment on ML/TF flags organised crime, corruption, property and tax crime as key threats and calls for a effective review of the new transparency register

October 19, 2026

The report finds that Switzerland’s exposure to money laundering and terrorist financing risks remains broadly stable, although technological advances, geopolitical changes and regulatory developments are influencing the threat landscape. The report also identifies heightened risks in sectors exposed to foreign markets, new technologies and recently introduced regulation…

European Supervisory Authorities (EBA, EIOPA and ESMA) publish their 2027 work programme, prioritising DORA oversight, AI risks and cross-sectoral financial supervision

October 19, 2026

Under DORA, the authorities will continue oversight of critical ICT third-party service providers and strengthen financial-sector preparedness for cyber threats. They will also assess the implications of AI and other digital innovations, while advancing coordinated consumer protection and consistent implementation of the EU sustainability framework. The programme supports stronger cross-sectoral supervision and the EU’s Savings and…

GFI’s Enablers Gap report exposes gaps in regulating professional enablers of illicit financial flows in Kenya, Uganda and Ghana, with illicit flows costing Africa at least US$50B annually

October 18, 2026

Despite legislative reforms, GFI finds that non-financial professions remain under-supervised, suspicious transaction reporting is minimal and regulation of trust and company service providers is incomplete. The report calls for stronger licensing, beneficial ownership transparency and enforcement, alongside greater use of integrated data and supervisory technology to address emerging AI- and virtual asset-enabled laundering risks…

NCA’s 2025–26 SARs Annual Report reveals a 3% rise in SARs to 896,414 and a 15% increase in funds denied through the DAML regime to £440.8m, despite a 23% fall in DAML requests

October 16, 2026

Despite the increase in funds blocked, DAML requests fell 23% to 44,553, following the July 2025 increase in the reporting threshold from £1,000 to £3,000. Requests for a Defence Against Terrorist Financing (DATF) rose 28% to 509, highlighting continued demand for financial intelligence to tackle suspected TF. The findings underscore the critical role of SARs in disrupting illicit finance and the importance of high-quality reporting in supporting…

European Commission and Europol’s Digital Forensics report warn of critical gaps in EU law enforcement capabilities as cloud data, encryption and AI complicate investigations

October 16, 2026

The report assesses gaps in digital forensic capabilities across EU Member States to guide future EU action and investment. It identifies shortages in resources and specialist skills, inconsistent tools and limited interoperability as barriers to effective investigations and cross-border cooperation. Key challenges include accessing cloud data, analysing evidence from connected devices and vehicles, and using AI within legal safeguards….

New Zealand DIA identifies 64 previously unregistered real estate entities within its AML/CFT supervisory population, exposing gaps in regulatory coverage and compliance readiness

October 15, 2026

Its Know Your Population project examined licensed real estate businesses that were not registered with DIA or the Police Financial Intelligence Unit’s goAML platform. Although 86% of assessed entities had appointed a compliance officer, the findings reinforced the importance of conducting risk assessments before developing effective AML/CFT programmes.

NCA’s 2025–26 SARs Annexes show banks accounted for 760,376 SARs (84.8% of submissions), with financial services contributing 99,956; DAML requests fell 22.1%, while TF SARs rose to 1,187

October 15, 2026

Virtual-asset reporting declined: cryptocurrency exchanges submitted 13,740 SARs, down from 14,153 in 2024–25. DAML requests fell by 22.1%, from 57,214 to 44,553. Banks remained the largest source, submitting 19,081 requests, followed by e-money and e-payment providers with 8,153. Terrorist-financing SARs increased: submissions rose from 1,097 to 1,187, with banks accounting for 529 reports. The annexes provide a sector-level view of reporting trends across banking, payments, accountancy, legal services, gambling, property and virtual assets, helping identify where reporting volumes…

FSB’s Final report on AI adoption in FIs sets out 12 sound practices for governing AI and managing risks, including fraud detection, AML/KYC, cybersecurity and third-party dependencies

October 15, 2026

The report highlights growing concerns around agentic AI, cybersecurity vulnerabilities, third-party dependencies and over-reliance on automated systems.
It emphasises stronger governance, clear accountability, human oversight and improved monitoring of AI systems throughout their lifecycle. The guidance also stresses proportionate risk controls and the need to adapt existing frameworks as AI technologies evolve…

OECD’s AI privacy Policy Brief highlights risks from chatbot data and web scraping, calling for greater transparency, stronger opt-out controls and better ways to remove personal data from trained models

October 15, 2026

The brief examines privacy risks arising from chatbot interactions and web scraping, highlighting opt-out mechanisms, data filtering and privacy-enhancing technologies as potential safeguards. It also explores the challenges of personal data memorisation, machine unlearning and emerging agentic AI systems, recommending closer collaboration between regulators and industry to strengthen user control…

UK PSR consults on a simplified regulatory framework for payment system access, ahead of its functions transferring to the FCA, with responses due by 10 Dec 2026

October 15, 2026

The proposals would revise General Direction 2, revoke General Direction 3 and introduce a single access test for direct and indirect access. The framework would retain the existing principle that access requirements must be proportionate, objective and non-discriminatory, while improving consistency and transparency. The PSR is seeking feedback by 10 December 2026…

AUSTRAC updates its threshold transaction reporting guidance to clarify when physical currency and mixed transactions trigger AML/CTF reporting obligations

October 14, 2026

The revised guidance, dated 14 October, includes additional examples to help reporting entities distinguish transactions involving physical cash from other payment arrangements. The clarification is relevant to businesses adapting their transaction monitoring and reporting procedures under Australia’s reformed AML/CTF framework…

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