by Jyotsna Bucktowar | Jun 6, 2025 | News
FinCEN issues a new advisory highlighting Iranian oil smuggling, shadow banking, and weapons procurement typologies to help FIs detect and report illicit financial activity. The Advisory replaces FinCEN’s 2018 Iran Advisory, which FinCEN…
by Jyotsna Bucktowar | Jun 5, 2025 | News
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. The European Commission and High Representative have unveiled the EU’s...
by Jyotsna Bucktowar | Jun 5, 2025 | News
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. Annual report finds that, despite progress on access to...
by Jyotsna Bucktowar | Jun 3, 2025 | News
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. These actions come amid troubling findings that older Australians…
by Jyotsna Bucktowar | Jun 3, 2025 | News
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. Alfalasi was the ringleader in this sophisticated…
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