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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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Companies House publishes the ‘Register of People with Significant Control’ guidance, detailing how UK companies must identify and record individuals or entities with substantial ownership or control

November 28, 2025

Under the PSC regime, firms must identify individuals or legal entities that meet defined “significant control” criteria — for example holding over 25% of shares or voting rights, having the power to appoint/remove a majority of directors, or otherwise exercising significant influence — and submit this data to Companies House. The system now centralises all PSC registers at Companies House …

FSB releases its 2025 G‑SIB list, keeping 29 banks with some bucket shifts, highlighting stricter capital, resolvability, and compliance requirements to safeguard against systemic and FC risks

November 28, 2025

The designation requires these banks to hold higher loss-absorbing capacity, meet Total Loss-Absorbing Capacity (TLAC) standards, maintain robust resolution plans, and adhere to enhanced supervisory expectations, underscoring their systemic importance and the need for strong governance, risk management, and compliance to safeguard global financial stability…

 

RUSI’s latest podcast warns that terrorist groups are exploiting online gaming and virtual economies to move funds anonymously, highlighting the need for stronger oversight and collaboration

November 28, 2025

The episode warns that these platforms largely operate outside regulated financial systems, making detection difficult, and stresses the need for stronger cooperation between gaming companies, regulators, and financial‑crime authorities to address this emerging risk…

FCA releases Handbook Notice 135, updating market rules and UK–Switzerland cross-border requirements while strengthening firms’ financial crime and due diligence obligations

November 28, 2025

The notice also introduces new guidance for firms providing investment and insurance services into Switzerland and updates technical standards across market-integrity and consumer-protection rules. These changes carry compliance and financial-crime implications, particularly around trade-reporting obligations, cross-border due-diligence expectations, and strengthened governance requirements…

UK Parliament launches inquiry into the Govt’s Financial Inclusion Strategy, urging action beyond ‘box‑ticking’ to ensure vulnerable groups gain real access to financial services while curbing FC risks

November 28, 2025

The Committee will examine whether existing measures, such as banking hubs, effectively reach those excluded from mainstream finance and will call for a strategic, outcome-driven approach supported by the private sector. From a financial‑crime perspective, meaningful inclusion is crucial: without access to regulated banking, excluded individuals may rely on informal or opaque channels, heightening risks…

ESMA issues a statement under MiCA setting out standardised, machine-readable formats for crypto transactions, identifiers, and white papers, strengthening transparency, traceability, and market integrity

November 28, 2025

The statement mandates that order-book and transaction records be maintained in machine-readable JSON format, that legal-entity clients and crypto-assets be identified using LEIs and DTIs respectively, and that crypto-asset white papers follow a standardised iXBRL/XHTML template per ESMA’s taxonomy. By harmonising data formats and identifiers, the guidance enhances regulatory oversight, improves traceability, and strengthens market integrity, helping authorities detect market abuse, money-laundering, and illicit flows…

FinCEN alerts FIs, especially MSBs to heighten vigilance over cross-border transfers that may involve individuals without lawful U.S. status and potentially conceal illicitly obtained funds

November 28, 2025

The alert reminds firms of their obligation to file Suspicious Activity Reports for any transaction of $2,000 or more when illicit activity is suspected and instructs them to reference the term “FIN-2025-Alert003” in relevant SARs. Issued in line with Executive Order 14159, the alert forms part of broader U.S. efforts to combat the exploitation of the financial system, noting that while most remittances are legitimate…

Europol seizes 16.6M counterfeit and dangerous toys worth €36.8M, reporting 555 individuals in a major crackdown on organised illicit trade

November 27, 2025

Over successive rounds of Operation LUDUS, Europol coordinates seizures of millions of counterfeit and unsafe toys, uncovering complex trafficking networks that exploit weak online-marketplace oversight, limited traceability and minimal import controls. The operations expose both significant intellectual-property and economic harm to legitimate manufacturers and serious consumer-safety risks, including toxic-…

FINTRAC publishes Operational Alert, Laundering the Proceeds of Online Child Sexual Exploitation, introducing new indicators to help businesses detect and report financial transactions linked to OCSE

November 27, 2025

By tracing financial flows, FINTRAC generates actionable intelligence that aids law enforcement in Canada and internationally to identify and target perpetrators. The Alert updates FINTRAC’s December 2020 strategic intelligence, reflecting new indicators based on analysis conducted with financial institutions, law enforcement, government agencies, and international FIUs…

EP and the Council of the EU secure a landmark payments deal that clamps down on online fraud, boosts consumer protection, and forces full fee transparency to make digital payments safer and fairer 

November 27, 2025

EP and the Council of the EU have reached a deal on new payment-services rules (PSR/PSD3) that significantly bolster consumer protection by cracking down on online fraud, making providers liable when they fail to prevent it, requiring stronger verification and quicker victim reimbursement, mandating full transparency on fees, and improving access to cash, marking a major overhaul of the EU’s payments…

EC releases draft format for submitting BOI to central registers, providing a checklist of min. data requirements to standardise reporting, enhance transparency, and support AML efforts across the EU

November 27, 2025

The aim is to support harmonisation under the broader EU anti-money laundering (AML) framework, ensuring that BOI data (for companies, trusts and other legal arrangements) are recorded in a central register in a way that is machine-readable, usable and legally reliable. The formats would facilitate easier verification, automated checks, and help regulators, financial institutions and obliged entities efficiently…

EC unveils DigComp 3.0, an updated digital-competence framework for 2025 designed to equip Europe with essential skills in AI, cybersecurity, digital wellbeing, and misinformation

November 27, 2025

The framework aims at equipping European citizens, educators, and employers with essential skills in artificial intelligence, cybersecurity, digital wellbeing, and combating misinformation, while providing over 500 detailed learning outcomes to guide upskilling, reskilling, and lifelong digital education across the EU in response to rapidly evolving technologies and increasing digital risks…

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