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This section covers AML/CTF initiatives by European Commission, Council of Europe MONEYVAL, European Parliament, Europol and other related EU organisations.
New EU AML Package
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EBA’s 2025 Opinion on ML/TF risks flags 61% of breaches stem from weak risk frameworks and outdated due diligence, while poor RegTech deployment and governance gaps heighten vulnerabilities
The report highlights that many fintech firms still prioritise growth over robust AML/CFT controls, and although residual risks in traditional sectors like banking have improved, product‑ and service‑level risks are now overtaking customer risks. Calling for stronger governance, consistent application of the EU’s risk‑based approach, and alignment with upcoming AML reforms, the EBA urges national authorities and legislators to close compliance gaps…
Denmark proposes groundbreaking amendment to its copyright law, granting individuals legal rights over their face, voice, and likeness to tackle the misuse of AI-generated deepfakes
A first in Europe, this law aims to combat deepfake misuse and protect individuals from AI-generated impersonations. As deepfakes grow more advanced, banks must tighten defenses. The law encourages smarter onboarding with digital CDD and eKYC – balancing seamless client experience with stronger identity checks…
Europol busts a fake document ring disguised as a Greek travel agency, arresting 8 suspects and seizing forged IDs, biometric data, €68K+ in cash, drugs, and printing tools used to fuel illegal migration
The criminal group mainly Pakistani, Iranian, and Turkish nationals—produced and trafficked counterfeit passports, ID cards, and other documents across the EU, helping facilitate illegal migration. The case highlights how criminal networks exploit legitimate business fronts to enable document fraud and cross-border crime…
Europol, with Romanian and UK authorities, dismantle an ATM fraud ring that stole €580K through transaction reversal scams, arresting 10 suspects and seizing luxury assets linked to ML and card fraud
Coordinated raids led to eight arrests in the UK and two more in Romania, alongside the seizure of real estate, luxury cars, electronics, and cash linked to money laundering. Europol and Eurojust provided data analysis, operational support, and judicial coordination, while investigators also uncovered related crimes including skimming, card forging, and automated card number attacks…
Europol arrests the operator of xss.is, a Russian‑language cybercrime forum with 50K users trading stolen data and hacking tools, who also ran thesecure.biz and made €7M+ from illicit activities
The suspect, detained in Kyiv, also ran thesecure.biz, a private messaging service for criminals, and reportedly earned more than €7 million from advertising and facilitating illicit transactions. Investigators seized digital infrastructure and critical data, disrupting a platform that served as a trusted hub for ransomware gangs and fraudsters worldwide…
EC’s 2024 PIF Report reveals a 26% rise in reported fraud cases, highlights progress in digital anti-fraud tools, and calls for stronger data sharing, mandatory national strategies, and governance reforms
Member States reported a total of 13,589 irregularities in 2024, with confirmed cases of fraud rising to 1,364 (+26% year-on-year). While overall reporting dipped slightly, fraud detection increased suggesting improved vigilance and better follow-up procedures. The report underscores the growing role of digitalisation and innovative IT tools (such as Arachne, EDES, SUMMA, IMS) in detecting and preventing fraud… ..
Europol’s paper, ‘From Streets to Screens,’ calls for robust digital policing through ethical data use, an enhanced online presence, and private-sector partnerships to combat cybercrime
The paper outlines strategies for law enforcement to effectively combat crime in the online world. The paper emphasizes the necessity for police to establish a visible and transparent presence in digital spaces to build trust with hard-to-reach and at-risk communities. It advocates for the ethical use of data and the development of digital capabilities to address the challenges posed by online crime…
OLAF leads a major cross-border crackdown in Ukraine, exposing eight illegal workshops producing €2.3M in counterfeit pesticides
The European Anti-Fraud Office (OLAF) played a central role in coordinating a Joint Investigation Team with Ukrainian and Romanian authorities to dismantle a large-scale underground pesticide production and counterfeiting network. The operation resulted in the seizure of over 175 tons of counterfeit agrochemicals and related materials valued at more than €2.3 million, safeguarding food security and environmental safety in the EU and beyond…
Europol disrupts a major drug trafficking network across Belgium, the Netherlands, and the UK, arresting 7, seizing 600+ kg of drugs and €5M hidden in cargo and mail
The traffickers utilised sophisticated methods, such as concealing drugs in deck cargo and mail packages, to evade detection. The coordinated effort involved 11 house searches across the three countries, with nine conducted in Belgium, one in the UK, and one in the Netherlands. Europol has been supporting the investigation since September 2024…
EC unveils bold review of the EU’s Anti-Fraud Architecture to protect the EU budget against rising transnational fraud, organised crime, and tech abuses like AI and crypto, with reforms set for 2026
The initiative focuses on improving the entire anti-fraud process—from prevention and detection to investigation, prosecution, and recovery—by enhancing data sharing, access, and the use of advanced tools. It also aims to boost cooperation among EU agencies and member states, with key stakeholders invited to contribute ahead of planned policy updates expected in 2026…
Europol reveals pro-Russian cyber gang NoName057(16) funded major DDoS attacks on Ukraine and NATO allies with crypto payments, exposing key financial crime risks
Operation “Eastwood” led to two arrests, seven international arrest warrants, disruption of over 100 servers, and searches across multiple EU countries. The network recruited thousands via Telegram, paying them in crypto to attack targets, highlighting the financial crime risks tied to politically motivated cyberattacks….
AMLA outlines in its 2025 Work Programme that firms involved in crypto asset activities must have robust protections against ML/TF in place
AMLA expects all licensed crypto-asset service providers in the EU to implement comprehensive and effective anti-money laundering and counter-terrorist financing measures from the outset. The Authority emphasizes coordinated, risk-based supervision in partnership with national regulators to ensure consistent enforcement and address emerging cross-border threats…