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FATF launches a ML NRA Toolkit to help countries identify and address key ML risks, focusing on high-risk areas – corruption, virtual assets, opaque structures, and informal channels

September 1, 2025

This toolkit provides countries with cross-country risk insights, such as proceeds of crime estimates and most common types of predicate offences and money laundering on a domestic and international level, to help governments and the private sector address the highest risks to ensure that crime does not pay. The toolkit highlights the international, cross-border nature of money laundering…

Wolfsberg publishes Part II of its Statement on Effective Monitoring for Suspicious Activity, outlining a framework for FIs to responsibly adopt AI and other innovative tech in AML programs

August 27, 2025

The statement marks a clear evolution toward innovative, effective and transparent suspicious activity monitoring. It encourages FIs to responsibly transition from rigid, legacy transaction monitoring to dynamic, AI-enabled systems—with measurable effectiveness, governance, explanation, and regulatory alignment at their core…

GI-TOC highlights that organised crime in South Caucasus is going transnational, exploiting trade routes, political tolerance, and digital tools to fuel sanctions evasion and global illicit networks

August 13, 2025

While Azerbaijan has largely absorbed criminal networks into the state apparatus, Georgia and Armenia see groups operating with tacit political tolerance. Thieves-in-law remain influential, maintaining international operations in extortion, illicit trade, and money laundering. Armenia and Georgia have emerged as hubs for Russian goods and sanctions evasion, while Azerbaijan facilitates Russo-Iranian commerce…

BIS Bulletin Aug 25 proposes a new AML model for cryptoassets, including stablecoins, by assigning each unit a compliance score based on its transaction history to track illicit activity

August 13, 2025

Recognizing the limitations of traditional AML methods in permissionless, decentralized networks, the BIS suggests leveraging blockchain transparency to gauge the risk each asset poses. These risk scores—ranging from “clean” to “tainted”—would be used at crypto-to-fiat conversion points (“off-ramps”) to block suspicious funds, thus fostering a duty-of-care culture among exchanges and issuers…

INTERPOL hosts Youth Cybercrime Awareness Webinar engaging 800+ participants across Asia-Pacific, providing expert guidance on online safety, emerging cyber threats, and responsible digital behavior

August 12, 2025

Discussions highlighted the increasing targeting of youth by cybercriminals offering fraudulent scholarships, gaming rewards, and job opportunities, often facilitated by sophisticated generative artificial intelligence tools like deepfakes. Participants were encouraged to adopt critical thinking, utilize privacy settings, maintain strong passwords, and report suspicious activities to enhance their online security…

GI-TOC analysis warns by 2035, the Western Balkans could become a nexus for cybercrime, combining blockchain and AI innovation with organised crime in “criminal states” and resource-scarce markets

August 6, 2025

This evolution is being driven by several converging factors: entrenched state capture and corruption that allows criminal actors to influence governance and economic decisions; rapid adoption of advanced technologies, including cybercrime tools, blockchain, and encrypted communications; and climate-driven resource scarcity, which opens new opportunities for control over water, energy, and rare minerals…

OECD’s July 2025 CARF XML update streamlines global crypto tax reporting with error-aware, standardised data exchange ahead of 2026 enforcement

July 30, 2025

The document provides technical guidance on the updated XML schema for the Crypto-Asset Reporting Framework (CARF), facilitating standardised and automated exchange of crypto-asset tax information. Its aim is to ensure consistent, accurate, and efficient cross-border reporting by aligning data submission processes with global tax transparency standards.

GI‑TOC Research report maps East and Southern Africa as a major conduit for heroin, illicit gold, and wildlife trafficking, fueled by global crime networks, insurgents, and weak border controls

July 30, 2025

The report highlights the emergence of critical regional hubs and the complex cross-border illicit economies , spanning drugs, wildlife trafficking, illegal mining, and human smuggling that underpin these risks. This evolving landscape underscores the urgent need for coordinated enforcement and regulatory strategies to address the multifaceted financial crime challenges in the region…

FATF reveals how threat actors exploit the gaps: what you need to know about sanctions evasion & proliferation financing tactics – and how to strengthen your defences

July 29, 2025

Featuring a panel of international experts from both public and private sectors, the discussion highlighted emerging challenges that complicate detection and compliance efforts in an evolving financial crime landscape. Attendees gained valuable insights into common obstacles faced when addressing these illicit activities and explored effective strategies and good practices for enhancing risk-based approaches. This webinar serves as a crucial resource…

FATF highlights the evolving tactics and emerging threats in TF, calling for adaptive, intelligence-led responses and enhanced global information sharing to strengthen detection and disruption

July 22, 2025

Experts emphasized the persistent ability of terrorist groups to adapt their financing strategies, exploiting vulnerabilities in the global financial system. The discussion introduced updated risk insights, underscoring emerging threats and future…

Wolfsberg reaffirms its commitment to the RBA, urging banks to embed ‘Proportionality, Prioritisation, and Effectiveness’ in FC controls, with plans to update its 2006 RBA Framework and 2015 FAQs

July 22, 2025

It urges institutions to tailor controls to their specific risk profiles and business contexts (proportionality), focus resources on higher‑risk customers and activities rather than applying blanket measures (prioritisation), and ensure programmes deliver measurable, outcome‑driven results (effectiveness). The statement also commits to formally updating its 2006 RBA guidance and 2015 risk assessment FAQs…

UNODC’s ‘Ukraine Organised Crime Dynamics’ report warns the war is driving drug trafficking, cyber fraud, arms smuggling, and human trafficking – urging stronger controls and cooperation

July 18, 2025

The conflict has displaced millions, increasing vulnerabilities to human trafficking and draft evasion schemes. With criminal groups exploiting wartime conditions, the report warns of growing economic and social harm, urging enhanced border controls, centralized monitoring, and stronger public-private partnerships to combat these evolving threats effectively…

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