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FATF Complex PF and Sanctions Evasion Schemes report exposes major gaps in tackling WMD financing, revealing evolving evasion tactics such as hidden BO, intermediaries, and maritime misuse

June 20, 2025

The report calls for stronger international cooperation, improved information sharing between public and private sectors, and unified definitions and assessments to better detect and disrupt these illicit networks. It also recommends ongoing reviews to identify best practices and enhance the global response to proliferation risks…

FATF’s revised R.16 clarifies roles, standardises data for transfers above USD/EUR 1,000, and requires technology to detect fraud and errors in cross-border payments

June 18, 2025

The FATF has amended Recommendation 16 to clarify responsibilities across the payment chain, standardise required payer and payee information for cross-border transfers over USD/EUR 1,000, and mandate tools to prevent fraud and error. These changes aim to enhance transparency, improve payment accuracy, and support global efforts to combat financial crime while aligning with the G20 roadmap for more efficient cross-border payments…

OECD’s new manual guides jurisdictions in building strong tax crime investigations to fight global evasion, through clear laws, defined roles, enhanced cooperation, and advanced technology

June 16, 2025

It outlines essential components such as defining roles and responsibilities, establishing legal frameworks, and implementing robust case management systems. The manual also highlights the importance of inter-agency cooperation, the use of technology in investigations, and the protection of suspects’ rights. By providing practical tools and country-specific examples, the OECD aims to enhance the capacity of tax authorities worldwide to combat tax crimes effectively…

INTERPOL-led global crackdown on child sexual abuse material uncovers transnational financial crime links, resulting in 20 arrests and 68 suspects identified across 12 countries

June 6, 2025

The coordinated effort, spanning 12 countries across Europe and the Americas, has resulted in the arrest of 20 suspects, including professionals such as a healthcare worker and a teacher involved in exploitation activities. Beyond these arrests, authorities have identified 68 additional suspects, with investigations ongoing to further dismantle the complex criminal networks involved. The operation highlights the critical role of cross-border…

OECD’s updated Common Reporting Standard 2025 expands global tax transparency by including e-money, CBDCs, and crypto-related investments, while tightening due diligence rules

June 2, 2025

Released as a consolidated text, the updated CRS aligns with the Crypto‑Asset Reporting Framework (CARF), introducing stricter due diligence and reporting obligations for financial institutions and crypto-asset service providers. The framework also clarifies exemptions for genuine non-profit organisations and provides updated guidance to ensure consistent application across jurisdictions…

INTERPOL’s European Regional Conference spotlights the role of AI, asset recovery, and cross-border unity to combat rising FC threats through innovation and collaboration

June 2, 2025

The conference showcased how technological advancements, such as AI-powered tools and integrated databases like the Biometric Hub and ICSE, are becoming essential in detecting and disrupting complex criminal networks. Delegates underscored the need for enhanced collaboration among European law enforcement agencies to tackle the evolving landscape of ML, cybercrime, and organized crime that transcend national borders…

FATF and MONEYVAL join forces at the 12–13 June 2025 Plenary to strengthen the global fight against illicit finance through smarter, risk-based, and more inclusive AML/CFT enforcement

June 1, 2025

The plenary will be followed by a FATF-Style Regional Bodies (FSRBs) Chairs’ meeting and a Technical Assistance Peer Exchange on 14 June, designed to improve cooperation and provide targeted support to resource-constrained jurisdictions. The joint effort underscores the global commitment to advancing coordinated, proportionate responses to financial crime threats…

FATF’s Consolidated Assessment ratings (May 2025) highlight Philippines’ removal from the grey list, the addition of Laos and Nepal, and underscore global progress in AML/CFT compliance

May 28, 2025

The Philippines was removed after demonstrating progress in its anti-money laundering and countering the financing of terrorism (AML/CFT) framework. Laos and Nepal were added due to ongoing deficiencies in their AML/CFT systems. The FATF’s actions highlight both progress in some countries and the need for continued improvements in others…

FSB, FATF and OECD holds first Cross-Border Payments Data Forum to align AML/CFT, sanctions, and data privacy standards, driving the G20’s vision for faster, safer, and more efficient global payments

May 27, 2025

The Forum aims to improve cross-border cooperation on data collection, storage, and management in payments. It will also explore how technology and cross-sector collaboration can better align AML/CFT measures with data protection goals, ensuring timely access to necessary information for investigators…

Wolfsberg Group’s 25th Anniversary Forum united global leaders to drive bold actionable reforms – improving SARs, enhancing cross-sector feedback, and advancing smarter FC enforcement strategies

May 26, 2025

The Forum brought together 100 leaders from global financial institutions, regulators, law enforcement, fintechs, and civil society to address the evolving landscape of financial crime. Emphasising a risk-based, trust-driven approach, participants called for clearer definitions of “suspicion,” better alignment of risk assessments across levels, and stronger public-private information sharing backed by legal protections…

INTERPOL, Europol, and WCO drive a major global art trafficking crackdown, seizing over 37,700 stolen artifacts and exposing traffickers’ digital tactics amid rising cybercrime threats to cultural heritage

May 22, 2025

Operation Pandora IX (2024), coordinated by Spain with support from INTERPOL, Europol, and the WCO led to the seizure of 37,727 cultural items and 80 arrests across 23 countries. The operation targeted the illicit trafficking of artworks, archaeological relics, coins, and musical instruments, exposing how criminal networks increasingly exploit e-commerce platforms and social media to trade looted cultural goods—highlighting the rising threat of cyber-enabled financial crime linked to cultural heritage trafficking…

World Bank’s 2nd Symposium report highlights rising corruption risks in climate finance—fraud, greenwashing, and fund misallocation due to complexity, fragmentation, and weak governance

May 21, 2025

The symposium emphasized the critical role of supranational actors—intergovernmental organizations, international aid agencies, and private donors—in mitigating integrity risks and ensuring accountability in climate finance. Key recommendations include enhancing transparency, fostering coordinated anti-corruption efforts, and increasing civil society involvement to safeguard climate funds and ensure their effective use in combating climate change globally…

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