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Money Laundering & Terrorist Financing

Global

This section include AML/CTF initiatives by FATF, OECD, Basel, Wolfsberg Group, Egmont Group, IMF, Interpol, UN, World Bank among others.

FATF Recommendations
Basel Institute of Governance AML Risk Country Index
Egmont Group Financial Crime cases
United Nations Office on Drugs and Crime (UNODC)
OECD Tax Evasion
INTERPOL
IMF AML/CTF
Wolfsberg Principles
World Bank StAR Initiative

And many more..

 

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HKA ‘From Tick Box to Tactical Advantage’ article examines how outdated FC risk assessments can leave firms exposed, reinforcing regulators expectations for forward-looking, risk-based frameworks

April 7, 2026

The article highlights key failures such as tick-box approaches, lack of data, poor methodology, weak governance, and limited coverage of evolving risks and stresses that risk assessments must become dynamic tools that actively guide decision-making. Ultimately, firms that embed scenario analysis, continuous updates, and strong governance can transform risk assessments from a compliance exercise into a strategic advantage…

Cube3AI report reveals that cross-border mule networks, with over 60% of accounts unflagged and 94–96% of scams shifting to Telegram, are enabling large-scale fraud to go undetected

April 7, 2026

Scams often start on mainstream platforms before rapidly shifting to Telegram, where payment instructions and mule account details are exchanged at scale. Many of these accounts appear entirely legitimate—some years old—yet over 60% remain unflagged while quietly processing hundreds of transactions over extended periods. What looks like routine activity in isolation reveals organised, large-scale fraud when connected across institutions. The report makes clear that this is not just a detection gap, but a systemic blind spot, enabling vast…

Hawk’s article underscores model governance as the key barrier to scaling AI in Anti-Financial Crime, with firms struggling with data quality, explainability, and lifecycle management

April 2, 2026

The article emphasises that although organisations are increasingly able to build AI models, many lack the structured governance frameworks, skilled resources, and standardised controls needed to operationalise them effectively, especially under rising regulatory expectations for transparency, explainability, and auditability, ultimately reinforcing that without mature model governance, AI risks remaining confined to pilots rather than delivering sustained, scalable impact across financial crime compliance functions…

IMF’s Cyber Events and Digital Fraud in Financial Sector report finds cyber incidents account for 10% of global cases, while cyber-enabled fraud has nearly tripled and remains widely underreported

March 27, 2026

The paper examines global trends in cyber events and digital fraud affecting the financial sector using multi-source data, including cyber incident databases, official fraud statistics, and industry surveys. It finds a sharp rise in both cyberattacks and fraud over the past decade, driven by rapid digitalisation of financial services, increased system interconnectivity, and growing reliance on digital payments. Cyber incidents are shown to be highly concentrated in advanced economies and financial hubs, with banks and securities markets among the most targeted subsectors….

UNODC and INTERPOL convene 1,300+ leaders at the 2026 Global Fraud Summit to tackle the $442B fraud surge, AI-driven scams, and launch new tools for stronger global collaboration

March 23, 2026

UNODC and INTERPOL, supported by Canada, Singapore, the UK, and private-sector partners including Amazon, Meta, Santander, TikTok, and the Global Anti-Scam Alliance, hosted the Global Fraud Summit in Vienna on 16–17 March 2026 to tackle the rising global threat of fraud. During the summit, 44 countries pledged concrete actions, while UNODC introduced new resources to enhance collaboration between governments and the private sector in preventing and combating fraud…

Resistant AI blog reveals how fraud has evolved from simple opportunistic scams into a rapidly scaling, AI-driven industrial ecosystem that adapts in real time to exploit modern digital finance

March 23, 2026

The blog highlights that artificial intelligence has further accelerated this evolution, allowing criminals to generate convincing fake documents, impersonations, and scams with minimal effort. As a result, fraud has become a constantly evolving ecosystem that mirrors legitimate digital innovation—dynamic, scalable, and increasingly difficult to detect—forcing financial institutions to adopt more adaptive, layered, and intelligence-led defences…

FATF warns at the 2026 Global Fraud Summit that fraud is now a global, tech-driven criminal economy and urges using its AML toolkit to tackle digital payments and cross-border threats

March 18, 2026

FATF highlighted that tackling this surge requires practical use of its AML toolkit, including rapid transaction freezing, beneficial ownership transparency, virtual asset tracing, and stronger public-private information sharing, underscoring the need for coordinated global action to effectively disrupt increasingly organised fraud networks. To encourage concrete action to respond to these growing threats, the FATF hosted a side event Stopping Fraud with the FATF Anti-Money Laundering Toolkit, moderated by FATF Vice President, Giles Thomson…

UNODC’s Toolkit on Public‑Private Partnerships Against Organised Fraud provides a practical roadmap, using the “fraud chain” and phased guidance to forge powerful, lasting anti-fraud collaborations

March 17, 2026

It outlines models and best practices for joint action across the fraud lifecycle, from detection and prevention to investigation and disruption, enabling private actors like financial institutions and tech companies to identify suspicious activity, share information with authorities, implement anti‑fraud measures, and raise public awareness. Part of UNODC’s broader efforts under the Global Programme on implementing the UN Convention against Transnational Organized Crime, the toolkit aims to strengthen partnerships, build capacity, and enhance global coordination in combating…

OECD Policy brief ‘How Drug Traffickers Exploit Modern Trade Solutions’ flags criminals embed drugs across global supply chains, exploiting loopholes from free trade zones to maritime and parcel networks

March 16, 2026

The policy brief highlights that rising volumes of cocaine, fentanyl and other synthetic drugs are entering legitimate trade channels, where traffickers conceal shipments among vast flows of goods and exploit gaps in customs oversight, governance and enforcement. It concludes that countering these trade-based trafficking methods requires stronger international cooperation, improved risk-based screening in logistics and shipping systems, and closer public-private partnerships with transport and supply-chain actors…

UNODC’s Handbook on Effective Communication Strategies for the Prevention of Organised Fraud empowers stakeholders outsmart fraudsters with viral campaigns, business protections, and coordinated cross-border messaging

March 16, 2026

It emphasises why communication matters in fraud prevention, explaining how language, messaging and channels influence public understanding of risk, shape behaviours, and help people recognise and avoid sophisticated schemes that exploit trust. The guide breaks down how to identify target audiences (such as consumers, vulnerable groups, businesses and professionals), tailor messages to their needs, and select the most effective communication platforms — from traditional media to digital and community outreach — to maximise impact. It also highlights the importance of coordinated, consistent…

INTERPOL’s Global Financial Fraud Threat Assessment 2026 warns of a surging fraud crisis with AI scams 4.5× more profitable, $442B lost in 2025, Notices up 54%, and $1.1B recovered across 1500+ cases

March 16, 2026

Criminal networks are expanding globally, working with specialised money-laundering groups and even terrorist organisations in some regions, while scam centres—often involving trafficked victims—have spread worldwide. The assessment also notes improving law enforcement response, with a 54% increase in INTERPOL Notices and support for over 1,500 cases recovering USD 1.1 billion, but stresses that fraud’s growing scale, complexity, and links to cybercrime and human trafficking demand stronger international cooperation and more adaptive financial crime controls…

UN Commission on Narcotic Drugs establishes a 19-member Expert Panel to offer clear actionable recommendations for strengthening global drug control and supporting the 2029 policy review

March 12, 2026

The panel will analyse progress since the 2019 Ministerial Declaration on global drug control commitments and provide evidence-based recommendations to guide future international drug policy discussions. Its work will draw on expertise across health, justice and development fields to assess the evolving world drug problem and inform UN member states ahead of the 2029 high-level policy review…

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