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GIABA publishes Mutual Evaluation Report on Guinea

Notes that effective and efficient implementation of the AML/CFT regime in Guinea is fundamentally limited by the low banking rate in the economy, the predominant use of cash, the pre-eminence of the informal sector, the vastness of the land borders and prevalent corruption.

Artforum: Head of Saudi Arabia’s Alula Cultural Development arrested on suspicion of money laundering

“Amr al-Madani, chief executive officer of the Royal Commission for AlUla (RCU), the government agency created in 2017 to conserve and develop AlUla, a 2,000-year-old archaeological and historical site in northwestern Saudi Arabia, was arrested on January 28 on allegations of corruption. News of his arrest was made public by the country’s Oversight and Anti-Corruption Authority (Nazaha). Al-Madani is accused of abuse of authority and money laundering.”

The NCA releases a statement in response to the Virtual Global Taskforce regarding the impact of End-to-End Encryption (E2EE) and AI on combating online child sexual abuse

The Virtual Global Taskforce believes we have reached a significant technological tipping point with the roll out of End-to-End Encryption (E2EE) and the rapid evolution of Artificial Intelligence (AI). The confluence of these developments significantly alters the online landscape and make the law enforcement response to tackling online child sexual abuse (CSA) increasingly complex.

GIABA announces second enhanced follow-up and technical compliance re-rating on Nigeria

Finds that Nigeria has made significant progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation, although country will remain under enhanced follow-up until at least November 2024.

GIABA releases fourth enhanced follow-up and technical compliance re-rating on Mali

Notes that Mali has made significant progress in addressing the technical compliance deficiencies identified in its MER on Recommendations 2,6, 7, 8, 28 and 34 and re-rates accordingly. Mali will remain under enhanced follow-up system.

EAG assesses the Kyrgyz Republic’s progress in strengthening measures to tackle money laundering and terrorist financing

Finds that the Kyrgyz Republic has made significant progress in rectifying the technical compliance shortcomings identified in the MER, with re-rating occurring on several recommendations≥

Conflict Armament Research publishes report on Islamic State activities in north-east Syria during 2021-22

In this report, CAR investigates the weapons used in three attacks targeting detention centres housing IS prisoners and suspected affiliates, showing how common links between the materiel used by the different cells shows that they were closely linked and supported by a centralised distribution network that equips top-tier members for specific, high-profile, operations.

Home Office’s response to the consultation on the Code of Practice issued under POCA 2002 can be found in the draft explanatory memorandum that accompanies the draft statutory instrument that will bring the revised code of practice into effect

Consultation was undertaken to reflect the changes made to the Unexplained Wealth Order (UWO) regime.

FATF updates consolidated assessment ratings

This table provides latest up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance (last updated on 23 January 2024). These should be read in conjunction with the detailed mutual evaluation reports, which are available…

UK Government releases guidance on money laundering reporting obligations in relation to the DAML exemption

The first amendment increases the threshold amount for a DAML application from GBP250 to GBP1,000, when a firm wishes to terminate a business relationship with a customer or client. The second one allows firms to pay away money or other property from a customer’s account where they know or suspect that part of the funds or property therein constitute criminal property…

$150m cryptocurrency seizure following US-UK cooperation

The head of a multi-million-dollar drug enterprise has pleaded guilty to supplying hundreds of kilograms of illegal drugs on a global scale. Singh, 40, of Haldwani, India, sold the drugs on dark web marketplaces, before personally shipping or arranging their shipment from Europe to destinations across the world. The investigation into Singh was led by the US Drug Enforcement Administration (DEA) and supported…

 

 

Europol publishes new report on the market for heroin and other opiods

Describes the European market for heroin (the most frequently used illicit opioid), from production and trafficking, to distribution and use.