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Money Laundering & Terrorist Financing

Over 20 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

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GI-TOC’s Policy paper ‘Turning the Tide Together’ warns that the Pacific’s growing methamphetamine trade is empowering transnational crime networks, fuelling illicit finance, corruption and instability

May 15, 2026

The paper highlights how Pacific Island countries are facing growing domestic methamphetamine consumption alongside increased trafficking activity linked to transnational organised crime networks operating across Asia and Oceania. GI-TOC and the Pacific Security College call for a Pacific Islands Forum-led regional summit in 2027 and development of a Pacific-led Regional Synthetic Drugs Strategy focused on prevention, treatment, harm reduction, law enforcement cooperation, and community resilience…

FCA, BoE and HMT issue joint statement warning that Frontier AI models are intensifying cyber threats, fraud, and operational resilience risks, urging stronger governance and cyber defences

May 15, 2026

The authorities warn that while AI can improve efficiency, detection capabilities, and financial innovation, it also introduces new systemic risks, particularly where firms rely heavily on third-party AI providers, interconnected digital infrastructure, and automated decision-making systems. The statement emphasises the need for FIs to strengthen governance, AI risk oversight, cyber resilience testing, supply chain security, and operational safeguards to ensure that the adoption of advanced AI technologies does not undermine financial stability…

IMF Article IV Statement commends Hong Kong’s resilient and well-supervised financial system but flags rising AML/CFT and risk oversight needs driven by fintech, AI, and tokenisation

May 15, 2026

It notes meaningful progress in strengthening risk monitoring of non-bank financial institutions through expanded assessments and targeted stress testing, alongside improved system-wide surveillance and early-warning capabilities that enhance detection of emerging vulnerabilities. At the same time, it flags that Hong Kong’s accelerating shift toward fintech, AI-driven financial services, and asset tokenisation under the “Fintech 2030” strategy is expanding the risk landscape, introducing new and more complex money laundering and fraud typologies…

FCA’s Financial Crime Conference (May 2026) highlighted “dialling up” controls in high-risk areas and “dialling down” where governance is strong, focusing on AI, data quality, resilience and accountability

May 14, 2026

Key themes emerging from the FCA Financial Crime Conference included growing discussion around “dialling-up” controls, friction and human oversight where risks increase, while “dialling-down” may become possible where firms can demonstrate strong governance, effectiveness and oversight. Discussions also focused heavily on AI governance, explainability, operational resilience, data quality and increasing board accountability expectations…

ESAAMLG’s 2nd Enhanced Follow-Up Report on Angola notes improved prevention and supervision, but ongoing weaknesses in enforcement, investigations, prosecutions, and asset recovery

May 14, 2026

The report assesses Angola’s progress in resolving technical compliance shortcomings identified in its 2023 mutual evaluation, including reforms relating to preventive measures, supervision, and broader AML/CFT controls that supported several re-ratings. ESAAMLG also highlights ongoing concerns around operational effectiveness, risk-based supervision, investigations, prosecutions, and asset recovery, indicating that further institutional strengthening and implementation improvements remain necessary…

ESAAMLG 6th Enhanced Follow-Up Report on Malawi highlights stronger AML/CFT legal and cooperation frameworks, but persistent gaps in supervision, financial intelligence, and asset recovery

May 14, 2026

The report identifies progress across several FATF Recommendations, including enhancements to targeted financial sanctions, preventive measures, beneficial ownership requirements, and international cooperation mechanisms that resulted in technical compliance upgrades. ESAAMLG also highlights continuing concerns relating to operational capacity, risk-based supervision, use of financial intelligence, and the effectiveness of money laundering investigations, prosecutions, and confiscation measures, requiring further reforms and sustained monitoring…

ESAAMLG’s 6th Follow-Up Report on Mozambique shows progress in sanctions, cooperation, and BO, but continued weaknesses in enforcement and intelligence use

May 14, 2026

The report recognises progress in areas including targeted financial sanctions, preventive measures, beneficial ownership requirements, and international cooperation frameworks, leading to upgrades in several technical compliance ratings. ESAAMLG also identifies continuing concerns relating to risk-based supervision, operational capacity, financial intelligence use, and the effectiveness of money laundering investigations, prosecutions, and asset confiscation measures…

ESAAMLG’s 6th Enhanced Follow-Up Report on Seychelles notes improved compliance in BO and supervision, but effectiveness gaps in enforcement and risk-based implementation remain

May 14, 2026

The report recognises progress in areas including beneficial ownership transparency, targeted financial sanctions, preventive measures, and supervision of financial institutions and designated non-financial businesses and professions. ESAAMLG also identifies remaining shortcomings relating to implementation effectiveness, risk-based supervision, and operational outcomes in money laundering investigations, prosecutions, and asset recovery, requiring continued follow-up monitoring…

ESAAMLG’s 16th Enhanced Follow-Up Report on Uganda finds stronger sanctions and preventive measures but critical gaps in BO transparency, supervision, and ML enforcement

May 14, 2026

The report assesses Uganda’s progress against FATF Recommendations and notes improvements in areas including targeted financial sanctions, preventive measures, and international cooperation frameworks, resulting in several technical compliance upgrades. ESAAMLG also identifies continuing concerns relating to supervision of higher-risk sectors, beneficial ownership transparency, operational capacity, and the effectiveness of money laundering investigations, prosecutions, and asset recovery measures…

US Senate Banking Committee advances the bipartisan Digital Asset Market Clarity Act of 2025 in a 15–9 vote to establish clearer crypto market rules, strengthen safeguards, and curb illicit activity

May 14, 2026

After nearly a year of good-faith bipartisan negotiations, Senate Banking Committee Republicans and Democrats came together today to advance a comprehensive market structure bill that will establish America as the crypto capital of the world. The bill advanced out of committee today by a vote of 15-9 and now moves to the Senate floor…

FCA’s Chief Executive warns that AI-driven criminal activity is turning FC into a national security threat, accelerating the push for technology-driven enforcement and greater intelligence sharing

May 14, 2026

At the FCA Financial Crime Conference, Nikhil Rathi signalled a major shift in the FCA’s approach to FC, warning that AI-enabled, globally connected criminal networks are increasingly blending fraud, cybercrime, money laundering, sanctions evasion, and hostile-state activity at industrial scale, turning financial crime into a national security issue. The speech highlighted the FCA’s growing focus on intelligence-led supervision, AI-driven analytics, advanced surveillance tools, expanded public-private information sharing, and deeper international coordination…

AMLA launches public hearings to consult on 3 draft ITS to strengthen cooperation between FIUs, AMLA, and the EPPO through standardised SAR reporting and enhanced cross-border information-sharing

May 13, 2026

The proposals introduce standardised, machine-readable reporting templates for suspected crimes affecting the EU’s financial interests and new structured templates for FIU-to-FIU exchanges via FIU.net, with the aim of improving the speed, consistency, and effectiveness of cross-border AML/CFT investigations and enforcement across the EU…

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