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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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FATF, Egmont Group, INTERPOL, and UNODC launch Handbook on ‘International Cooperation against ML’, providing essential tools to help countries speed up detection, investigation, and prosecution

September 15, 2025

Using survey input from 106 jurisdictions, it identifies legal, operational, and technological obstacles—differences in legal systems, resource constraints, varying powers of authorities, and delays in mutual legal assistance—and proposes best practices such as standardisation of requests, feedback loops, domestic coordination, leveraging digital tools, and joint analysis/investigations…

SWIFT with 13 global banks develop AI-powered tools to share fraud intelligence securely across borders, doubling real-time detection and providing a blueprint for global FC prevention

September 15, 2025

The trials, involving over 10 million test transactions, demonstrated the effectiveness of privacy-enhancing technologies (PETs) in facilitating secure data sharing among institutions. In one use case, the PETs enabled participants to verify intelligence on suspicious accounts in real-time, a development which could speed up the time taken to identify complex international financial crime networks and avoid fraudulent…

OFSI provides guidance to UK persons and entities that are required to report frozen assets of designated individuals by 30 September 2025

September 11, 2025

The notice aims to ensure comprehensive visibility of assets subject to UK financial sanctions, strengthening oversight and enforcement of restrictive measures. It also reinforces ongoing obligations to freeze, not deal with, and promptly report designated persons’ funds or economic resources to safeguard the integrity of the sanctions regime.

Eurojust’s report on Cumulative prosecutions of foreign terrorist fighters (FTFs) urges states to charge both terrorism and core international crimes together to ensure full accountability and justice

September 11, 2025

The report highlights the role of networks and joint investigation teams in strengthening cross-border cooperation, evidence collection, and victim protection. It also underscores the legal and practical advantages of cumulative charges, while acknowledging the challenges of capacity, coordination, and expertise across jurisdictions…

Home Office’s Asset Recovery Statistics 2020–2025 show £284.5M recovered in 2025, driven by higher confiscation and forfeiture orders, record victim compensation, and £160.3M allocated for law enforcement

September 11, 2025

The report aims to provide transparency on the performance of the UK’s asset recovery regime, covering confiscation, forfeiture, civil recovery, and asset denial activities across law enforcement and prosecuting agencies. It highlights significant year-on-year increases in confiscation receipts, victim compensation, and ARIS funding allocations, alongside a decline in restraint and seizure values…

FCA Executive Director Steve Smart outlines new FC measures at 1LoD Financial Crime Summit, including an AML Synthetic Data sprint, NCA collaboration, action on rogue ‘finfluencers,’ and a RBA

September 11, 2025

In his speech at the Financial Crime Forum in London, Steve Smart emphasized a proactive, system-wide approach to combating financial crime through stronger enforcement, enhanced detection, and technological innovation. He highlighted the importance of cross-sector collaboration, public-private partnerships, and regulatory measures such as mandatory reimbursement for APP scams to strengthen the UK’s financial crime resilience…

NCA dismantles a drug smuggling ring which attenpted to import 600 kg of cocaine and cannabis using a yacht involved in a transatlantic sailing race – leading to multiple convictions and long prison terms

September 10, 2025

The NCA secured convictions against members of a crime group who conspired to smuggle 600 kilograms of cocaine and cannabis into the UK using a yacht participating in a transatlantic race. The investigation, part of Operation Venetic, uncovered encrypted communications that exposed the trafficking plots and resulted in substantial prison sentences for those involved.

UAE FIU’s 2024 Annual Report highlights its pivotal role in AML/CFT efforts, through improved financial intelligence, STR/SAR analysis, inter-agency coordination, and legislative support

September 10, 2025
The report also highlights major thematic studies on Trade-Based Money Laundering, fraud, and the misuse of corporate structures, alongside a significant rise in fraud-related STRs and improved international cooperation…

FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

September 8, 2025

This measure replaces the earlier $200 threshold, introduces an extended compliance provision for newly covered MSBs until October 10, 2025, and strengthens law enforcement’s ability to cut off access to the U.S. financial system by drug cartels and other illicit actors…

Wolfsberg Group issues ‘Guidance on the provision of banking services to fiat-backed stablecoin issuers’ to help FIs manage financial crime risks associated with these services

September 8, 2025

It emphasizes applying established risk management principles and assessing issuers’ controls and compliance. The guidance addresses unique challenges such as reserve verification and on-chain behavior monitoring, offering a balanced approach to innovation and robust financial crime controls…

OECD revises BEPS Action 5 transparency framework to enhance tax ruling exchanges, update peer review processes, and introduce a new XML schema for implementation from 2027

September 8, 2025

The report on the BEPS Action 5 transparency framework sets out revisions to strengthen the spontaneous exchange of information on tax rulings, including updated terms of reference effective from the 2025 review cycle and a revised peer review methodology to be applied from 2026. It also introduces a revised Exchange on Tax Rulings (ETR) XML Schema and User Guide, which will apply to all exchanges from 1 January 2027.

HMT’s consultation paper, ‘A Streamlined Approach to Payment Systems Regulation’, proposes to fully integrate PSR’s functions into the FCA to enhance regulatory efficiency – seeking feedback by 20 Oct 25

September 8, 2025

This consolidation, announced in March 2025 as part of the Regulatory Action Plan, would transfer the PSR’s responsibilities to the FCA, including promoting competition and innovation in payment systems, overseeing the services they provide, and safeguarding the interests of consumers and businesses…

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