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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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CFATF Follow-Up Report on the BVI shows it is ‘Compliant’ or ‘Largely Compliant’ on all 40 FATF Recs, marking major progress in AML/CFT, BO transparency, and financial supervision

January 21, 2026

The Second Enhanced Follow-Up Report acknowledges substantial reforms to the British Virgin Islands ‘ AML/CFT/CPF regime, leading to upgraded technical compliance ratings on multiple FATF Recommendations. While this technical progress positions the territory as compliant with all 40 FATF standards, the jurisdiction remains under enhanced follow-up due to outstanding work on effectiveness outcomes and will continue reporting on further implementation…

CFATF’s Follow-Up Report finds Suriname has bolstered AML/CFT laws and risk assessments but remains under enhanced scrutiny for persistent financial crime vulnerabilities

January 21, 2026

The third enhanced follow-up report assesses Suriname’s implementation of the FATF 40 Recommendations, documenting legislative and policy reforms that have led to multiple technical compliance re-ratings from Partially Compliant/Non-Compliant toward Compliant or Largely Compliant. While progress is significant in many areas of the AML/CFT regime, certain gaps remain (such as full risk coverage of new technologies and detailed understanding of some sectors), and Suriname continues to be monitored through the enhanced follow-up process until remaining deficiencies are addressed…

MONEYVAL’s 1st Enhanced Follow‑up Report on Azerbaijan finds progress in AML/CFT reforms and FATF compliance, but the country remains under enhanced monitoring to address ongoing FC risks

January 21, 2026

MONEYVAL concludes that Azerbaijan has made meaningful improvements to its AML/CFT preventive measures, including enhancements to customer due diligence, supervision, and risk understanding across obliged sectors. It nonetheless calls for continued efforts to ensure these reforms translate into consistent, effective implementation and stronger outcomes in practice…

UK Treasury Committee’s ‘AI in Financial Services’ Report warns AI is outpacing regulation, putting consumers and markets at risk and calling for clearer rules, stress testing and stronger oversight of tech providers

January 20, 2026

The report highlights concerns around opaque decision-making, fraud, cybersecurity, market concentration and heavy reliance on major tech and cloud providers, concludes that regulators have been overly reactive, and calls on the FCA, Bank of England and HM Treasury to issue clear AI guidance, introduce AI-specific stress testing and strengthen oversight of critical third-party providers to ensure innovation does not undermine trust or stability in the financial system…

EC proposes a new cybersecurity package to bolster EU’s digital resilience, enhancing security-by-design standards, streamlining certification, and strengthening ENISA’s role amid growing cyber threats

January 20, 2026

The Commission’s cybersecurity proposal includes a revised Cybersecurity Act and related measures to improve the protection of information and communication technology (ICT) products and services, address risks from high-risk suppliers and make cyber-security certification more effective and accessible. It also aims to simplify compliance, bolster cooperation and information-sharing across the EU, and empower the EU Agency for Cybersecurity (ENISA) to support national authorities and stakeholders in preventing and responding to cyber incidents…

LSRA’s Gibraltar ‘Risk Scoring Policy’ introduces a refined risk-based methodology, clearer supervisory guidance, and stronger alignment with AML/CFT/CPF standards to better detect and mitigate FC risks

January 20, 2026

The policy explains how the LSRA applies a risk‑based approach—combining assessments of technical compliance (quality of policies, procedures, client due diligence, SARs, etc.), effectiveness in preventing financial crime and sanctions evasion, and materiality (the likelihood and impact of failures)—to assign an overall risk score to each firm. These risk scores help the LSRA categorize firms by risk level and determine appropriate supervisory actions, ensuring targeted oversight of legal practices engaged in relevant financial activities…

CoLP’s Report Fraud launch marks the UK’s shift from passive reporting to real-time, intelligence-led action, linking cases, detecting patterns, and tackling large-scale, cyber-enabled, and cross-border fraud

January 20, 2026

The platform provides a single, streamlined gateway for victims and businesses to report incidents, enables real-time intelligence sharing and triage across law enforcement and industry, and aims to identify serious and complex cases more quickly while ensuring consistent victim support. With fraud now accounting for around half of all crime and costing the UK billions annually, Report Fraud is designed to strengthen collaboration, disrupt criminal networks faster, and better protect the public and the economy…

EBA completes the handover of AML/CFT mandates to AMLA, establishing it as the EU’s central authority to harmonise supervision, strengthen cross-border coordination, and combat FC

January 19, 2026

As of 1 January 2026, all anti-money-laundering and counter-terrorist-financing mandates previously held by the EBA have been formally handed over to the newly established AMLA, concluding EBA’s stand-alone AML/CFT role and marking a key milestone in the EU’s AML/CFT reform package. AMLA inherits EBA tools and expertise — including the EuReCa database, supervisory insights and risk assessments — and will drive completion of the Single Rulebook, promote supervisory convergence and coordinate Financial Intelligence Units, while EBA continues to address ML/TF risks within its prudential remit…

Companies House delays presenter-related reforms until no earlier than November 2026 to prioritise completing identity verification under the Economic Crime and Corporate Transparency Act

January 16, 2026

The latest update to the transition plan confirms that Companies House will postpone the planned Spring 2026 introduction of presenter measures so it can focus on delivering identity verification for directors and people with significant control and respond to stakeholder feedback. The revised timetable reflects a sequencing decision within the Economic Crime and Corporate Transparency Act reforms to ensure core verification and data-quality changes are embedded before further filing and enforcement measures are introduced…

Europol leads the largest-ever synthetic drug crackdown, dismantling 24 industrial labs, seizing 1,000 tonnes of chemical precursors, and arresting 85+ suspects, striking a huge blow to organised crime

January 16, 2026

Conducted under Operation Fabryka, the crackdown led to the seizure of around 1,000 tonnes of chemical precursors—enough to make an estimated 300 tonnes of finished drugs—and the arrest of over 85 suspects across Poland, Spain, Belgium, the Netherlands, Germany, and the Czech Republic, delivering a major blow to organised crime and disrupting the production, supply, and illegal profits of the synthetic drug trade in Europe…

MONEYVAL finds that Slovakia has significantly strengthened its framework to combat money laundering and terrorist financing through sustained legislative and institutional reforms

January 15, 2026

MONEYVAL concludes that Slovakia has made substantial progress in addressing previously identified AML/CFT deficiencies, including improvements to supervision, risk understanding, and the application of targeted financial sanctions. It nevertheless encourages continued focus on ensuring the effectiveness and consistent implementation of these reforms, particularly in practice across all relevant sectors.

MONEYVAL finds that Montenegro has significantly strengthened its measures to combat money laundering and terrorist financing following substantial reforms

January 15, 2026

MONEYVAL concludes that Montenegro has made strong progress in upgrading its AML/CFT framework, including improvements to legislation, institutional coordination and the effectiveness of targeted financial sanctions. As a result of these advances, MONEYVAL recognises that the country has addressed many previously identified deficiencies, while encouraging continued efforts to ensure reforms are fully implemented and sustained in practice.

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