Log in/out

Our extensive knowledge at your fingertips

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.

Browse the resource database or make a sub-selection:

Menu

Latest editions

Search

U

EBA and ESMA launch a consultation to harmonise ‘fit-and-proper’ checks for senior bank and investment leaders, proposing clearer supervision, standardised suitability, and stronger AML safeguards – feedback by 25 May 2026

February 25, 2026

The proposed updates revise joint guidelines governing how institutions assess the suitability of management-body members and key function holders, reflecting legislative changes introduced under CRD VI and aiming to strengthen governance, competence and integrity standards across the EU financial sector. In parallel, the EBA consults on draft regulatory technical standards to harmonise the information large institutions must submit to supervisors during suitability assessments, supporting greater supervisory…

UNODC’s report on Waste Crime and Trafficking warns that organised networks are driving global pollution and illicit profits through illegal waste handling, transport, trade, fraud, corruption, and ML

February 25, 2026

These illicit activities generate significant profits through fraud, smuggling, and ML, while causing severe environmental and health impacts, including toxic pollution and undermining recycling efforts. The report emphasizes the transnational nature of waste trafficking, with high‑waste countries shipping materials to regions with lax oversight, and identifies key challenges such as data gaps, fragmented enforcement, and low penalties. UNODC calls for stronger legislation, cross‑border cooperation, enhanced financial investigations…

UK Home Office’s 2024‑25 UWO report shows 5 high-impact orders granted, including the SFO’s first – recovering nearly £24M in illicit assets and reinforcing UWOs as powerful tools against complex FC

February 25, 2026

The report states that two UWO applications were made to the High Court between May 2023 and May 2024, with one order granted during the period and another awaiting judicial decision, while an additional order from the previous reporting year was also approved. It emphasises that UWOs are designed for complex, high-value cases involving politically exposed persons or individuals linked to serious crime, and notes that authorities often rely on other asset-recovery tools, with £62.9 million recovered through civil recovery orders in 2023–2024…

GI‑TOC’s 2025 Global Organised Crime Index shows that despite Europe’s 6.28 resilience score, rising FC, cyber fraud, expanding drug markets, and human trafficking signal evolving organised‑crime threats

February 25, 2026

The analysis finds that Europe demonstrates comparatively strong resilience to organised crime due to relatively robust governance, law-enforcement capacity and regulatory frameworks, although criminal markets remain active and increasingly sophisticated across the region. It also highlights the growing role of transnational criminal networks and professional facilitators that exploit legitimate businesses, logistics systems and financial channels to transport illicit goods and launder criminal proceeds…

CBUAE and Core42 launch the world’s first sovereign financial cloud, an AI-powered, secure platform that keeps data local, boosts cybersecurity, and enables UAE banks to innovate and compete globally

February 25, 2026

The platform is designed to help UAE banks and financial institutions adopt digital innovation more efficiently, accelerate the delivery of modern financial services, and strengthen the country’s financial competitiveness and resilience in a rapidly evolving global market…

FINTRAC releases a dedicated video outlining key beneficial ownership requirements to assist reporting entities in complying with Canadian AML regulations

February 25, 2026
The video outlines the essential obligations for reporting entities to identify and verify the natural persons who ultimately own or control 25% or more of a corporation, trust, or other legal entity. It emphasizes that businesses must not only obtain this information—including names, addresses, and ownership structures—but also take “reasonable measures” to confirm its accuracy through official documents like articles of incorporation or the Corporations Canada registry…

RUSI’s paper on Privacy-Enhancing Technologies in Crypto explores how tools like zero-knowledge proofs and confidential stablecoins protect users while helping regulators in combating FC

February 25, 2026

The paper stresses that collaboration between regulators, law enforcement, and developers is essential to design effective PETs and improve oversight, and it flags that current legal processes, like Mutual Legal Assistance, are too slow for crypto’s rapid transactions. Overall, it offers actionable guidance for policymakers, law enforcement, and industry to navigate privacy, innovation, and compliance in crypto…

AMLA welcomes the Council of the EU’s decision to appoint Ms Hennie Verbeek‑Kusters, Head of the Dutch FIU and former Chair of the Egmont Group, as its 5th Executive Board Member

February 24, 2026

Ms Verbeek‑Kusters joins AMLA with deep and long-standing expertise in financial intelligence. She has led the FIU- the Netherlands since 2008 and has twice served as Chair of the Egmont Group of Financial Intelligence Units, contributing significantly to international cooperation in the fight against money laundering and terrorist financing…

FATF’s Feb 2026 Plenary Outcomes raise the global AML/CFT bar, adding Kuwait and Papua New Guinea to the grey list, updating Iran on the black list, and targeting cyber-enabled fraud and virtual asset risks

February 23, 2026

The FATF Plenary addresses global illicit finance threats, adopting mutual evaluation reports for Austria, Italy, and Singapore, approving new guidance on cyber-enabled fraud and emerging virtual asset risks, and adding Kuwait and Papua New Guinea to its “grey list” of jurisdictions under increased monitoring. It also appoints UK’s Giles Thomson as FATF President (2026–28) and maintained Russia’s membership suspension, signaling continued vigilance…

FATF’s new paper on Cyber-Enabled Fraud warns rising cyber fraud is driving illicit fund flows worldwide, urging stronger AML/CFT tools, tighter crypto and BO controls, and coordinated action

February 23, 2026

The paper examines how fraudsters exploit phishing, AI-enabled deepfakes, messaging apps, and virtual assets to move illicit funds across borders and emphasizes leveraging AML/CFT tools to prevent and recover stolen funds. Key measures include payment transparency, asset recovery, regulation of virtual assets, beneficial ownership transparency, advanced analytics, and cross-border cooperation. FATF stresses international collaboration, rapid information sharing, and adaptive responses to emerging threats like scam centres, proliferation…

CBUAE issues guidance on responsible AI in financial services, urging banks to enhance governance, transparency, and human oversight to safeguard consumers while fostering innovation

February 23, 2026

The guidance aims to protect consumers from potential harms such as bias, unfair outcomes, or misuse of data, while ensuring institutions remain accountable for AI-driven decisions and continue to support innovation in the UAE’s financial sector…

FATF’s 2024–25 Annual Report highlights a bold push against financial crime, spotlighting tighter virtual asset controls, risk-based measures, sanctions guidance, and public-private collaboration

February 22, 2026

The report emphasises evolving threat areas such as online child sexual exploitation, terrorist financing, and proliferation financing, urging stronger implementation of standards and cooperation. It also stresses the importance of financial intelligence and private‑sector controls, showcasing operational partnerships to disrupt crime, while noting progress in jurisdictions exiting the FATF Grey List and identifying persistent gaps that need targeted technical assistance and collaboration…

No results found.