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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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UK publishes a Strategy to transform its retail payments infrastructure, enhancing innovation, interoperability, security, competition, and resilience through upgrades governance reforms

November 7, 2025

It sets out both short-term improvements, such as enhancements to the Faster Payments System, and longer-term infrastructure transformation to support next-generation technologies like tokenised deposits and account-to-account payments, while proposing governance reforms—including a new Retail Payments Infrastructure Board and an industry-led delivery company—to enable agile, collaborative delivery of the payments roadmap…

UNODC’s 2025 Afghanistan Opium Survey shows opium production down 32% but warns rising meth and economic hardship may push farmers back to illicit crops

November 6, 2025

The survey finds opium cultivation down by about one-fifth to 10,200 hectares and production falling by roughly one-third to 296 tons, reflecting continued market contraction since the 2022 ban. It warns, however, that criminal networks may be diversifying into methamphetamine and other synthetic drugs, posing new regional and global trafficking risks…

HMT’s consultation on AML/CTF Supervision Reform proposes shifting oversight to the FCA to create a stronger, unified regime for tougher, more consistent action against FC

November 6, 2025

The consultation sets out four potential models for reforming the UK’s anti-money laundering and counter-terrorist financing supervisory regime — including expanded powers for the Office for Professional Body AML Supervision (OPBAS), consolidation of professional-body supervisors, a single professional-services supervisor, or a single public AML supervisor. It also seeks stakeholder input on strengthening…

SRA publishes a thematic review examining law firms’ compliance with MLR 2017 source of funds and wealth requirements, revealing major gaps in document scrutiny, audit trails, and risk-based checks

November 5, 2025

The thematic review reveals that 11% of reviewed legal matter files lacked any source-of-funds checks and 18% showed inadequate scrutiny, including 8% where evidence did not match ledger entries. It identifies challenges around guidance clarity, resource constraints, client and fee-earner reluctance, and underscores the expectation that firms must document risk-based decisions and maintain a clear audit trail of their controls…

Europol and UEFA renew and expand their MoU to strengthen the fight against organised crime in European football, tackling match-fixing, ML, corruption, racism and illegal streaming

November 5, 2025

The renewed Memorandum of Understanding broadens existing joint work on match-fixing to cover wider criminal threats linked to football, including sports corruption, suspicious financial flows around transfers and club investments, betting-related offences, violent extremism and piracy of audiovisual content. Europol will provide intelligence, expertise and operational support to UEFA and its 55 member associations…

NCA’s UKFIU SARs Booklet Nov 25 shows how high-quality SARs and DAMLs helped law enforcement seize millions, including £2M from organised crime, £1.2M from money-mule activity, and £850K from fraud

November 5, 2025

Case studies illustrate how timely and detailed DAML SARs have directly supported account freezing orders and asset forfeiture actions across multiple money-laundering and fraud investigations. They highlight recurring typologies — such as unexplained international transfers, excessive cash deposits, layering through linked companies, and suspected money-mule activity — and demonstrate how robust reporting enables law enforcement to trace, restrain and recover criminal proceeds…

MAS’s Financial Stability Review 2025 flags rising cyber, AI-driven, and cross-border financial-crime risks, urging stronger governance and tougher system resilience across FIs

November 5, 2025

The review highlights growing risks from technology-enabled threats—particularly cyberattacks, data breaches, and the misuse of advanced technologies such as AI—while emphasising that strong governance, resilient systems, and enhanced supervisory oversight are essential to prevent exploitation of the financial system. It also flags concerns around cross-border illicit flows, fraud, and vulnerabilities arising…

Europol, with Eurojust, leads a cross-border crackdown on 3 major credit card fraud networks, targeting 4.3M cardholders and €300M in losses, resulting in 18 arrests and major asset seizures

November 5, 2025

Between 2016 and 2021, the criminals used the stolen card data to create about 19 million fake online subscriptions (for pornography, dating, and streaming sites), deliberately keeping charges low (~€50/month) and using vague transaction descriptions to avoid detection. Five executives from four German payment‑service providers allegedly colluded with the fraudsters, while shell companies in the UK and Cyprus…

Companies House’s 2024-25 Annual Report highlights major progress in gatekeeping, better data integrity, stronger enforcement, and upgraded digital services under new economic crime powers

November 4, 2025

The report details delivery of new powers under the Economic Crime and Corporate Transparency Act, expanded identity verification, and enhanced data quality measures to improve register integrity. It also notes rising enforcement referrals, significant digital transformation, and continued efficiency gains as Companies House positions itself as a proactive gatekeeper against corporate misuse…

FATF publishes its 2025 Asset Recovery Guidance and Best Practices, providing strategies/case studies to strengthen the tracing, freezing, and confiscation of criminal assets while protecting victims rights

November 4, 2025

It covers the full asset recovery lifecycle from investigation to management and return of assets emphasizing specialized units, inter-agency coordination, access to beneficial ownership data, and robust international cooperation through formal and informal channels. The guidance balances effective recovery with due process, proportionality, and protection of third-party rights, while promoting the use of recovered assets to compensate victims or benefit communities…

FINTRAC and GRI’s FIFAI II forum brought together Canadian financial leaders to tackle how AI is revolutionising financial crime detection, data integrity, talent, and regulatory compliance

November 3, 2025

The interim report summarises key discussions from the October 1, 2025 session co-hosted by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and GRI, which explored emerging risks such as AI-enhanced fraud, data manipulation, proliferation of threat-actor capabilities, and regulatory gaps in Canada’s financial-crime ecosystem. It also outlines strategic opportunities identified…

FINTRAC’s P2P Information Sharing guidance allows reporting entities to share personal data without consent under an approved code of practice to enhance ML/TF and sanctions-evasion detection 

November 3, 2025

This information sharing is governed by an approved code of practice, submitted to FINTRAC and the Privacy Commissioner, which sets out the types of data that can be shared, secure methods for transmission, and safeguards including access controls, encryption, breach response, and data retention policies. Exchanges can only occur between entities within the same approved code, which must be renewed or updated at least every five years, enabling organizations to gain a fuller picture of client activity and more effectively identify suspicious behaviour…

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