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

Home Office report on the operation of the Investigatory Powers Act 2016

February 9, 2023

Home Office has published a report on the Investigatory Powers Act 2016 (IPA 2016), which discusses the findings of an internal review that was conducted into the operation of the IPA 2016 to determine whether it remains fit for purpose…

IIF/Wolfsberg Group EBA De-Risking Letter

February 8, 2023

The joint comments highlight, inter alia, the importance of alignment with the FATF definition of ‘de-risking’ and that financial institutions should have the ability to apply a risk based approach to non for profit organisations (NPOs) in line with FATF Recommendation 8…

TI-UK insights from the UK’s register of overseas entities

February 7, 2023

The research details how almost 52,000 UK properties are still owned anonymously despite a new transparency law designed to reveal their true owners. a new database of the real owners of offshore firms that hold UK property, shows almost half of the companies required…

Economic Crime and Corporate Transparency Bill HL Bill 96 of 2022–23

February 2, 2023

The Bill will reform the powers of Companies House so that it has a bigger role in ensuring corporate transparency and guarding against economic crime, including strengthened information requirements for companies, including identity verification. It will improve…

FATF Annual Report 2021-2022

January 30, 2023

FATF publishes Annual Report 2021-2022 which sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency on Beneficial ownership, Digital transformation, Migrant smuggling, New and update guidance, Mutual evaluations…

FCA on Cryptoasset AML/CTF regime: feedback on good and poor quality applications

January 25, 2023

The FCA published detailed feedback for crypto firms on good and poor quality applications under its AML/CTF regime for crypto. This feedback should help applicants when they prepare their application for registration and help make…

FCA commences criminal proceedings for insider dealing and money laundering

January 25, 2023

The FCA has commenced criminal proceedings against five individuals, alleging that they conspired to commit offences of insider dealing between December 2019 and March 2021. In addition to insider dealing, the five individuals are charged with money laundering offences…

MONEYVAL Fifth Round Mutual Evaluation Report on Estonia

January 25, 2023

MONEYVAL urges Estonia to further strengthen measures to combat money laundering and the financing of terrorism, among others by reinforcing the private sector’s capacities and performance as well as improving its law enforcement efforts in this field…

 

OCCRP: What’s a Proxy? Using Relatives, Shell Companies, and Other Stand-Ins to Hide Illicit Wealth

January 24, 2023

OCCRP published a FAQ highlighting that proxies are people that form a crucial part of a sophisticated secrecy industry that undermines the global financial system by letting dirty money flow undetected, unchecked, and uninterrupted around the world…

UK Govt confirms ‘Failure to prevent Fraud’ offence to be added to new UK Economic Crime Bill

January 24, 2023

The UK Government confirms ‘Failure to prevent Fraud’ offence will be added to new UK Economic Crime Bill. The measure will aim principally at professionals such as lawyers, accountants and other intermediaries that do not have reasonable measures in place…

NCA publishes the Suspicious Activity Report (SARs) Annual Report 2022

January 24, 2023

The report shows another record set in the last financial year with 901,255 SARs received and processed – a 21% increase on the previous year. £305.7M denied to suspected criminals as a result of Defence Against Money Laundering (DAML) requests – a 120.6% increase…

Home Office announces crackdown against organised criminal gangs

January 24, 2023

The Police will adopt new ‘Clear, Hold, Build’ tactic, as Home Secretary launches Consultation on new offences to frustrate criminal enterprises. The Consultation will also look at strengthening serious crime prevention orders to make it easier for police and other law…

No results found.