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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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EBA classifies Circle’s US dollar-backed stablecoin (USDC) as the EU’s first significant e-money token under MiCA, triggering enhanced supervision from Nov 2026

October 14, 2026

From 12 November, the EBA will directly supervise key prudential requirements, including reserves, liquidity and own funds, alongside France’s ACPR, which retains responsibility for governance and other areas. The designation places USDC under enhanced oversight reflecting its significance in the EU crypto-asset market. The EBA has also agreed information-sharing arrangements with the New York State Department of Financial Services…

EU signs an Additional Protocol to the Warsaw Convention to strengthen cross-border cooperation in tracing, freezing and confiscating criminal assets and combating ML

October 14, 2026

The agreement introduces enhanced provisions for asset management and cross-border police and judicial cooperation, addressing persistent difficulties in recovering criminal proceeds. With only 1% of criminal assets currently recovered across the EU, the Protocol aims to improve authorities’ ability to trace, seize and confiscate illicit wealth once it enters into force…

FSB consults on 8 high-level principles to modernise financial regulation and supervision, focusing on material risks, proportionality and accountability – feedback by 8 Jan 2027

October 14, 2026

The proposals focus on risk-based oversight, regulatory efficiency and adapting frameworks to emerging technologies and vulnerabilities. An accompanying review finds that implementation challenges stem partly from national differences and, in some cases, how international standards are developed. Feedback is invited by 8 Jan 2027, with the final report expected in the first half of 2027…

Crowe, Cifas and the University of Portsmouth’s Annual Fraud Indicator 2026 report estimates UK fraud losses at £220bn a year, with procurement fraud accounting for the largest share

October 14, 2026

Crowe’s 2026 report estimates annual fraud losses of £220bn across the UK economy, including £168bn in the private sector and £49bn in the public sector. Private-sector procurement fraud accounts for an estimated £138bn, highlighting significant vulnerabilities in purchasing and supplier controls.
The report also incorporates new estimates for counterfeit goods, fraudulent food and drink, and online sales refund fraud. It highlights the need for stronger fraud prevention, improved loss measurement and cross-sector intelligence sharing, while cautioning that methodological changes limit…

FCA and NCA arrest three individuals in a joint operation targeting a suspected organised insider dealing and money laundering network

October 13, 2026

More than 100 officers and staff searched five properties across London and Manchester, seizing over 30 electronic devices as part of the investigation. The operation underscores the authorities’ focus on the intersection of market abuse, organised crime and illicit financial flows.

FCA secures guilty pleas from two financial services professionals who defrauded four clients of £2 million, including one who admitted laundering the proceeds

October 13, 2026

Kerry Nelson and Jacqueline Stephens admitted using false documents to deceive clients between 2019 and 2023 while working at financial advice firms. Nelson also admitted withdrawing company funds to finance personal spending, exposing serious abuses of client trust and weaknesses in financial oversight.

NCA coordinates international fraud crackdown, with nearly 30 arrests, 3.7 million online accounts removed and $11m in potentially recoverable funds identified

October 13, 2026

The operation brought together law enforcement agencies from 15 organisations and technology companies, including Meta, Microsoft and Google, to disrupt investment and impersonation scams originating in West Africa. Raids in Ghana and Nigeria also uncovered suspected scam centres and identified 117 potential trafficking victims, highlighting the links between online fraud and forced criminality…

OECD’s Policy brief examines how govts are investing in AI chips, data centres and public-private partnerships to expand computing capacity, improve access and strengthen infrastructure resilience

October 13, 2026

It highlights growing use of public funding, subsidies and public-private partnerships to expand domestic capacity and improve access for researchers and businesses. The OECD notes that high costs, rising demand and supply-chain vulnerabilities could constrain AI innovation and economic resilience.
It recommends assessing national needs and aligning investment with policy objectives, while considering international cooperation where domestic…

AUSTRAC convenes Pacific FIUs and AML/CTF supervisors to strengthen cross-border cooperation against money laundering, fraud and organised crime

October 12, 2026

The 2026 Pacific Financial Intelligence Community Plenary and Pacific Supervisors Forum brought together regional authorities in Sydney to address shared financial crime threats. Discussions focused on intelligence sharing, supervisory capability and practical cooperation between jurisdictions facing increasingly interconnected criminal networks.

EBA finalises Phase 1 of Reporting Framework 4.4, introducing IFRS 18 templates and revised ESG and AMLA reporting requirements ahead of wider simplification reforms in 2027

October 12, 2026

The package also includes updated templates for AMLA’s 2027 risk assessment data collection, alongside technical corrections to resolution planning and third-country branch liquidity reporting. The changes aim to support consistent reporting and reduce implementation difficulties for financial institutions.
Phase 2, expected in early 2027, will introduce wider reforms to simplify supervisory reporting and reduce unnecessary reporting burdens…

Luxembourg updates its National Risk Assessment of TF, broadening sector coverage and sharpening focus on small-scale funding, payment vulnerabilities, crypto-assets and AI-enabled fraud

October 12, 2026

It identifies lone actors, small cells and foreign terrorist fighters using modest amounts from legitimate sources as a key threat. Virtual IBANs, instant payments, e-money services and cross-border transactions present challenges for tracing funds and identifying suspicious activity. The report also examines vulnerabilities linked to stablecoins, self-hosted crypto wallets, unregulated crowdfunding and AI-generated forged identity documents…

Sayari’s blog calls on FIUs to shift from reactive monitoring to proactive screening to detect financial crime earlier

October 10, 2026

Sayari argues that reactive controls leave gaps, as institutions often identify suspects only after regulatory designations, indictments or adverse media reports. Proactive screening combines beneficial ownership data, corporate networks, regulatory alerts, adverse media and trade intelligence to detect sanctions evasion, dual-use goods trafficking and suspicious trade patterns earlier. The blog highlights a sanctions-evasion network distributing…

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