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

UAE FIU’s 2024 Annual Report highlights its pivotal role in AML/CFT efforts, through improved financial intelligence, STR/SAR analysis, inter-agency coordination, and legislative support

September 10, 2025
The report also highlights major thematic studies on Trade-Based Money Laundering, fraud, and the misuse of corporate structures, alongside a significant rise in fraud-related STRs and improved international cooperation…

FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

September 8, 2025

This measure replaces the earlier $200 threshold, introduces an extended compliance provision for newly covered MSBs until October 10, 2025, and strengthens law enforcement’s ability to cut off access to the U.S. financial system by drug cartels and other illicit actors…

Wolfsberg Group issues ‘Guidance on the provision of banking services to fiat-backed stablecoin issuers’ to help FIs manage financial crime risks associated with these services

September 8, 2025

It emphasizes applying established risk management principles and assessing issuers’ controls and compliance. The guidance addresses unique challenges such as reserve verification and on-chain behavior monitoring, offering a balanced approach to innovation and robust financial crime controls…

OECD revises BEPS Action 5 transparency framework to enhance tax ruling exchanges, update peer review processes, and introduce a new XML schema for implementation from 2027

September 8, 2025

The report on the BEPS Action 5 transparency framework sets out revisions to strengthen the spontaneous exchange of information on tax rulings, including updated terms of reference effective from the 2025 review cycle and a revised peer review methodology to be applied from 2026. It also introduces a revised Exchange on Tax Rulings (ETR) XML Schema and User Guide, which will apply to all exchanges from 1 January 2027.

HMT’s consultation paper, ‘A Streamlined Approach to Payment Systems Regulation’, proposes to fully integrate PSR’s functions into the FCA to enhance regulatory efficiency – seeking feedback by 20 Oct 25

September 8, 2025

This consolidation, announced in March 2025 as part of the Regulatory Action Plan, would transfer the PSR’s responsibilities to the FCA, including promoting competition and innovation in payment systems, overseeing the services they provide, and safeguarding the interests of consumers and businesses…

Netherlands FIOD develops an AI-powered chatbot to assist financial crime investigators in efficiently processing large volumes of data and interpreting relevant laws and regulations

September 6, 2025

According to FIOD’s 2024 annual report, the chatbot aids in investigative procedures by answering procedural questions, interpreting laws and regulations, and referencing pertinent case law. Additionally, FIOD is exploring other AI applications, such as tools to analyze extensive communication data from seized devices, identifying connections that might be overlooked in manual analyses…

Swiss FINMA’s ‘Guidance on Disclosure of Crypto-Based Assets’ clarifies that banks must report them as custody assets, and not fiduciary transactions in their annual financial statements

September 5, 2025

FINMA publishes an oversight communication clarifying the disclosure of crypto-based assets in banks’ annual financial statements under its Guidance 03/2025. It confirms that previous disclosure obligations remain in force, allows banks pragmatic flexibility in presentation, and removes the requirement to report fiduciary-held cryptocurrencies in supervisory reporting while continuing to collect data via a dedicated EHP survey…

FinCEN new Guidance encourages voluntary cross-border information sharing among FIs to better combat ML/TF, and fraud, while clarifying that SARs cannot be shared

September 5, 2025

The guidance clarifies that while SARs and related disclosures remain prohibited under the Bank Secrecy Act, institutions may share underlying transaction records, customer data, and other non-SAR information to strengthen detection of illicit finance. It also emphasises that such cross-border sharing is voluntary and creates no new regulatory obligations…

FATF’s President Elisa de Anda puts Shell Companies on notice: reform or face FATF scrutiny

September 5, 2025

FATF has urged governments to strengthen transparency around shell companies, warning that continued opacity may lead to international censure. FATF President Elisa de Anda Madrazo described anonymous legal entities as the “getaway car” for money laundering and sanctions evasion, highlighting their role in concealing illicit financial flows. Her remarks coincide with the launch of FATF’s latest round of mutual evaluations, which will place greater scrutiny on national systems for identifying and verifying beneficial ownership…

TRACFIN’s (France FIU) 2024 Annual Report highlights 3,998 intelligence reports shared with partners and 59 consolidated alerts issued on 12,079 entities, demonstrating a robust effort to combat ML/TF

September 5, 2025

The agency transmitted 3,998 intelligence reports to its partners, marking a 9.6% increase from the previous year. Additionally, Tracfin issued 59 consolidated alerts targeting 12,079 entities, up from 25 alerts on 5,053 entities in 2023. These efforts align with Tracfin’s core missions: combating money laundering from criminal sources, identifying threats to public finances, and countering terrorist financing…

UK-UAE issue joint statement after bilateral meeting, reaffirming their partnership and strengthening cooperation to combat illicit finance, including ML, fraud and other FC

September 4, 2025

The discussions aimed to deepen collaboration on strategic priorities, enhance bilateral dialogue, and facilitate the exchange of best practices and information across regulatory, supervisory, law enforcement, and judicial domains. Minister Dan Jarvis emphasized the importance of cross-border cooperation in tackling illicit finance, stating that the engagement with the UAE marks a significant step in joint efforts…

HMT consults on draft 2025 ML/TF Regulations, proposing enhanced CDD, revised pooled a/c, trust rules, and cryptoasset oversight, with feedback by 30 Sept 25

September 2, 2025

The draft regulations clarify requirements for pooled client accounts, trust registration, and customer due diligence, aiming to make compliance more practical for firms while maintaining robust protections against financial crime. Stakeholders are invited to provide feedback by 30 September 2025 to ensure the final instrument effectively addresses operational challenges and evolving AML/CTF risks…

No results found.