Our extensive knowledge at your fingertips

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:

Latest editions

Search

FinCEN exchange brings together public and private sectors to discuss attempts by Russia to evade export controls

FinCEN and BIS co-hosted a virtual FinCEN Exchange addressing Russia’s attempts to evade export controls. The collaboration aims to enhance AML efforts and restrict Russia’s access to the international financial system…

UK ECJU publishes new guidance on strategic export controls

This guidance is for those who export or transfer in goods, software or technology (including data, information and technical assistance) which might be subject to strategic export controls. It explains what control lists are, as well as who they apply to and when…

EBA consults on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes

These ‘travel rule’ Guidelines specify the steps that Payment Service Providers (PSPs), Intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and Intermediary CASPs (ICASPs) should take to detect missing or incomplete information that accompanies a transfer of funds or crypto-assets.

AUSTRAC accepts enforceable undertaking from Gold Corporation

Following careful consideration of the audit findings, including the nature and seriousness of the non-compliance and Gold Corporation’s willingness to cooperate and proactively work to comply with its AML/CTF obligations, AUSTRAC has determined that an EU is the most appropriate regulatory response.

European Anti-Fraud Office (OLAF) uncovers €18 million of illicit cash flows across Europe in two weeks

The customs authorities discovered at least 64 cases of potential linkages with money laundering for around €3 million, and 20 cases of potential linkages with sanctions against Russia for its aggression against Ukraine for around €180,000. In addition, 34 cases of amounts…

GFI examines the nexus between illicit finance and transfer pricing in Uganda

Identifies and discusses the obstacles that hinder the successful implementation of transfer pricing rules in Uganda – a crucial step toward developing targeted solutions.

BCS interviews the FCA about their work in AI and the challenges associated with regulating technically evolving markets

As a regulator we need to understand the benefits and dangers relating to AI, and how to promote healthy competition while also preventing harm…

UN tax body to go ahead after EU, US and UK fail to defeat it

The international community will move forward with plans to establish a UN convention to set global rules on tax and illicit financial flows after a campaign led by the EU, United States and UK failed to kill off the plan…

Crypto regulation outlook: Why have new EU rules not brought us closer to mass adoption?

EU’s MiCA framework anticipates greater transparency, but challenges linger for wider crypto adoption…

FATF amends Rec. 8 – the imperative for an effective risk based approach for the NPO’s

The amendments require countries to periodically identify NPOs falling within the FATF definition and assess the terrorism financing risks they face, focusing on those with a “high risk” of abuse. NPOs play a crucial role globally and contribute to economies and social systems…

TI on ‘EU court ruling on beneficial ownership registers: One year on, need for harmonised approach is clear’

A year after the CJEU decision annulling AMLD5 provisions, journalists and civil society across the EU face restricted access to beneficial ownership information, hindering efforts to expose conflicts of interest and hidden assets…

FATF updates best practices on combating the abuse of NPOs

Rec. 8 does not apply to the entire not-for-profit sector, but only to the sub-set that falls within the FATF definition of an NPO.  Countries should identify organisations that fall within that definition, assess their risks of abuse for terrorist financing…