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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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Singapore Police Force investigates 208 suspects, including money mules, involved in 650+ scams that laundered over SGD 8.2 million in illicit funds

October 9, 2025

These suspects—aged 15 to 77—are believed to have facilitated over 650 scam cases, enabling the laundering of illicit funds linked to e-commerce, job, investment, and impersonation scams, which defrauded victims of more than SGD 8.2 million. The police warned that allowing others to use one’s bank accounts or mobile…

Europol coordinates operations in Belgium, Italy, and Spain that dismantle a network responsible for stealing over 100 luxury hybrid cars and seizing forged documents, tools, cash, and cryptocurrencies

October 7, 2025

The investigation revealed a highly organised network using advanced technology to bypass vehicle security systems and forge ownership documents for resale. The coordinated action led to multiple arrests, asset seizures, and the disruption of a transnational criminal enterprise operating across several EU member states.

ESMA will hold its first Data Day on 2 Dec 2025 to show how smarter data use and digitalisation can simplify the regulatory framework, reduce reporting burdens – registration open until 20 Oct

October 7, 2025

This hybrid event aims to explore how intelligent data usage and digitalisation can streamline regulatory frameworks and alleviate reporting burdens without compromising oversight standards. The agenda includes discussions on simplifying compliance, reassessing regulatory requirements, leveraging technology for efficient data management, and examining future trends in data governance…

US FDIC and OCC propose a rule prohibiting supervisory actions based on reputation risk, ensuring institutions are not penalized for lawful activities or views – feedback by 6 Dec 2025

October 7, 2025

The proposed rule would prohibit these agencies from criticizing or taking adverse action against financial institutions based on reputation risk, and from instructing or encouraging institutions to close accounts or modify relationships due to a person or entity’s political, social, cultural, or religious views, or lawful business activities perceived as presenting reputation risk…

CoLP and Action Fraud warn of rising payment diversion fraud, where criminals pose as solicitors or estate agents to intercept property funds, reporting 143 cases and £11.7M in losses Apr 24 – Mar 25

October 7, 2025

The majority of these cases involved residential property transactions, with an average loss of £78,393 per case. Victims were predominantly individuals aged 30 to 49, and the fraud was reported across the UK, with higher volumes in London, Greater Manchester, West Yorkshire, Sussex, and Essex. The police urge anyone involved in property transactions to verify payment requests directly with trusted contacts…

EC’s publication on de-prioritising Level 2 acts in financial services legislation aims to reduce regulatory complexity and compliance costs, postponing non-essential acts until 1 Oct 2027

October 6, 2025

The delay reduces immediate regulatory burden but may slow the introduction of detailed AML/CFT guidance, requiring firms to rely on existing frameworks. It also allows financial institutions to focus resources on high-priority obligations while preparing for future Level 2 measures…

HMT publishes the G7 Cyber Expert Group’s AI and Cybersecurity Statement which urges jurisdictions to track AI developments, foster collaboration, and proactively tackle emerging cyber risks

October 6, 2025

While AI enhances resilience through advanced anomaly detection, fraud prevention, and predictive maintenance, it also introduces risks such as AI-driven phishing and automated exploit development. The Group urges jurisdictions to monitor AI developments, foster public-private-academic collaboration, and proactively address emerging cybersecurity challenges. This statement serves as a call to action for…

Europol’s Operation OPSON XIV seize €95M in counterfeit food and beverages, dismantle 74 illicit factories, and expose the ongoing global threat of food fraud

October 6, 2025

Europol’s Operation OPSON XIV, alongside INTERPOL and national authorities, seized €95 million in counterfeit and substandard food and beverages, dismantled 74 illicit factories, referred 631 individuals to judicial authorities, and exposed the persistent global threat of food fraud to public health.

FCA convicts an individual for running a £1.3M Ponzi scheme through the fraudulent Imperial Investment Fund, targeting 238 investors via Facebook with unrealistic returns

October 6, 2025

Operating from his Devon home, the perpetrator misled 238 investors by promising unrealistic returns of 1.4% daily, 7% weekly, or 350% annually, primarily through Facebook advertisements. Despite knowing the scheme was collapsing, he continued to recruit new investors…

ESAs warn that crypto-assets can be risky with limited legal protection, urging consumers to verify if providers are EU-authorised before investing, as highlighted in the supporting MiCA Factsheet

October 6, 2025

While the EU’s Markets in Crypto-Assets (MiCA) regulation now provides a harmonised framework for authorised issuers and service providers, many crypto-assets remain outside its scope, leaving consumers without key safeguards. The ESAs cautioned that providers operating under transitional arrangements may not yet offer MiCA-level protections and urged consumers to verify provider authorisation, understand the products they invest in, secure their wallets, and be wary of misleading promotions, especially on social media…

CoLP joins forces with public and private partners on World Romance Scam Prevention Day to combat romance fraud, which cost victims over £106M last year – £12,000 per hour

October 3, 2025

CoLP coordinated a national response to romance fraud, uniting public and private sector partners—including Bumble Inc, Ofcom, UK Finance, Barclays, and the Metropolitan Police—to address this emotionally and financially devastating crime. It emphasized the importance of collaboration in disrupting criminal networks and supporting victims. They also provided guidance on protecting oneself

UK Govt updates Guidance on Information Sharing measures in the ECCTA 2023, streamlining safe information sharing with stronger confidentiality, data protection, and compliance measures

October 3, 2025

The revised guidance clarifies that AML-regulated firms can directly or indirectly share customer information to prevent, detect, or investigate economic crime (as defined in ECCTA Schedule 11) without breaching confidentiality or incurring civil liability, while excluding privileged information or GDPR-protected data, and allows the Secretary of State to extend these sharing provisions to additional businesses…

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