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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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UK Treasury Committee’s ‘AI in Financial Services’ Report warns AI is outpacing regulation, putting consumers and markets at risk and calling for clearer rules, stress testing and stronger oversight of tech providers

January 20, 2026

The report highlights concerns around opaque decision-making, fraud, cybersecurity, market concentration and heavy reliance on major tech and cloud providers, concludes that regulators have been overly reactive, and calls on the FCA, Bank of England and HM Treasury to issue clear AI guidance, introduce AI-specific stress testing and strengthen oversight of critical third-party providers to ensure innovation does not undermine trust or stability in the financial system…

EC proposes a new cybersecurity package to bolster EU’s digital resilience, enhancing security-by-design standards, streamlining certification, and strengthening ENISA’s role amid growing cyber threats

January 20, 2026

The Commission’s cybersecurity proposal includes a revised Cybersecurity Act and related measures to improve the protection of information and communication technology (ICT) products and services, address risks from high-risk suppliers and make cyber-security certification more effective and accessible. It also aims to simplify compliance, bolster cooperation and information-sharing across the EU, and empower the EU Agency for Cybersecurity (ENISA) to support national authorities and stakeholders in preventing and responding to cyber incidents…

LSRA’s Gibraltar ‘Risk Scoring Policy’ introduces a refined risk-based methodology, clearer supervisory guidance, and stronger alignment with AML/CFT/CPF standards to better detect and mitigate FC risks

January 20, 2026

The policy explains how the LSRA applies a risk‑based approach—combining assessments of technical compliance (quality of policies, procedures, client due diligence, SARs, etc.), effectiveness in preventing financial crime and sanctions evasion, and materiality (the likelihood and impact of failures)—to assign an overall risk score to each firm. These risk scores help the LSRA categorize firms by risk level and determine appropriate supervisory actions, ensuring targeted oversight of legal practices engaged in relevant financial activities…

CoLP’s Report Fraud launch marks the UK’s shift from passive reporting to real-time, intelligence-led action, linking cases, detecting patterns, and tackling large-scale, cyber-enabled, and cross-border fraud

January 20, 2026

The platform provides a single, streamlined gateway for victims and businesses to report incidents, enables real-time intelligence sharing and triage across law enforcement and industry, and aims to identify serious and complex cases more quickly while ensuring consistent victim support. With fraud now accounting for around half of all crime and costing the UK billions annually, Report Fraud is designed to strengthen collaboration, disrupt criminal networks faster, and better protect the public and the economy…

EBA completes the handover of AML/CFT mandates to AMLA, establishing it as the EU’s central authority to harmonise supervision, strengthen cross-border coordination, and combat FC

January 19, 2026

As of 1 January 2026, all anti-money-laundering and counter-terrorist-financing mandates previously held by the EBA have been formally handed over to the newly established AMLA, concluding EBA’s stand-alone AML/CFT role and marking a key milestone in the EU’s AML/CFT reform package. AMLA inherits EBA tools and expertise — including the EuReCa database, supervisory insights and risk assessments — and will drive completion of the Single Rulebook, promote supervisory convergence and coordinate Financial Intelligence Units, while EBA continues to address ML/TF risks within its prudential remit…

Companies House delays presenter-related reforms until no earlier than November 2026 to prioritise completing identity verification under the Economic Crime and Corporate Transparency Act

January 16, 2026

The latest update to the transition plan confirms that Companies House will postpone the planned Spring 2026 introduction of presenter measures so it can focus on delivering identity verification for directors and people with significant control and respond to stakeholder feedback. The revised timetable reflects a sequencing decision within the Economic Crime and Corporate Transparency Act reforms to ensure core verification and data-quality changes are embedded before further filing and enforcement measures are introduced…

Europol leads the largest-ever synthetic drug crackdown, dismantling 24 industrial labs, seizing 1,000 tonnes of chemical precursors, and arresting 85+ suspects, striking a huge blow to organised crime

January 16, 2026

Conducted under Operation Fabryka, the crackdown led to the seizure of around 1,000 tonnes of chemical precursors—enough to make an estimated 300 tonnes of finished drugs—and the arrest of over 85 suspects across Poland, Spain, Belgium, the Netherlands, Germany, and the Czech Republic, delivering a major blow to organised crime and disrupting the production, supply, and illegal profits of the synthetic drug trade in Europe…

MONEYVAL finds that Slovakia has significantly strengthened its framework to combat money laundering and terrorist financing through sustained legislative and institutional reforms

January 15, 2026

MONEYVAL concludes that Slovakia has made substantial progress in addressing previously identified AML/CFT deficiencies, including improvements to supervision, risk understanding, and the application of targeted financial sanctions. It nevertheless encourages continued focus on ensuring the effectiveness and consistent implementation of these reforms, particularly in practice across all relevant sectors.

MONEYVAL finds that Montenegro has significantly strengthened its measures to combat money laundering and terrorist financing following substantial reforms

January 15, 2026

MONEYVAL concludes that Montenegro has made strong progress in upgrading its AML/CFT framework, including improvements to legislation, institutional coordination and the effectiveness of targeted financial sanctions. As a result of these advances, MONEYVAL recognises that the country has addressed many previously identified deficiencies, while encouraging continued efforts to ensure reforms are fully implemented and sustained in practice.

MONEYVAL’s Follow-up reports show Georgia, Montenegro, Poland, and Slovakia have improved their AML/CFT frameworks, especially non‑profit oversight, sanctions, and crypto‑asset, yet gaps remain, keeping some under scrutiny

January 15, 2026

Georgia, Montenegro, Poland, and Slovakia have all strengthened their AML/CFT frameworks, with notable progress in areas such as non‑profit oversight, sanctions, customer due diligence, and crypto‑asset measures; Georgia still faces gaps in targeted financial sanctions, Montenegro and Slovakia have upgraded multiple technical areas, and Poland has improved compliance for non‑profits and new technologies, yet all countries continue to address remaining deficiencies under ongoing scrutiny…

Egmont Group’s Horizontal Analysis of AML/CFT effectiveness in Europe II reveals weak FIU capacity, poor-quality STRs, and slow cross-border cooperation undermine financial intelligence against ML

January 14, 2026

The Egmont Group’s Europe II horizontal analysis examines how jurisdictions perform on Immediate Outcome 2 (international cooperation) and Immediate Outcome 6 (use of financial intelligence), drawing on findings from FATF and MONEYVAL mutual evaluations. It identifies recurring weaknesses such as inconsistent STR quality, limited law-enforcement uptake of FIU intelligence and capacity constraints, while showing that strong inter-agency cooperation, proactive dissemination and robust IT systems are key drivers of higher effectiveness…

MONEYVAL finds that Georgia has made only limited progress in strengthening its AML/CFT framework and must accelerate reforms to address remaining deficiencies

January 14, 2026

MONEYVAL concludes that Georgia has taken some steps to enhance its anti-money-laundering and counter-terrorist-financing framework, including incremental legislative and institutional improvements. However, progress remains insufficient in key areas such as effectiveness, supervision and implementation, and MONEYVAL calls for more decisive action to address outstanding weaknesses and meet international standards.

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