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

NCA issues amber warning highlighting the sanctions evasion and ML risks presented to UK industries linked to the art storage sector

Art market participants are advised to ensure capacity to identify within their business any change in client status and suspicious activity relating to financial sanctions evasion, money laundering, cultural property trafficking, or other criminality.

EU sanctions six companies accused of ‘undermining stability’ in Sudan

The EU imposed sanctions on six companies responsible for trying to undermine stability in conflict-ravaged Sudan, largely targeting firms linked to weapons procurement and manufacturing. Sudan plunged into chaos last April when long-simmering tensions between the military, led by Gen. Abdel Fattah Burhan, and the Rapid Support Forces paramilitary…

HM Treasury Advisory Notice: ML and Terrorist Financing Controls in High-Risk Third Countries

Outlines enhanced customer due diligence requirements that UK companies are required to observe with respect to high-risk jurisdictions…

FCA charges individual with fraud over unauthorised investment scheme

Mr Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him. He made a number of fraudulent claims to investors, including about how the scheme was operated and the profits they could and were making via the scheme. He falsified documents in order to support some of his claims…

Home Office proscribes Hizb ut-Tahrir as terrorist group

This order makes belonging to Hizb ut-Tahrir or inviting support for the group a criminal offence, with a potential prison sentence of 14 years which can be handed down alongside or in place of a fine.

ICBC agrees to pay $32.4m to US regulators over AML lapses, unauthorised use and disclosure of confidential supervisory information

The Bank failed to improve compliance program, failed to report backdated documents, and disclosed confidential supervisory information without authorisation. Regulated institutions must be held accountable for failing to adhere to New York’s rigorous legal and regulatory standards…

FINTRAC issues special bulletin on laundering the proceeds of crime through online gambling sites

Provides background and updated information on online gambling intended to support reporting entities in Canada, especially those involved in online gambling, as well as banks and money services businesses, including payment service providers.

EU Parliament MEPs reach deal on a single rulebook against ML and TF

The new bills provide access to beneficial ownership information and give more powers to Financial Intelligence Units (FIUs) to analyse and detect money laundering and terrorist financing cases as well as to suspend suspicious transactions.

Interpol White Paper highlights emerging Metaverse crimes and policing challenges

Interpol’s White Paper outlines key challenges in the Metaverse, such as grooming and cyber-attacks, and the complexities of policing digital crimes involving assets like cryptocurrencies, while noting opportunities for law enforcement advancements…

CPS convicts man for running illegal financial service for people smugglers

Asghar Gheshlaghian, a 48-year-old illegal money service bureau owner has been convicted of money laundering and immigration-related offenses. Operating as an unregistered “hawala” banker, he laundered funds for criminals smuggling migrants into the UK, proven by evidence including Whatsapp chats, ledgers, statements from asylum seekers, and undercover footage from an ITV investigation…

FINTRAC imposes an administrative monetary penalty on Global West Realty Limited, a real estate broker in Mississauga, Ontario

Global West Realty Limited was found to have failed to:
ensure that an appointed person be responsible for implementing a compliance program;
develop and apply written compliance policies and procedures;
assess and document money laundering or terrorist activity financing risks;
develop and maintain a written ongoing compliance training program; and
institute and document the prescribed review of its policies and procedures, risk assessment and training program.

City of London Police warns of courier fraud after victims lose more than £19.6m in three months

Pensioners in the east and south of the UK are being warned to stay vigilant due to a surge in courier fraud cases. Criminals, posing as police or bank officials, deceive victims into believing their accounts are compromised. The scammers coerce victims, including one in Essex who lost £5.3 million, to transfer money or purchase valuables like gold and jewelry, often posing as couriers collecting items from victims’ homes…