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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 Govt updates the MLRs 2026, strengthening due diligence for higher-risk scenarios and enhancing crypto oversight, pooled client a/cs, trust registration, transparency, and supervision

June 9, 2026

They also update monetary thresholds from euros to sterling, align cryptoasset regulation with the new FSMA-based framework, and expand oversight of trust and company service providers, including bringing “off-the-shelf” firm sales into scope. The reforms further tighten trust registration rules while introducing a low-risk de minimis exemption, clarify the treatment of reinsurance activities under insurance definitions, and enhance information-sharing…

Europol disrupts a Kosovo-based organised crime network behind an €80M criminal empire, uncovered through SKY ECC encrypted chats exposing large-scale drug trafficking and ML across Europe

June 9, 2026
The group was involved in large-scale drug trafficking, money laundering, weapons offences, and fraudulent document production, operating across several European countries including Belgium, France, and the Netherlands. Over a three-year investigation under Europol’s OTF LIMIT operation, authorities identified key members coordinating international shipments and laundering illicit profits through cross-border channels…

HMT and DSIT launch the AI Economics Institute, the first government-backed body to assess AI’s impact on productivity, jobs, growth and the economy and help shape future policy

June 8, 2026

The policy paper introduces the AI Economics Institute as a joint HM Treasury–DSIT unit focused on analysing the economic impacts of advanced AI and supporting evidence-based policymaking. It will build data on AI adoption, research effects across sectors, occupations and worker groups, model economy-wide impacts, and work with industry, academia, government and international partners to help shape the UK’s response to AI-driven economic…

UNODC and the World Bank launch a TBML Risk Assessment Tool, with a Guidance Manual, to help jurisdictions identify, assess and mitigate TBML risks and illicit financial flows in global supply chains

June 8, 2026

The manual explains the Tool’s methodology, data needs, scoring logic and step-by-step application, including separate analysis of mainland and free-trade-zone risks. It helps jurisdictions translate assessment findings into risk-based policy, supervisory and operational actions, including stronger inter-agency cooperation, better use of trade and financial data, enhanced FTZ oversight and targeted capacity-building. The Manual is…

New Zealand DIA updates AML/CFT programme guidance to reflect recent legislative changes and help reporting entities turn risk assessments into practical controls

June 6, 2026

The updated guidance supports reporting entities in developing AML/CFT programmes under section 56 of New Zealand’s AML/CFT Act, including the procedures, policies and controls needed to manage and mitigate money laundering and terrorism financing risks. DIA says the June 2026 update reflects changes made through the Amendment Bill, with the programme guidance sitting alongside related updates on enhanced customer due diligence and the new Identity Verification Code of Practice.

AMLA consults on draft Guidelines for ongoing monitoring of business relationships to strengthen CDD and suspicious activity detection under the EU’s new AML regime – feedback until 3 Sept 2026

June 5, 2026

The Guidelines provide practical guidance on how firms should maintain up-to-date customer information, monitor transactions and activities, and identify unusual or suspicious behaviour throughout the lifecycle of a customer relationship. The draft adopts a risk-based and proportionate approach applicable across both financial and non-financial sectors and seeks feedback from a wide range of regulated entities…

FinCEN flags illicit employment schemes involving unauthorised workers as drivers of identity fraud, tax evasion and wider transnational crime, urging stronger AML controls by banks

June 5, 2026

It explains that illicit employment schemes can generate a wide range of financial crime risks, including identity theft, use of fraudulent or stolen documentation, payroll fraud, tax evasion, and the creation of shell or intermediary structures used to process wages and move funds through the U.S. financial system. FinCEN also warns that these activities are not isolated labour violations, but can be linked to broader transnational criminal networks…

APG opens consultation on Pacific model laws that would give authorities stronger powers to restrain, confiscate and recover criminal assets

June 5, 2026

The model legislation forms part of a wider Pacific Model Legal Framework on anti-money laundering and criminal asset confiscation, designed to help Pacific Island jurisdictions meet revised FATF standards and align investigation and court processes across the region. Developed by Lexbridge Lawyers and co-ordinated through APG with New Zealand funding, the framework includes non-conviction-based confiscation powers and will be supported by implementation guidance, practical materials and training, with consultation closing on 12 June 2026.

AUSTRAC turns transaction data into a tracking tool, helping police locate an alleged fugitive and disrupt a suspected attempt to smuggle him out of Western Australia

June 4, 2026

AUSTRAC provided financial intelligence to the Western Australia Joint Organised Crime Task Force after transaction data helped identify movements linked to a 32-year-old alleged outlaw motorcycle gang member wanted in Queensland. The case highlights Fintel Alliance’s role in connecting public and private sector data to real-world identities and locations, supporting three arrests and the man’s extradition to Queensland.

UAE reports strong 2025 AML/CFT/CPF performance with major gains in enforcement, intelligence sharing, transparency, and asset recovery, reflecting a more mature FATF-aligned FC framework

June 4, 2026

Key indicators show significant improvements in financial intelligence sharing, investigations, and asset recovery, including increases in mutual legal assistance requests, extradition requests, STR filings, and pre-emptive freezing actions. Suspicious transaction reporting rose sharply, alongside expanded inspections of financial institutions, virtual asset service providers, and DNFBPs, resulting in substantial administrative penalties…

U.S. DOJ’s Health Care Fraud Unit secures 6 jury trial convictions in under three weeks, exposing over $1.1B in complex Medicare and healthcare fraud schemes across multiple U.S. districts

June 4, 2026

The prosecutions spanned multiple federal districts and involved coordinated criminal operations that exploited Medicare and other federal healthcare programs through false billing, kickback arrangements, and medically unnecessary services. Collectively, the schemes involved more than $1.1 billion in fraudulent claims, making them among the larger recent healthcare fraud cases prosecuted by the DOJ….

CPS launches its Serious and Economic Organised Crime Strategy 2030, prioritising asset recovery, AI-enabled investigations and stronger action against interconnected financial and organised crime

June 4, 2026

The strategy expands its focus beyond traditional economic crime prioritising earlier prosecutorial involvement, stronger asset recovery, enhanced collaboration with domestic and international partners, and greater use of technology and AI to disrupt criminal networks, combat emerging threats and strengthen the UK’s response to complex, cross-border financial crime…

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