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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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INTERPOL hosts Youth Cybercrime Awareness Webinar engaging 800+ participants across Asia-Pacific, providing expert guidance on online safety, emerging cyber threats, and responsible digital behavior

August 12, 2025

Discussions highlighted the increasing targeting of youth by cybercriminals offering fraudulent scholarships, gaming rewards, and job opportunities, often facilitated by sophisticated generative artificial intelligence tools like deepfakes. Participants were encouraged to adopt critical thinking, utilize privacy settings, maintain strong passwords, and report suspicious activities to enhance their online security…

Uruguay launches its 2025-2030 National Strategy to combat ML/TF and weapons proliferation, targeting drug trafficking, corruption, and high-risk sectors like soccer player transfers

August 12, 2025

The plan aims to strengthen legal frameworks, enhance institutional coordination, and improve enforcement mechanisms. A key component is the Integrated System for Combating Organized Crime and Drug Trafficking (SILCON), which facilitates real-time intelligence sharing among agencies. The strategy also focuses on sectors vulnerable to money laundering, including real estate and professional sports…

Canada’s Federal Police indict four men in a CAD 1M casino ATM fraud scheme, while a fifth faces drug trafficking after evidence of fraud, ML, and cocaine was found

August 11, 2025

The investigation uncovered coordinated high-value cash withdrawals designed to exploit financial institutions while evading detection, resulting in losses exceeding $1 million. Law enforcement executed multiple search warrants that revealed not only evidence of fraud and money laundering but also drug trafficking activity linked to one of the suspects. This case highlights the evolving methods criminals are employing in casino-based…

US DoJ leads international takedown of BlackSuit (Royal) ransomware, seizing $1.09M in cryptocurrency and highlighting coordinated cross-border efforts to dismantle global cybercrime

August 11, 2025

This coordinated effort involved multiple U.S. agencies, including Homeland Security Investigations (HSI), the Secret Service, IRS Criminal Investigation, and the FBI, alongside law enforcement partners from the U.K., Germany, Ireland, France, Canada, Ukraine, and Lithuania. The operation included the takedown of four servers and nine domains used to deploy ransomware, extort victims, and launder illicit proceeds…

UK-French Joint Intelligence Cell disrupts 52 organised smuggling gangs and secure 300+ arrests since 2020, targeting networks behind small boat crossings

August 10, 2025

UK officers alongside French counterparts in the Joint Intelligence Cell (JIC/URO), the unit has facilitated rapid intelligence sharing, leading to the dismantling of at least 52 organised immigration crime gangs and the arrest of more than 300 suspected facilitators since its inception in 2020. Beyond targeting individuals, the unit focuses on the operational and financial infrastructure of smuggling networks, intercepting boats…

US DoJ extradites 4 Ghanaian nationals linked to a criminal network that defrauded $100M+ from U.S. victims through romance scams and business email fraud

August 8, 2025

The extraditions, carried out with the cooperation of Ghanaian authorities, highlight the growing sophistication of transnational cyberfraud operations and the complex legal and diplomatic processes required to bring perpetrators to justice. According to prosecutors, the suspects orchestrated scams targeting both vulnerable individuals and businesses, using fake online identities to manipulate victims into transferring funds and laundering…

FCA secures conviction against an individual for running a Ponzi scheme that defrauded 238 investors of over £1.3M through the Imperial Investment Fund

August 7, 2025

Pugh lured investors with promises of unrealistically high returns—ranging from 1.4% daily to 350% annually—primarily using Facebook advertisements. Investigation revealed he used funds from new investors to pay returns to earlier investors, a classic Ponzi tactic. The FCA is now pursuing confiscation proceedings to recover the stolen funds, underscoring the growing use of social media by fraudsters…

FCA’s PS25/12 strengthens safeguarding rules for payments and e-money firms, enhancing consumer protection with stronger compliance, record-keeping, and a trust-based fund regime – effective 7 May 26

August 7, 2025

The policy introduces a two-stage approach: Supplementary Regime (Interim Rules): Effective from May 7, 2026, this stage enhances compliance with existing safeguarding requirements, improves record-keeping, and strengthens reporting and monitoring to identify shortfalls in client funds. Post-Repeal Regime (End-State Rules): Subject to legislative changes, this regime will replace the current…

FCA’s transaction governance review urges wholesale banks to implement robust frameworks, safeguard inside information, and strengthen risk management to mitigate potential FC

August 7, 2025

The FCA found that while some banks operate with strong risk frameworks—ensuring clear risk appetite, documentation, and condition tracking—others exhibited gaps in managing reputational risk and lacked adequate record-keeping of early-stage transaction deliberations, heightening opportunities for undetected or risky activity FCA. Additionally, lapses such as decisions taken without quorate committees…

Trump’s Executive Order prohibits ‘politicised or unlawful de-banking’ ensuring that FIs cannot restrict or deny services on the basis of political beliefs, religion, or lawful business activities

August 7, 2025

The order requires regulators to review past and current banking practices, remove guidance that could facilitate politically motivated account restrictions, and mandate that financial institutions notify and reinstate affected customers. By establishing clear procedures for identifying and remedying discriminatory debanking, the administration seeks to reinforce the principle that access to banking services should be based on objective…

FINTRAC’s 2025 Supervisory Framework introduces a proactive, risk-based, and transparent approach to monitoring and enforcing AML and CFT compliance

August 6, 2025

FINTRAC’s newly published Compliance Program Framework sets out a risk-based and transparent approach to supervising reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It details how FINTRAC assesses sector and entity-specific risks, tailors its compliance activities accordingly, and applies proportionate enforcement measures to promote strong AML/ATF compliance…

EFCC Nigeria charges 5 revenue officials and a bank staff with fraud for allegedly diverting ₦1.2bn from WHO and other aid agencies through a Sterling Bank account 

August 6, 2025

The case involves alleged misappropriation of tax payments intended for the state from international health organizations, with funds reportedly funneled through a bank account controlled by a company linked to one of the defendants. While the arraigned officials and the bank staff have pleaded not guilty, the proceedings underscore established enforcement practices, including stringent bail conditions and thorough investigative tracing of illicit…

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