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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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CBUAE launches Jaywan, the UAE’s first national card scheme, marking a major step in strengthening the country’s digital payments infrastructure and financial sovereignty

July 20, 2026

Operated by Al Etihad Payments, Jaywan enables banks, licensed financial institutions and exchange houses to issue domestic payment cards while supporting lower transaction costs, greater payment efficiency and enhanced financial inclusion. The initiative also strengthens payment resilience by reducing reliance on international card networks and reinforcing the UAE’s position as a regional…

UNODC launches a new 2-year strategy to modernise Financial Crime detection, leveraging financial intelligence, data analytics and PPPs to strengthen the fight against ML, TF and organised crime

July 20, 2026

The initiative aims to enhance national financial crime capabilities through improved analytics, public-private partnerships, capacity building and international cooperation. The strategy focuses on helping countries modernise financial crime detection by leveraging innovative technologies and intelligence-led approaches to identify illicit financial flows, disrupt criminal networks and strengthen AML/CFT…

EC targets banking fragmentation with reforms to boost cross-border banking and competitiveness, as MEPs debate the balance between regulatory simplification and financial stability

July 17, 2026

The proposals have prompted debate in the European Parliament, with MEPs divided over how far regulation should be streamlined. Supporters argue that reducing regulatory complexity would enhance competitiveness and support investment, while critics warn that easing prudential requirements could undermine financial stability and weaken safeguards introduced after the global financial crisis…

FCA’s Webinar held on 17 July 2026 provided guidance on the UK’s upcoming cryptoasset regime, including authorisation requirements, compliance expectations and AML oversight

July 17, 2026

The Webinar provides an overview of the UK’s upcoming cryptoasset regulatory framework, covering the FCA’s rules, guidance and expectations for firms entering the new regime. It explains key regulatory requirements, authorisation processes and how firms can prepare for compliance. The session is aimed at helping cryptoasset firms understand the transition from…

GIABA’s 3rd Enhanced Follow-Up Report highlights Côte d’Ivoire’s AML/CFT progress, upgrading 9 FATF Rec. following reforms in supervision, sanctions, money transfers, statistics and asset recovery

July 16, 2026

The third enhanced follow-up report says Côte d’Ivoire has significantly strengthened technical compliance through its 2023 AML/CFT/PF Order, wider UEMOA-aligned reforms, sectoral risk assessments and updated AML/CFT strategy, leading to compliant ratings on MVTS, DNFBP supervision, statistics, sanctions and mutual legal assistance for freezing and confiscation. The report remains a technical compliance…

GIABA’s 2nd Enhanced Follow-Up Report upgrades Comoros across 13 FATF Rec., recognising major legal reforms while leaving gaps on virtual assets, BO risk and sanctions guidance

July 16, 2026

The second enhanced follow-up report says Comoros has strengthened its AML/CFT/CPF framework through a new 2025 law, Central Bank reforms and institutional capacity-building, leading to upgrades on risk assessment, national co-operation, targeted financial sanctions, customer due diligence, third-party reliance, DNFBPs, beneficial ownership, supervision, FIU powers, sanctions and international…

FATF’s Seventh Targeted Update on VA/VASPs warns that gaps in licensing, supervision and Travel Rule implementation continue to be exploited, with stablecoins emerging as a growing illicit finance risk

July 16, 2026

It also highlights increasingly complex illicit finance risks, including the industrialisation of crypto-enabled fraud by organised crime groups, the growing misuse of stablecoins, risks associated with unhosted wallets and peer-to-peer transactions, offshore VASPs operating outside effective oversight, and persistent challenges posed by decentralised finance (DeFi). FATF calls on both the public and private sectors…

NCA intelligence sharing with the Nigerian Police Force and Meta led to the arrest of 6 suspected fraudsters linked to a celebrity impersonation scam, striking a major blow to cross-border fraud

July 16, 2026

The suspects were arrested in Asaba, Delta State, after joint work between the NCA, Nigerian Police Force and Meta helped identify individuals allegedly running celebrity impersonation scams against victims around the world, including in the UK. The case reinforces the UK’s emphasis on cross-border and public-private fraud disruption, following the UK–Nigeria cybercrime, fraud and financial crime MoU…

UNODC warns that South-East Asia’s criminal economy is becoming a single interconnected ecosystem linking synthetic drugs, online scams, human trafficking, underground banking and large-scale money laundering

July 16, 2026

The Transnational Organized Crime Threat Assessment for South-East Asia 2026 describes a structural shift from locally rooted criminal groups towards flexible transnational networks that share infrastructure, financial channels and technology. The convergence allows criminal organisations to diversify their income, move proceeds across borders more efficiently and exploit weak governance, conflict areas and uneven enforcement across the region.

Companies House reports that expanded enforcement and identity-verification work increased its workforce to 2,424 and operating expenditure to £256.1 million in 2025–26

July 16, 2026

The Companies House Annual Report and Accounts 2025 to 2026 sets out how the registrar used its strengthened powers under the Economic Crime and Corporate Transparency Act to improve company information and support investigations into suspected fraud and abuse. Companies House spent £15.2 million on penalties and sanctions activity, received £2.1 million from the Economic Crime Levy and increased cooperation with HMRC, the Insolvency Service and other enforcement bodies.

IMF embeds money-laundering, financial-crime and terrorist-financing risks more firmly within its surveillance, financial-stability assessments and lending work

July 16, 2026

The updated guidance directs IMF staff to examine financial-integrity weaknesses when they could materially affect macroeconomic stability, financial-sector resilience, external stability or the effectiveness of Fund-supported programmes. It replaces guidance issued in 2012 and reflects the IMF’s growing emphasis on the economic consequences of illicit finance, rather than treating AML/CFT solely as a technical compliance issue.

Wolfsberg Group publishes Guidance on Banking Services to Non-Bank PSPs, setting out a practical risk-based framework to help banks manage rising AML/CFT risks across the payments ecosystem

July 15, 2026

The guidance provides a practical risk-based framework for financial institutions providing banking services to non-bank payment service providers, including expectations around relationship types, business-model understanding, customer activity, payment transparency and financial crime controls. Wolfsberg highlights the challenges created by intermediation, cross-border bundled or bulk transactions, and…

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