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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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FCA launches the Mills Review and seeks input on AI’s long-term impact on retail financial services, including markets, consumer behaviour, and regulation – by 24 Feb 2026

January 27, 2026

The review focuses, in part, on how increased use of AI may both mitigate and exacerbate fraud and financial crime, including risks of more sophisticated scams, automated consumer manipulation, model abuse and weaknesses in oversight, governance and accountability. It aims to inform future regulatory expectations by assessing how firms should deploy AI responsibly to strengthen fraud controls, maintain market integrity and ensure that crime-prevention capabilities keep pace with rapidly evolving technologies…

Europol reports that organised crime is reshaping maritime cocaine trafficking with more sophisticated concealment, route diversification and exploitation of commercial shipping vulnerabilities

January 27, 2026

New Europol analysis identifies evolving tactics used by criminal networks to transport cocaine by sea, including modular concealment methods, use of legitimate maritime supply chains and adaptive routing to evade detection. It underscores the need for enhanced cooperation between law enforcement, port authorities and industry to improve risk indicators, intelligence-driven targeting and collective responses to maritime drug trafficking.

NCA intercepts a £710 million cocaine‑laden semi‑submersible in the Atlantic, teaming up with international partners to arrest four suspects and strike a decisive blow against organised crime

January 27, 2026

Working closely with Portuguese authorities and international partners, the agency provided critical intelligence and operational support that enabled the interception, which led to the arrest of four individuals. The operation dealt a significant blow to organised crime, preventing a major drug shipment from reaching Europe, while investigations continue to dismantle the criminal network behind the smuggling…

AMLA announces it will launch a data collection exercise starting in Mar 2026 to test and calibrate its risk assessment models for the financial sector, paving the way for harmonised EU AML/CFT framework

January 27, 2026

The exercise, conducted with national supervisors and the private sector, involves both entities potentially eligible for direct supervision and a representative sample of institutions remaining under national oversight. The goal is to ensure consistent EU-wide assessment of money-laundering risks and to inform the 2027 selection of up to 40 financial institutions for AMLA’s direct supervision starting in 2028. High-quality data from private sector participants is critical…

FBI warns of fraudsters impersonating prosecutors and law-enforcement officials to extort money and sensitive information from victims, highlighting the growing threat of impersonation scams

January 27, 2026

In the scam, criminals contact victims by phone, email, or text claiming the person is involved in or a victim of a fraud investigation, then demand bank details, payments, or sensitive information. Authorities stress that legitimate law-enforcement agencies do not request money or financial information from citizens in this way and urge individuals to verify suspicious communications and report incidents to the FBI’s…

UNODC and INTERPOL host the Global Fraud Summit on 16–17 March 2026 in Vienna to combat cross-border and digital fraud and advance enforcement with innovative strategies

January 27, 2026

The Summit aims to bring together senior government officials, law enforcement, international organisations, private‑sector leaders, civil society, and academia to discuss emerging global fraud trends, the digital and cross‑border dimensions of fraud, and strategies for detection, prevention, and enforcement. It will serve as a high‑level platform for strengthening international coordination and information sharing, promoting cross‑sector collaboration, and identifying areas for capacity building and joint action against transnational fraud…

INTERPOL’s Global Operation Liberterra III rescues 4,414 trafficking victims, flags nearly 13,000 irregular migrants, and arrests 3,744 suspects, exposing deep links to human smuggling, fraud, and ML

January 27, 2026

The operation mobilised more than 14,000 officers, leading to 3,744 arrests, including over 1,800 suspects linked to human trafficking and migrant smuggling, and triggered more than 720 new investigations. Key findings highlighted evolving criminal tactics — including trafficking‑fuelled scam schemes, rising forced labour and forced criminality, shifting migration patterns, and continued links between trafficking and other crimes such as document fraud, money laundering and drug trafficking — and showed that strengthened cooperation…

Home Office publishes a White Paper on ‘A New Model for Policing’, proposing reforms to build a stronger, tech‑enabled police service to tackle complex FC and strengthen local investigations

January 26, 2026

The paper proposes creating a more integrated National Police Service to tackle high-level threats while maintaining local investigative capacity, enhancing governance and accountability, investing in technology, data analytics, and specialist skills to detect and prevent sophisticated financial crimes, and establishing national performance frameworks to improve enforcement effectiveness and public confidence. These reforms aim to modernize policing and bolster capabilities to combat evolving financial crime and illicit networks…

MONEYVAL finds that Croatia has continued to strengthen its AML/CFT framework since its 5th-round evaluation, with improvements in risk understanding and legal frameworks, but still needs to address gaps in supervision, prosecutions and effectiveness outcomes

January 23, 2026

The Third Enhanced Follow-Up Report on Croatia’s 5th-round AML/CFT assessment notes that the country has enacted legislative amendments, improved its risk assessment processes and enhanced targeted financial sanctions implementation. However, MONEYVAL concludes that Croatia must further improve the effectiveness of its supervisory systems, increase the number and quality of prosecutions and confiscations, and strengthen practical application of measures across sectors to fully meet international standards.

FCA seeks feedback on final proposals for the cryptoasset regime, covering Consumer Duty, conduct standards, redress, safeguarding, and other key rules for crypto firms – responses due by 12 Mar 2026

January 23, 2026

FCA Consultation Paper CP26/4 sets out proposed rules and guidance on how existing UK Handbook requirements will apply to firms conducting regulated cryptoasset activities, covering areas such as the Consumer Duty, conduct of business standards, redress and dispute resolution, regulatory reporting, training and competence, senior management oversight (SM&CR), cryptoasset safeguarding, and retail collateral treatment in crypto borrowing, with the aim of promoting…

FCA consults on the Application of Consumer Duty to cryptoasset firms, urging them to protect retail consumers, ensure clear disclosures, vet high-risk cryptoassets, and act swiftly against fraud and FC – comments by 12 Mar 2026

January 23, 2026

The FCA’s GC26/2 guidance sets out how cryptoasset firms should apply the Consumer Duty — Principle 12 and its supporting rules — to their regulated activities, helping them deliver good outcomes for retail customers in a high‑risk, fast‑evolving market by embedding customer interests across products, pricing, communications and support, while recognising differences between crypto and traditional finance; the guidance supplements existing Duty guidance and is part of the UK’s broader framework to protect consumers and…

MONEYVAL’s 2nd Follow-up report finds Estonia has strengthened its AML/CFT framework with tougher sanctions and crypto‑risk measures, but notable gaps persist, keeping it under heightened scrutiny

January 22, 2026

MONEYVAL’s follow-up re-assessment shows that Estonia has made measurable progress in strengthening its anti-money-laundering and counter-terrorist-financing measures, notably upgrading compliance with targeted financial sanctions related to terrorism and terrorist financing. However, Estonia remains subject to enhanced follow-up, with a mix of compliant, largely compliant and partially compliant ratings across the 40 FATF recommendations and an expectation to report further progress by the end of 2025…

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