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Australian Governments agree to implement customer pre-verification for online gambling accounts

To implement this measure, the AML/CTF Rules have been amended to strengthen the applicable customer identification procedures (ACIP) that apply to online gambling service providers.

FATF updates consolidated assessment ratings

Provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance (last updated on 27 September 2023).

HKMA publishes “AML/CFT Regtech: Case Studies and Insights Volume 2”

Shares real-life use cases from banks in their Regtech adoption to make their AML/CFT efforts more effective and efficient.

Financial Stability Board identifies frictions from data frameworks that pose challenges to enhancing cross-border payments

The Financial Stability Board (FSB) today published its stocktake of international data standards relevant to cross-border payments. The stocktake looks at national and regional data frameworks relevant to the functioning, regulation and supervision of cross-border payment arrangements. It takes forward one of the priority actions under the G20 Cross-border Payments Roadmap, to enhance the interaction between data frameworks and cross-border payments.

GI-TOC publishes report on ‘Trafficking illicit medical products in West Africa’

This report analyses the market’s key characteristics and enablers and assesses national and regional responses. West Africa has become a hotspot for the trafficking of medical products, with estimations that the illicit market makes up to 80% of medical products in…

JMSLG receives ministerial approval for revisions to Part II Sector 22 of its guidance (cryptoasset providers and custodian wallet providers)

he new guidance relates to the provisions of The Money Laundering Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) that implement the Travel Rule for cryptoasset transfers in the UK. The new obligations per Regulations 64A-64H come into effect on 1 September 2023.

FATF-INTERPOL announces details of their second global roundtable

Over 200 law enforcement, prosecutors, asset recovery, policy and regulatory experts, from both the public and private sectors, attended the two-day FATF-INTERPOL Roundtable Engagement (FIRE 2) to discuss asset recovery issues and practical solutions to deprive criminals of their illicit assets and contribute to a safer society.

Lindar Media faces UKGC regulatory action for AML failures

Lindar Media Limited, the operator of online casino Mr Q, is facing regulatory action by the UK Gambling Commission and has been ordered to pay £690,947 for social responsibility and anti-money laundering failures. The regulatory action follows…

Europol and Finnish Customs closes down Piilopuoti dark web marketplace

In a significant victory against dark web criminals, the Finnish Customs (Tulli), together with European partners, has successfully taken down the dark web marketplace ‘Piilopuoti’. Drugs and other illegal commodities were sold in large quantities on this Finnish-language platform…

MAS reports robust enforcement outcomes and enhances disclosure of statistics

The Monetary Authority of Singapore (MAS) issued its 4th Enforcement Report (963.6 KB), detailing robust enforcement actions taken against financial institutions (FIs) and individuals for money laundering (ML)related offences, market abuse, financial services misconduct…

Home Office publishes annual report on unexplained wealth orders

Report on the number of unexplained wealth orders applied for and issued from 15 May 2022 to 14 May 2023.

Home Office releases annual report and accounts: 2022 to 2023

A review of the Home Office’s vision and priorities for the year ending March 2023.