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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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Eurojust’s report on Cumulative prosecutions of foreign terrorist fighters (FTFs) urges states to charge both terrorism and core international crimes together to ensure full accountability and justice

September 11, 2025

The report highlights the role of networks and joint investigation teams in strengthening cross-border cooperation, evidence collection, and victim protection. It also underscores the legal and practical advantages of cumulative charges, while acknowledging the challenges of capacity, coordination, and expertise across jurisdictions…

Home Office’s Asset Recovery Statistics 2020–2025 show £284.5M recovered in 2025, driven by higher confiscation and forfeiture orders, record victim compensation, and £160.3M allocated for law enforcement

September 11, 2025

The report aims to provide transparency on the performance of the UK’s asset recovery regime, covering confiscation, forfeiture, civil recovery, and asset denial activities across law enforcement and prosecuting agencies. It highlights significant year-on-year increases in confiscation receipts, victim compensation, and ARIS funding allocations, alongside a decline in restraint and seizure values…

FCA Executive Director Steve Smart outlines new FC measures at 1LoD Financial Crime Summit, including an AML Synthetic Data sprint, NCA collaboration, action on rogue ‘finfluencers,’ and a RBA

September 11, 2025

In his speech at the Financial Crime Forum in London, Steve Smart emphasized a proactive, system-wide approach to combating financial crime through stronger enforcement, enhanced detection, and technological innovation. He highlighted the importance of cross-sector collaboration, public-private partnerships, and regulatory measures such as mandatory reimbursement for APP scams to strengthen the UK’s financial crime resilience…

NCA dismantles a drug smuggling ring which attenpted to import 600 kg of cocaine and cannabis using a yacht involved in a transatlantic sailing race – leading to multiple convictions and long prison terms

September 10, 2025

The NCA secured convictions against members of a crime group who conspired to smuggle 600 kilograms of cocaine and cannabis into the UK using a yacht participating in a transatlantic race. The investigation, part of Operation Venetic, uncovered encrypted communications that exposed the trafficking plots and resulted in substantial prison sentences for those involved.

UAE FIU’s 2024 Annual Report highlights its pivotal role in AML/CFT efforts, through improved financial intelligence, STR/SAR analysis, inter-agency coordination, and legislative support

September 10, 2025
The report also highlights major thematic studies on Trade-Based Money Laundering, fraud, and the misuse of corporate structures, alongside a significant rise in fraud-related STRs and improved international cooperation…

FinCEN reissues modified Geographic Targeting Order requiring MSBs to report cash transactions between $1,000 and $10,000 in selected border regions to combat Mexico-linked illicit activity

September 8, 2025

This measure replaces the earlier $200 threshold, introduces an extended compliance provision for newly covered MSBs until October 10, 2025, and strengthens law enforcement’s ability to cut off access to the U.S. financial system by drug cartels and other illicit actors…

Wolfsberg Group issues ‘Guidance on the provision of banking services to fiat-backed stablecoin issuers’ to help FIs manage financial crime risks associated with these services

September 8, 2025

It emphasizes applying established risk management principles and assessing issuers’ controls and compliance. The guidance addresses unique challenges such as reserve verification and on-chain behavior monitoring, offering a balanced approach to innovation and robust financial crime controls…

OECD revises BEPS Action 5 transparency framework to enhance tax ruling exchanges, update peer review processes, and introduce a new XML schema for implementation from 2027

September 8, 2025

The report on the BEPS Action 5 transparency framework sets out revisions to strengthen the spontaneous exchange of information on tax rulings, including updated terms of reference effective from the 2025 review cycle and a revised peer review methodology to be applied from 2026. It also introduces a revised Exchange on Tax Rulings (ETR) XML Schema and User Guide, which will apply to all exchanges from 1 January 2027.

HMT’s consultation paper, ‘A Streamlined Approach to Payment Systems Regulation’, proposes to fully integrate PSR’s functions into the FCA to enhance regulatory efficiency – seeking feedback by 20 Oct 25

September 8, 2025

This consolidation, announced in March 2025 as part of the Regulatory Action Plan, would transfer the PSR’s responsibilities to the FCA, including promoting competition and innovation in payment systems, overseeing the services they provide, and safeguarding the interests of consumers and businesses…

Netherlands FIOD develops an AI-powered chatbot to assist financial crime investigators in efficiently processing large volumes of data and interpreting relevant laws and regulations

September 6, 2025

According to FIOD’s 2024 annual report, the chatbot aids in investigative procedures by answering procedural questions, interpreting laws and regulations, and referencing pertinent case law. Additionally, FIOD is exploring other AI applications, such as tools to analyze extensive communication data from seized devices, identifying connections that might be overlooked in manual analyses…

Swiss FINMA’s ‘Guidance on Disclosure of Crypto-Based Assets’ clarifies that banks must report them as custody assets, and not fiduciary transactions in their annual financial statements

September 5, 2025

FINMA publishes an oversight communication clarifying the disclosure of crypto-based assets in banks’ annual financial statements under its Guidance 03/2025. It confirms that previous disclosure obligations remain in force, allows banks pragmatic flexibility in presentation, and removes the requirement to report fiduciary-held cryptocurrencies in supervisory reporting while continuing to collect data via a dedicated EHP survey…

FinCEN new Guidance encourages voluntary cross-border information sharing among FIs to better combat ML/TF, and fraud, while clarifying that SARs cannot be shared

September 5, 2025

The guidance clarifies that while SARs and related disclosures remain prohibited under the Bank Secrecy Act, institutions may share underlying transaction records, customer data, and other non-SAR information to strengthen detection of illicit finance. It also emphasises that such cross-border sharing is voluntary and creates no new regulatory obligations…

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