Our extensive knowledge at your fingertips

Over 20 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

Browse the resource database or make a sub-selection:

Latest editions

Search

GCFFC releases Financial Scams Report: An Assessment of Scams in Australia, Hong Kong SAR & Singapore

There are more than 20 main types or variety of scam types identified in this report, with some hybrids & others involving additional forms of criminality, leading to financial losses, lifestyle changing consequences, & changes to life with 500,000 people estimated as modern slavery/human trafficking victims forced into criminality to support romance baiting and numerous suicides from scams such as sextortion…

FCA assists the Met Police in the arrest of two individuals suspected of running an illegal cryptoasset exchange

More than £1 billion of unregistered cryptoassets are believed to have been bought and sold through this business.

APG reviews the progress made by Palau in fifth follow-up to the MER

Palau has been re-rated on R.22, R.23, R.28 and R.36, which they requested prior to follow-up. These Recommendations cover PEPs, DNFBPs and international instruments.

EPPO arrests ringleader, code-named Goliath of €85 million VAT fraud in Kenya

According to the investigation, the suspects established companies in Germany and other EU Member States, as well as in non-EU countries, in order to trade the goods through a fraudulent chain of missing traders – who would vanish without fulfilling their tax obligations. Other companies in the fraudulent chain would subsequently claim VAT reimbursements from the national tax authorities…

MONEYVAL publishes 6th Enhanced Follow-up Report & Technical Compliance Re-Rating for Hungary highlighting that the country made progress in addressing its compliance deficiencies

MONEYVAL has reported improvements in the country’s approach to AML/CFT compliance and regulation of digital assets. Hungary will continue to report to MONEYVAL in improving its implementation of AML/CFT measures…

 

 

Europol dismantles sophisticated counterfeiting print shop in Italy, seizing over EUR100K in counterfeit banknotes and over EUR10K in cryptocurrencies

The forgers are responsible for producing highly convincing counterfeit euro banknotes, which they offered for sale via a popular encrypted messenger service…

ESMA publishes annual report for 2023

sets out the key achievements of ESMA in the first year of implementing its new 5-year strategy, delivering on the mission of enhancing investor protection and  promoting stable and orderly financial markets in the European Union (EU).

FBI warns of scammers defrauding individuals via work-from-home scams

The scammers pose as a legitimate business, such as a staffing or recruiting agency, and may contact victims via an unsolicited call or message. Scammers design the fake job to have a confusing compensation structure that requires victims to make cryptocurrency payments in order to earn more money or “unlock” work, and the payments go directly to the scammer. Scammers direct victims to a fake interface, which shows victims are earning money, though none of it is available to them to cash out…

MONEYVAL reports on the progress of Moldova since its Mutual Evaluation and first follow-up report

Following the review of Moldova, 34 recommendations are rated as LC/C and 6 recommendations (R.8, R.15, R.22, R.24, R.25 and R.38) remain rated as PC.

MONEYVAL releases second enhanced follow-up report on Gibraltar’s progress who improved compliance with international agreements on ML/TF

In light of the progress made by Gibraltar since its Mutual Evaluation and 1st Follow-Up report were adopted, its technical compliance with Recommendation 36 is re-rated from Partially Compliant to Largely Compliant.

 

SEC charged JAG Capital Advisors for defrauding investors of at least $3m over three years

JAG Advisors, deceived approximately nine investors by misrepresenting nearly every aspect of the fund, including its performance and risks. The principal of JAG Advisors, allegedly diverted $1.1 million for personal expenses such as travel and jewellery, and lost over $1.7 million through high-risk trading and speculative investments, while falsifying documents to conceal losses from investors…

ICIJ highlights how the IRS went soft on billionaires and corporate tax cheats

Newly obtained data shows the IRS division that audits corporations and the ultrarich flagged no more than 22 possible tax crimes over the past five years — roughly 40 times fewer criminal referrals than from the unit covering small businesses…