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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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GIABA’s 6th Follow-Up Report on Mali notes that while AML/CFT measures have seen some progress, key weaknesses persist in supervision, preventive controls, and transparency of legal entities

February 21, 2026

The Sixth Enhanced Follow-Up Report assesses Mali’s progress against a range of FATF Recommendations, noting improvements in technical compliance where legislative, institutional and supervisory measures have been strengthened and re-ratings may be granted where sufficient progress is demonstrated. However, Mali continues to face gaps across key areas of its AML/CFT framework and remains subject to enhanced monitoring until outstanding deficiencies are addressed and compliance with international standards is further strengthened…

GIABA’s 4th Follow-Up Report on Niger finds that despite modest AML/CFT reforms, gaps in supervision, implementation, BO transparency, and financial intelligence remains under enhanced follow-up

February 21, 2026

The 4th Enhanced Follow-Up Report assesses Niger’s progress against the FATF Recommendations, noting improvements in technical compliance where legislative and institutional reforms have been implemented and re-ratings may be granted where sufficient progress is demonstrated. However, the report indicates that gaps remain across key areas of the AML/CFT framework, requiring continued reforms and monitoring under the enhanced follow-up process to achieve full compliance with international standards…

Norton Rose Fulbright explains that the UAE’s new AML regime significantly strengthens compliance, enforcement and accountability by expanding offences, lowering liability thresholds and aligning with FATF standards

February 20, 2026

The new framework, built on Federal Law No. 10 of 2025 and its Executive Regulation, broadens the scope of offences to include proliferation financing, expands predicate offences and lowers the evidentiary threshold so liability can arise where individuals or firms “should have known” about illicit activity.
It also increases supervisory and enforcement powers, introduces stronger senior management liability, and extends AML obligations to higher-risk sectors such as virtual asset service providers and gaming, signalling a more proactive and outcomes-focused enforcement approach.

US DoJ charges 6 more individuals in a massive international “ATM jackpotting” scheme, part of a network that used malware to steal millions from U.S. ATMs

February 20, 2026

A federal grand jury in Nebraska has indicted six additional individuals in a sprawling international ATM jackpotting conspiracy that used malware to steal millions from U.S. ATMs, bringing the total charged defendants to 93. The scheme, linked to the Venezuelan criminal group Tren de Aragua (TdA), involved bank fraud, computer fraud, bank burglary, and money laundering, with individual jackpotting attempts causing losses of over $100,000 and total losses exceeding $6 million…

NCA intelligence sharing leads to the arrest of 7 men in Nigeria running an online investment scam that used hundreds of fake Facebook a/cs to impersonate cryptocurrency traders and target UK & US victims

February 20, 2026

Working with Meta and the Nigerian Police, authorities dismantled a scam operation that used hundreds of fake Facebook accounts to impersonate cryptocurrency traders, post false reviews, and convince victims to transfer funds to accounts controlled by the network. The arrests mark a significant step in disrupting overseas fraud networks preying on UK citizens, and anyone who believes they may have been a victim is encouraged to report it to local authorities…

Europol’s joint operation in Ukraine, Poland, and Moldova seize over $260K in cash, dismantle 36 synthetic drug labs, and arrest 103 suspects in a major blow to international trafficking networks

February 19, 2026

The network, allegedly led by a Ukrainian organiser with links to Polish criminal groups, specialised in producing synthetic cathinones such as alpha-PVP and used legitimate business structures in Poland and Lithuania to import chemical precursors and equipment, helping conceal illicit operations. Authorities seized large quantities of drugs and precursors, significant cash in multiple currencies, virtual assets worth about $45,000, and 41 vehicles, highlighting the group’s diversified financial footprint. Europol provided real-time intelligence…

OECD publishes Due Diligence Guidance for Responsible AI, setting a clear roadmap for firms to embed risk-based, human-centred AI governance to identify, mitigate, and remedy AI risks while building trust

February 19, 2026

The Guidance sets out a practical, risk-based framework for enterprises across the AI value chain to identify, prevent, mitigate, and remediate potential harms from AI systems, stressing that responsible AI must be embedded into enterprise governance, continuously monitored, transparently communicated, and supported by effective stakeholder engagement and remedy mechanisms to build trust, ensure…

US Treasury releases 2 new resources to guide AI use in financial services, a standardised AI Lexicon and AI Risk Management Framework to help FIs manage AI risks, enhance controls, and drive innovation

February 19, 2026

The Treasury introduces an Artificial Intelligence Lexicon and a Financial Services AI Risk Management Framework to establish shared terminology and support consistent, risk-based governance of AI across the financial sector. These tools aim to enhance cybersecurity, operational resilience and responsible innovation by helping institutions manage AI risks while supporting wider adoption of AI technologies in financial services…

OECD’s AI Observatory Index 2026 unveils a 28-indicator framework to benchmark how effectively countries advance trustworthy AI across research, infrastructure, policy, skills, and global cooperation

February 19, 2026

The AI Index introduces a new composite framework to measure how effectively countries implement trustworthy AI, combining 28 indicators across five pillars—AI R&D, enabling infrastructure, policy environment, jobs and skills, and international cooperation—to help governments benchmark performance, identify gaps, and guide evidence-based AI policy, while emphasising that the Index is an evolving, policy-focused snapshot rather than a definitive ranking…

US Treasury announces public-private initiative to strengthen cybersecurity and risk management for AI in financial services, providing practical tools and guidance to ensure safe and resilient adoption

February 18, 2026

The initiative, involving federal and state regulators and financial institutions, developed practical resources to help institutions—especially small and mid-sized—manage AI-specific cybersecurity risks, enhance fraud prevention, and ensure secure governance, data handling, and digital identity practices. These tools aim to enable safe adoption of AI while reinforcing financial system resilience, promoting compliance with security best practices, and supporting the broader objectives of the President’s AI Action Plan…

MONEYVAL’s 6th Mutual Evaluation Report praises Latvia’s progress on ML/TF, noting strong banking oversight and an effective FIU, while urging tighter non-financial oversight & faster asset recovery

February 18, 2026

In it’s Report, MONEYVAL recognises that Latvia has made notable advances in legal reforms, risk understanding and implementation of anti-money-laundering, counter-terrorist-financing and counter-proliferation-financing measures. However, it highlights the need to enhance supervision and risk-based controls in specific non-financial sectors to ensure consistent and effective application of the AML/CFT/CNPJ framework…

AMLA launches consultations on 3 draft RTS covering CDD, Enforcement & sanctions and Business Relationships to strengthen and harmonise EU AML/CFT rules – feedback in March & May 2026

February 18, 2026

The proposals cover criteria for identifying business relationships and occasional transactions, updated customer due diligence (CDD) rules with risk‑sensitive verification and ongoing monitoring standards, and a common supervisory approach to enforcement of AML/CFT obligations. AMLA has set deadlines for feedback on the Business Relationships RTS by 9 March 2026 and on the CDD and Enforcement RTS by 8 May 2026, and will host a public hearing on 24 March 2026.

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