Log in/out

Our extensive knowledge at your fingertips

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.

Browse the resource database or make a sub-selection:

Menu

Latest editions

Search

U

APGML’s follow-up report highlights Vietnam has strengthened AML/CFT laws and supervision, including digital assets, but key gaps in sanctions, due diligence, and reporting leave ML/TF risks high

November 16, 2025

Vietnam’s review shows progress in three areas: a stronger national risk-assessment framework (R.1), improved implementation of targeted financial sanctions (R.6), and better customer-due-diligence and beneficial-ownership transparency (R.7). However, 21 Recommendations remain Partially Compliant and 3 Non-Compliant, underscoring the need for further reform to meet FATF standards…

EBA’s report ‘Response to the EC’s Call for Advice on 6 AMLA Mandates’, outlines a risk-based, harmonised framework for risk assessments, supervision, CDD, sanctions, and information sharing

November 14, 2025

The EBA formally recommends to the European Commission core design features for the forthcoming EU AML/CFT framework and the establishment of the new Anti-Money Laundering Authority. Its submission emphasises proportionate, risk-based supervision and robust cooperation mechanisms to ensure the regime’s effective and timely implementation…

EU Commission proposes new legislation to boost EU-wide cooperation and data sharing to tackle cross-border VAT fraud and dismantle organised tax-fraud schemes

November 14, 2025

The proposal introduces enhanced mechanisms for cross-border information exchange, joint analytics, and coordinated enforcement to address complex and fast-moving VAT fraud schemes. It further aims to modernise Member States’ administrative capacities, ensuring more consistent compliance, reduced revenue loss and a more resilient EU VAT system…

FinCEN identifies 10 Mexico-based casinos as primary ML concerns for funneling funds to the Sinaloa Cartel and proposes U.S. banking restrictions to sever the cartel’s access to the financial system

November 13, 2025

FinCEN issues a finding and proposes a rule under Section 311 of the USA PATRIOT Act that prohibits covered U.S. financial institutions from opening or maintaining correspondent accounts for foreign banks involved in transactions with the ten identified Mexico-based gambling establishments. The action follows analysis showing that these establishments, allegedly controlled by a criminal group in collaboration…

TI’s BO Transparency report warns that despite initial reforms, MENA countries still struggle with opaque ownership, weak enforcement, and structures that fuel corruption and illicit finance

November 13, 2025

The report shows that while a majority of MENA jurisdictions now have legal definitions of “beneficial owner” and obligations for private-sector intermediaries to report BO data, enforcement remains uneven — with weak verification mechanisms, inconsistent record-keeping, and rare public access undermining the reforms’ effectiveness. It concludes that to translate legal frameworks into real-world transparency, countries must strengthen verification and maintenance of BO registries, ensure timely and reliable data collection…

MEP backs simpler sustainability reporting and due diligence rules, easing burdens for most firms while keeping key obligations for large companies and creating a free digital compliance portal

November 13, 2025

MEPs have voted to simplify sustainability reporting and due diligence rules: under their negotiating position, only very large companies (with over 1,750 employees and €450 million turnover) would need to report, due diligence duties would apply only to corporations with over 5,000 employees and €1.5 billion turnover, there would be no mandatory transition plans, and liability would remain at the national level …

MAS issues Consultation Paper on Guidelines on AI Risk Management, outlining proportionate measures to ensure FIs use AI responsibly and securely, with feedback due by 31 Jan 2026

November 13, 2025

The Guideline proposes proportionate, organisation-wide expectations for financial institutions—covering governance, AI inventories, lifecycle controls, and skills development—to ensure the safe and responsible use of AI, including generative systems…

US DoJ launches Scam Center Strike Force to combat Southeast Asian crypto pig butchering scams, seizing $401M and targeting networks tied to forced labor and organised crime

November 12, 2025

The initiative has already resulted in the seizure of over $401 million in illicit cryptocurrency and is focused on dismantling transnational criminal networks connected to organized crime and forced labor. The Strike Force combines law enforcement, regulatory, and prosecutorial resources to identify, investigate, and prosecute these complex, cross-border financial crimes, aiming to protect victims and disrupt the…

FCA partners with Singapore’s MAS to accelerate safe, responsible AI innovation – launching joint initiatives to test AI solutions, share regulatory insights, and support cross-border growth

November 12, 2025

It will establish its first permanent presence in Singapore by appointing a Financial Services Attaché at the British High Commission. The collaboration will involve joint testing of AI solutions, exchange of regulatory insights, and co-hosted events to showcase best-in-class practices in AI development. This step supports economic growth by strengthening cross-border regulatory ties and attracting innovation to both the UK and Singapore financial markets…

Europol’s report Organised Crime Online highlights trends in cyber‑attacks, online fraud, and child sexual exploitation, and addresses emerging AI‑assisted crimes to protect victims

November 11, 2025

The report finds that cyber-criminal networks increasingly rely on service-based business models—such as malware-as-a-service and phishing-kits—while exploiting encryption, automation and large volumes of stolen data to evade detection. It further shows that Europol’s coordinated international operations, forensic capabilities and infrastructure takedowns remain essential to disrupting these fragmented and rapidly evolving online ecosystems…

UNODC’s 2025 Organised Crime brief warns that agile transnational criminal networks are fusing cybercrime, trafficking, and environmental crime, exploiting technology and weak governance

November 11, 2025

The report finds that organised criminal networks increasingly merge across illicit markets—such as drugs, cyber fraud, human trafficking and wildlife crime—exploiting weak governance, digital technologies and globalisation to multiply their reach. It also shows that these networks inflict substantial harm on governance, human rights and development by corrupting institutions, eroding the rule of law and deepening societal vulnerability…

NCA’s Operation Machinize 2 targets 2,734 high-street businesses, seizing £10.7M in criminal proceeds, £2.7M in illicit goods, and making 924 arrests disrupting ML and worker exploitation

November 11, 2025

Over October, it targeted 2,734 premises, resulting in 924 arrests, seizures of £10.7 million in suspected criminal proceeds and £2.7 million in illegal goods, and referrals to authorities for companies and workers operating illegally. The operation aimed to disrupt organised crime, protect workers from exploitation, and safeguard the integrity of legitimate businesses…

No results found.