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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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FATF’s latest VASPs report exposes major gaps in virtual asset compliance, rising stablecoins misuse and weak cross-border supervision, calling for urgent global enforcement and coordinated action

June 26, 2025

The FATF’s 2025 targeted update on virtual assets and virtual asset service providers (VASPs) highlights that most jurisdictions have yet to fully implement AML/CFT requirements, including the Travel Rule. The report calls for urgent action to strengthen supervision, close regulatory gaps, and enhance international coordination to mitigate the risks of misuse of virtual assets for illicit finance…

Europol’s latest podcast warns that AI is accelerating organised crime via deepfakes, cyberattacks, and disinformation, urging law enforcement to adopt AI-powered tools

June 26, 2025

Europol’s Podcast Episode 21 explores how AI is accelerating crime — from enhancing cyberattacks with automated phishing and deepfakes, to enabling smarter fraud, sophisticated disinformation, and rapid darknet trade — and stresses the urgent need for law enforcement to adopt AI-powered tools and international cooperation to stay ahead of these evolving threats…

BaFin’s 2026-29 Strategic goals sets out a smarter, data-driven AML agenda tightening crypto oversight, boosting public–private collaboration, and aligning closely with EU’s AMLA for sharper enforcement

June 26, 2025

The plan emphasizes early detection of weak internal controls, greater use of data-driven supervision, and closer coordination with AMLA. BaFin also prioritizes digital identity systems for more effective KYC, stricter enforcement against market abuse, and oversight of ESG claims to combat greenwashing—all aimed at safeguarding financial integrity in a fast-evolving risk landscape…

 

 

UNODC’s World Drug Report 2025 warns that global instability is fuelling the drug crisis, enabling organised crime to expand corruption, violence, and FC, with increasing links to ML and cybercrime

June 26, 2025

The report notes a growing overlap between drug trafficking and other illicit economies, including money laundering and cyber-enabled crime. Cross-border laundering of drug profits is becoming more sophisticated, placing additional strain on law enforcement and financial systems. UNODC calls for a coordinated global response that addresses not only drug supply and demand, but also the financial infrastructure that enables drug-linked crime to thrive…

MONEYVAL commends North Macedonia for major AML/CFT improvements in supervision and international cooperation, while highlighting enforcement and BO transparency as ongoing challenges

June 25, 2025

Latest follow-up report recognises North Macedonia’s substantial improvements in strengthening its anti-money laundering and counter-terrorist financing (AML/CFT) legal framework, supervisory practices, and international cooperation mechanisms. However, it also highlights persistent challenges, particularly in effective enforcement, beneficial ownership transparency, and the need for continued efforts to address identified gaps.

CPS secures conviction in £1.9M ML case linked to global romance scams, where a UK textile firm was used to conceal illicit funds through fake invoices from 2015 – 2017

June 25, 2025

The CPS and NCA investigation uncovered 77 victims who were manipulated into transferring money under false romantic pretences. Suleman was found guilty of money laundering and false accounting, with confiscation proceedings underway to recover criminal profits. Prosecutors described him as a financial enabler who kept the fraud network operational…

Europol dismantles a major crypto investment fraud ring in Spain, defrauding 5,000+ victims globally and laundering €460M through shell companies, crypto and banking channels

June 25, 2025

The operation, supported by authorities in France, Estonia, and the U.S., led to five arrests and uncovered the use of fake investment platforms and romance scams to lure victims. The group operated an elaborate laundering infrastructure involving cash withdrawals, international transfers, and crypto-to-fiat conversions. Europol deployed a crypto specialist to trace blockchain transactions and warned of the increasing threat posed by AI-driven fraud schemes…

Europol’s 2025 EU TE-SAT report warns of sharp rise in jihadist terrorism, growing threats from youth radicalisation and tech-driven tactics like AI propaganda, crypto-financing, and 3D-printed weapons

June 24, 2025

The 2025 EU Terrorism Situation & Trend Report (EU TE‑SAT) reveals that in 2024, the EU experienced 58 terrorist incidents, including 34 completed, 5 failed, and 19 foiled attacks, with jihadist incidents rising to 24, the most of any category…

 

FATF–MONEYVAL June 25 Plenary advances payment transparency, boosts financial inclusion, and delists Croatia, Mali, and Tanzania, while adding Bolivia and the UK Virgin Islands over AML/CFT gaps

June 24, 2025

The joint plenary advanced global efforts to combat financial crime by revising key standards, monitoring high-risk jurisdictions, and promoting financial inclusion. The meeting also reinforced protections for NPOs, confirmed Latvia’s evaluation under a new methodology, and underscored international cooperation against sanctions evasion and TF…

FCA, BoE, PRA, and PSR revise their MoU to strengthen coordination on payment systems, aligning with NPV and enhancing fraud and digital wallet oversight through clearer roles and data sharing

June 24, 2025

The updated MoU clarifies roles, embeds data sharing, and promotes joint supervision, particularly around issues like push payment fraud and digital wallets. It also prepares for the planned consolidation of the PSR into the FCA, ensuring a seamless transition while reinforcing oversight. The move signals a stronger, more unified approach to tackling fraud and safeguarding consumer trust in the evolving digital payments landscape…

UK Foreign Secretary David Lammy announces a global Summit on Countering Illicit Finance and Corruption in London, aiming to crack down on kleptocracy and drive dirty money out of the UK markets

June 24, 2025

He outlined a new doctrine of “progressive realism,” positioning Britain as a global leader in financial integrity and rule-based cooperation. Highlighting the City’s pivotal role in global tech and finance, he emphasized building new coalitions—including with the Global South—and using the UK’s financial and legal strength to tackle corruption, sanctions evasion, and geopolitical instability in a rapidly shifting world…

FATF’s updated Financial Inclusion guidance promotes a proportionate RBA to AML/CFT, boosting access for low-risk groups with digital ID solutions while protecting financial integrity

June 23, 2025

The guidance emphasizes that financial inclusion and anti-financial crime efforts are mutually reinforcing—greater access paired with robust oversight enhances transparency, deters criminal misuse of the financial system, and strengthens the effectiveness of AML/CFT/CPF measures. By supporting both regulatory integrity and financial access, the FATF aims to help jurisdictions and the private sector balance security with inclusion…

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