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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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Dubai FSA issues Consultation paper proposing major updates to its crypto-token framework, shifting suitability checks to firms and removing fund investment caps – feedback due by 31 Oct 25

October 25, 2025

The consultation paper proposes to shift from a regulator-recognised list of crypto-tokens to a model where firms must assess and document the suitability of tokens themselves – excluding fiat stablecoins, which remain subject to explicit DFSA approval. It also introduces monthly reporting obligations, removes certain jurisdictional barriers, relaxes fund-investor thresholds, and updates custody/disclosure rules to align with evolving…

TI-UK’s paper Improving the UK’s Trust Registration Service urges expanding the TRS’s scope and data access to expose hidden ownership in UK property and close loopholes enabling ML through opaque trusts

October 25, 2025

The report highlights that the Trust Registration Service (TRS) under HM Revenue & Customs remains ineffective in tackling hidden ownership in UK property via trusts, citing examples of at least £2.5 billion held through trust structures. It recommends reforms to broaden registration (including trusts acquiring property before October 2020 and overseas trusts holding UK assets) and to allow more meaningful public access to TRS data, in line with the Sixth Anti‑Money Laundering Directive standard…

UN’s new Cybercrime Convention, signed by 72 countries in Hanoi, sets the first global framework to combat cyber-enabled fraud and ML through stronger cooperation and evidence-sharing

October 25, 2025

This milestone treaty—opened for signature in Hanoi on 25 October 2025—establishes, for the first time, comprehensive global standards that criminalise cyber-dependent offences (such as online fraud, child sexual exploitation and non-consensual image dissemination) and facilitates rapid cross-border cooperation, including a dedicated 24/7 network. It will enter into force once 40 countries ratify it, thereby empowering all States—especially developing countries—to enhance their technical capacity and collective response to cybercrime…

Egmont Group’s report The Role of FIUs in Fighting Environmental Crimes calls on FIUs to enhance analytical tools, cross-border collaboration, and sectoral awareness to track illicit financial flows

October 25, 2025

The report outlines how FIUs face significant hurdles—including limited awareness, resources, and cooperation—in detecting and analysing money flows tied to environmental offences such as illegal logging, wildlife trade, fishing and mining. It recommends that FIUs integrate environmental crime into national risk assessments, share intelligence widely (domestically and internationally), treat such offences…

UK Govt’s guidance Supply chain resilience against ransomware outlines steps for organisations to tighten supplier oversight, boost cybersecurity, and adopt a four-step plan to strengthen defences 

October 24, 2025

The UK, in collaboration with Counter‑Ransomware Initiative members and Singapore, launches new international guidance designed to help organisations identify vulnerabilities in supply-chain networks and stop cyber criminals before they exploit them. With endorsement from 67 CRI member states and in view of rising incidents — including a 2024 attack on a key NHS supplier in the UK — the initiative underscores the importance of coordinated global action to protect critical services and networks…

EBA launches a consultation on its Revised Guidelines on SREP and Supervisory Stress Testing, aiming to modernise and harmonise EU supervision – feedback due 26 Jan 2026

October 24, 2025

The proposed revisions aim to align supervisory practices with recent regulatory developments, including CRD VI/CRR III and DORA, while integrating nearly a decade of supervisory experience. Key updates strengthen proportionality, reinforce the ongoing nature of SREP, enhance links between risk assessments and supervisory measures, and integrate stress testing more closely into the process. The revised guidelines are expected to take effect from 1 Jan 2027….

FATF’s Oct 2025 Call for Action flags North Korea, Iran, and Myanmar as high-risk jurisdictions with serious AML/CFT deficiencies, urging stronger due diligence and counter-measures

October 24, 2025

The statement reaffirms FATF’s intention to protect the global financial system from jurisdictions with severe, unaddressed money-laundering, terrorist-financing, and proliferation-financing risks. It underscores the continued application of stringent measures until these countries demonstrate substantial and verifiable progress in remedying their deficiencies…

FinCEN identifies $9B in Iranian shadow-banking activity in 2024, involving shell and front companies used to evade sanctions and finance illicit oil, trade, and weapons procurement networks

October 23, 2025

This activity was facilitated by a network of Iranian front companies, including shell companies, oil companies, and technology procurement firms, operating primarily in jurisdictions such as the UAE, Hong Kong, and Singapore. These entities engaged in transactions to evade sanctions, launder money, and fund Iran’s military and weapons programs, as well as its regional terrorist proxies…

Europol hosts From CLICK to CRIME: Investigating IP Crime in the Digital Age Conference, highlighting rising IP-crime risks on digital platforms and calling for global action against counterfeiting and piracy

October 23, 2025

The event convenes law-enforcement agencies, industry stakeholders and policymakers to dissect evolving threats such as counterfeit medicines, illegal streaming and malware-enabled piracy. It underscores the need for strengthened public-private collaboration, cross-border investigations and advanced digital tools to protect creative works and consumer safety in the online era…

EPPO arrests 37 suspects in Greece for orchestrating large-scale EU agricultural subsidy fraud and laundering the proceeds through complex financial networks

October 22, 2025

The investigation uncovered a sophisticated scheme in which the organised group allegedly falsified land and livestock data to obtain EU funds under the Common Agricultural Policy, generating substantial illicit profits. EPPO reports that the proceeds were laundered through layered transactions and fictitious invoicing structures designed to obscure their criminal origin.

EBA’s final report on AML/CFT colleges shows growing maturity and effectiveness in cross-border supervisory cooperation, with improved information-sharing though gaps remain in risk-based coordination

October 22, 2025

In its fifth and final report on the functioning of AML/CFT colleges, the EBA concludes that these permanent structures facilitated enhanced supervisory cooperation and information-sharing among competent authorities within the EU. However, the report also notes that many colleges have not yet fulfilled the objective of delivering coordinated responses to cross-entity anti-money-laundering and counter-financing-terrorism (AML/CFT) risks, especially in applying risk-based approaches and discussing common actions…

Swiss Federal Council issues consultation to revise the Financial Institutions Act to tighten oversight of stablecoins and crypto-assets while supporting innovation – feedback by 6 Feb 26 

October 22, 2025

The Swiss Federal Council has opened a public consultation lasting until 6 February 2026 on amendments to the Financial Institutions Act aimed at enhancing Switzerland’s framework for stablecoins and other crypto-assets. The proposed changes seek to strengthen the attractiveness of the Swiss financial centre and the integration of innovative financial technologies, while also mitigating risks to financial stability, integrity and consumer protection…

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