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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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FCA’s Financial Crime Conference (May 2026) highlighted “dialling up” controls in high-risk areas and “dialling down” where governance is strong, focusing on AI, data quality, resilience and accountability

May 14, 2026

Key themes emerging from the FCA Financial Crime Conference included growing discussion around “dialling-up” controls, friction and human oversight where risks increase, while “dialling-down” may become possible where firms can demonstrate strong governance, effectiveness and oversight. Discussions also focused heavily on AI governance, explainability, operational resilience, data quality and increasing board accountability expectations…

ESAAMLG’s 2nd Enhanced Follow-Up Report on Angola notes improved prevention and supervision, but ongoing weaknesses in enforcement, investigations, prosecutions, and asset recovery

May 14, 2026

The report assesses Angola’s progress in resolving technical compliance shortcomings identified in its 2023 mutual evaluation, including reforms relating to preventive measures, supervision, and broader AML/CFT controls that supported several re-ratings. ESAAMLG also highlights ongoing concerns around operational effectiveness, risk-based supervision, investigations, prosecutions, and asset recovery, indicating that further institutional strengthening and implementation improvements remain necessary…

ESAAMLG 6th Enhanced Follow-Up Report on Malawi highlights stronger AML/CFT legal and cooperation frameworks, but persistent gaps in supervision, financial intelligence, and asset recovery

May 14, 2026

The report identifies progress across several FATF Recommendations, including enhancements to targeted financial sanctions, preventive measures, beneficial ownership requirements, and international cooperation mechanisms that resulted in technical compliance upgrades. ESAAMLG also highlights continuing concerns relating to operational capacity, risk-based supervision, use of financial intelligence, and the effectiveness of money laundering investigations, prosecutions, and confiscation measures, requiring further reforms and sustained monitoring…

ESAAMLG’s 6th Follow-Up Report on Mozambique shows progress in sanctions, cooperation, and BO, but continued weaknesses in enforcement and intelligence use

May 14, 2026

The report recognises progress in areas including targeted financial sanctions, preventive measures, beneficial ownership requirements, and international cooperation frameworks, leading to upgrades in several technical compliance ratings. ESAAMLG also identifies continuing concerns relating to risk-based supervision, operational capacity, financial intelligence use, and the effectiveness of money laundering investigations, prosecutions, and asset confiscation measures…

ESAAMLG’s 6th Enhanced Follow-Up Report on Seychelles notes improved compliance in BO and supervision, but effectiveness gaps in enforcement and risk-based implementation remain

May 14, 2026

The report recognises progress in areas including beneficial ownership transparency, targeted financial sanctions, preventive measures, and supervision of financial institutions and designated non-financial businesses and professions. ESAAMLG also identifies remaining shortcomings relating to implementation effectiveness, risk-based supervision, and operational outcomes in money laundering investigations, prosecutions, and asset recovery, requiring continued follow-up monitoring…

ESAAMLG’s 16th Enhanced Follow-Up Report on Uganda finds stronger sanctions and preventive measures but critical gaps in BO transparency, supervision, and ML enforcement

May 14, 2026

The report assesses Uganda’s progress against FATF Recommendations and notes improvements in areas including targeted financial sanctions, preventive measures, and international cooperation frameworks, resulting in several technical compliance upgrades. ESAAMLG also identifies continuing concerns relating to supervision of higher-risk sectors, beneficial ownership transparency, operational capacity, and the effectiveness of money laundering investigations, prosecutions, and asset recovery measures…

US Senate Banking Committee advances the bipartisan Digital Asset Market Clarity Act of 2025 in a 15–9 vote to establish clearer crypto market rules, strengthen safeguards, and curb illicit activity

May 14, 2026

After nearly a year of good-faith bipartisan negotiations, Senate Banking Committee Republicans and Democrats came together today to advance a comprehensive market structure bill that will establish America as the crypto capital of the world. The bill advanced out of committee today by a vote of 15-9 and now moves to the Senate floor…

FCA’s Chief Executive warns that AI-driven criminal activity is turning FC into a national security threat, accelerating the push for technology-driven enforcement and greater intelligence sharing

May 14, 2026

At the FCA Financial Crime Conference, Nikhil Rathi signalled a major shift in the FCA’s approach to FC, warning that AI-enabled, globally connected criminal networks are increasingly blending fraud, cybercrime, money laundering, sanctions evasion, and hostile-state activity at industrial scale, turning financial crime into a national security issue. The speech highlighted the FCA’s growing focus on intelligence-led supervision, AI-driven analytics, advanced surveillance tools, expanded public-private information sharing, and deeper international coordination…

AMLA launches public hearings to consult on 3 draft ITS to strengthen cooperation between FIUs, AMLA, and the EPPO through standardised SAR reporting and enhanced cross-border information-sharing

May 13, 2026

The proposals introduce standardised, machine-readable reporting templates for suspected crimes affecting the EU’s financial interests and new structured templates for FIU-to-FIU exchanges via FIU.net, with the aim of improving the speed, consistency, and effectiveness of cross-border AML/CFT investigations and enforcement across the EU…

AUSTRAC’s Updated Risk Snapshot 2026 flags a complex, tech-driven financial crime landscape where AI, crypto, and trade flows embed ML/TF and PF within legitimate systems

May 12, 2026

The update highlights that while traditional methods such as use of shell companies, trade-based money laundering, and structured cash flows remain prevalent, criminals are increasingly exploiting digital payment systems, virtual assets, online platforms, and faster cross-border value transfer mechanisms to move and disguise funds more efficiently. It also emphasises the growing role of emerging technologies such as artificial intelligence, which can be used to generate synthetic identities, fraudulent documentation, and scalable deception techniques…

AMLA takes major step towards becoming the EU’s Central AML supervisor by publishing a new reporting package to support the selection of FIs that will come under its direct supervision from 2028

May 12, 2026

The new package introduces standardised reporting templates, guidance on key risk indicators, and a harmonised assessment methodology for national supervisors to identify financial institutions eligible for direct AMLA supervision. From 2027, EU national authorities will submit data on eligible firms, which AMLA will assess based on factors including cross-border…

AUSTRAC’s Money Laundering Update 2026 outlines a more complex, tech-enabled laundering threat, where crypto, digital payments, and cross-border networks are fueling and masking illicit financial flows

May 12, 2026

The update identifies enduring laundering methods including cash structuring, professional facilitators, trade-based money laundering, and misuse of property and corporate vehicles, while highlighting how technology is accelerating identity fraud, document forgery, and transaction concealment. AUSTRAC also stresses that increasing convergence between money laundering, cybercrime, scams, and transnational organised crime is complicating risk detection and reinforcing the need for stronger intelligence sharing, risk-based controls, and cross-sector AML/CFT coordination…

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