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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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NCA’s UKFIU SARs Booklet Nov 25 shows how high-quality SARs and DAMLs helped law enforcement seize millions, including £2M from organised crime, £1.2M from money-mule activity, and £850K from fraud

November 5, 2025

Case studies illustrate how timely and detailed DAML SARs have directly supported account freezing orders and asset forfeiture actions across multiple money-laundering and fraud investigations. They highlight recurring typologies — such as unexplained international transfers, excessive cash deposits, layering through linked companies, and suspected money-mule activity — and demonstrate how robust reporting enables law enforcement to trace, restrain and recover criminal proceeds…

MAS’s Financial Stability Review 2025 flags rising cyber, AI-driven, and cross-border financial-crime risks, urging stronger governance and tougher system resilience across FIs

November 5, 2025

The review highlights growing risks from technology-enabled threats—particularly cyberattacks, data breaches, and the misuse of advanced technologies such as AI—while emphasising that strong governance, resilient systems, and enhanced supervisory oversight are essential to prevent exploitation of the financial system. It also flags concerns around cross-border illicit flows, fraud, and vulnerabilities arising…

Europol, with Eurojust, leads a cross-border crackdown on 3 major credit card fraud networks, targeting 4.3M cardholders and €300M in losses, resulting in 18 arrests and major asset seizures

November 5, 2025

Between 2016 and 2021, the criminals used the stolen card data to create about 19 million fake online subscriptions (for pornography, dating, and streaming sites), deliberately keeping charges low (~€50/month) and using vague transaction descriptions to avoid detection. Five executives from four German payment‑service providers allegedly colluded with the fraudsters, while shell companies in the UK and Cyprus…

Companies House’s 2024-25 Annual Report highlights major progress in gatekeeping, better data integrity, stronger enforcement, and upgraded digital services under new economic crime powers

November 4, 2025

The report details delivery of new powers under the Economic Crime and Corporate Transparency Act, expanded identity verification, and enhanced data quality measures to improve register integrity. It also notes rising enforcement referrals, significant digital transformation, and continued efficiency gains as Companies House positions itself as a proactive gatekeeper against corporate misuse…

FATF publishes its 2025 Asset Recovery Guidance and Best Practices, providing strategies/case studies to strengthen the tracing, freezing, and confiscation of criminal assets while protecting victims rights

November 4, 2025

It covers the full asset recovery lifecycle from investigation to management and return of assets emphasizing specialized units, inter-agency coordination, access to beneficial ownership data, and robust international cooperation through formal and informal channels. The guidance balances effective recovery with due process, proportionality, and protection of third-party rights, while promoting the use of recovered assets to compensate victims or benefit communities…

FINTRAC and GRI’s FIFAI II forum brought together Canadian financial leaders to tackle how AI is revolutionising financial crime detection, data integrity, talent, and regulatory compliance

November 3, 2025

The interim report summarises key discussions from the October 1, 2025 session co-hosted by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and GRI, which explored emerging risks such as AI-enhanced fraud, data manipulation, proliferation of threat-actor capabilities, and regulatory gaps in Canada’s financial-crime ecosystem. It also outlines strategic opportunities identified…

FINTRAC’s P2P Information Sharing guidance allows reporting entities to share personal data without consent under an approved code of practice to enhance ML/TF and sanctions-evasion detection 

November 3, 2025

This information sharing is governed by an approved code of practice, submitted to FINTRAC and the Privacy Commissioner, which sets out the types of data that can be shared, secure methods for transmission, and safeguards including access controls, encryption, breach response, and data retention policies. Exchanges can only occur between entities within the same approved code, which must be renewed or updated at least every five years, enabling organizations to gain a fuller picture of client activity and more effectively identify suspicious behaviour…

FCA reviews consolidation in the advice and wealth-management sector, stressing sustainable growth and consumer protection while warning that rapid M&A must not dilute governance or AML controls

October 31, 2025

The review highlights risks arising from debt-fuelled acquisition strategies, integration challenges and uneven control frameworks, noting that firms must demonstrate credible plans to maintain service quality and regulatory compliance as they scale. It also emphasises that governance, systems and oversight must evolve in step with expansion to safeguard consumers and uphold regulatory obligations, including effective financial-crime risk management.

FATF will host a webinar on Promoting Financial Inclusion through a Risk-Based Approach to AML/CFT on 19 Nov 2025, exploring how a risk-based approach can expand access while combating FC

October 31, 2025

The session will include case studies, practical implementation ideas, and discussions on challenges that supervisors and financial institutions face while balancing inclusion and anti‑crime protections. FATF experts, private sector participants, and financial inclusion stakeholders will share insights, and participants can submit questions in advance…

FINTRAC’s 2024–25 Annual report highlights record financial intelligence disclosures, major drug and crime seizures, risk-based regulatory actions, and cutting-edge AI and global collaboration to combat FC

October 30, 2025

FINTRAC’s Annual Report 2024 – 25: Safe Canadians, Secure Economy details the agency’s expanded contribution to federal efforts targeting the illicit-opioid crisis, including over 100 actionable law-enforcement disclosures between November 2024 and March 2025 related to illicit-opioid networks. The report also underscores the centre’s broader operational impact in supporting investigations into money-laundering…

SRA’s 2024–25 AML Annual Report exposes widespread weaknesses in law firms’ risk assessments and AML controls, calling for urgent, risk-based action and stronger oversight

October 30, 2025

The report indicates a marked increase in supervisory interventions—covering inspections, file reviews and enforcement actions—as the SRA addresses persistent weaknesses in firm-wide risk assessments, client and matter-level risk evaluations, source-of-funds checks and sanctions compliance. It further emphasises emerging threats in conveyancing, technology risk (including AI) and supply-chain complexity, underscoring the need for firms to evolve controls proportionately as regulatory expectations rise…

GFI’s 2025 report Shadow Figures: Transnational Crime, estimates US$16 trillion in annual illicit flows mainly from cybercrime, revealing data gaps, impacts on developing countries, and need for urgent global action

October 28, 2025

The report estimates that revenues from ten major transnational crimes including drug trafficking, counterfeiting, human trafficking, illegal logging and mining, illegal fishing, wildlife trafficking, small arms trafficking, oil theft, cultural‑property trafficking, and especially cyber‑crime, range between US$ 12.30 trillion and US$ 16.21 trillion annually…

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