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

NCA’s Annual SARs report shows a 1.5% rise in submissions to 827,048, £240.1m denied via DAML requests, a 19% increase in DAFT SARs – underlining the need for accurate, high-quality reporting

March 28, 2025

The introduction of a higher DAML threshold and the new SARs Digital Service is improving operational efficiency, enabling law enforcement to more effectively tackle money laundering and related criminal activity. The UKFIU’s SARs Annual Report also highlights improvements in SARs reporting quality and the positive impact of recent technological advancements…

MAS proposes a regulatory framework for Single-Currency Stablecoins (SCS), focusing on reserve backing, capital requirements, and transparency, aligned with global cryptoasset standards

March 27, 2025

MAS consults on regulatory measures for stablecoins, emphasizing reserve asset quality, due diligence, and risk management, particularly for Group 1b cryptoassets. The consultation also proposes restrictions on retail investor access to AT1 and Tier 2 capital instruments, alongside amendments to relevant MAS Notices, aligning with global prudential standards for cryptoasset exposures.

Europol and EUDA warn of growing MDMA (ecstasy) trade in Europe, highlighting global, environmental, and security risks, and urging swift cross-border action to combat the drug threat

March 27, 2025

The Europol-EUDA report highlights rising global demand, challenges in controlling precursor chemicals, and the need for stronger EU-wide intelligence, international cooperation, and public health responses to counter the MDMA threat…

HM Treasury advises UK-regulated firms to apply EDD and ongoing monitoring to any business relationship or transaction involving High-Risk Third Countries, in line with FATF’s revised lists

March 27, 2025

UK firms must apply enhanced due diligence and ongoing monitoring to all customers and transactions linked to high-risk third countries, tailoring the intensity based on risk factors and FATF findings. Additionally, group-wide controls require branches and subsidiaries in weaker AML jurisdictions to implement UK-equivalent measures to ensure consistent compliance…

UK Govt releases updated guidance on Modern Slavery Act reporting requirements

March 27, 2025

This guidance highlights the growing scrutiny of corporate responsibility in preventing modern slavery, especially in complex global supply chains. The guidance is a crucial tool for businesses striving to mitigate risks linked to human trafficking and forced labour…

FFIS’s report (Mar 25) highlights a global shift in private sector collaboration in combating economic crime, while raising concerns about data privacy, gaps, and financial exclusion

March 27, 2025

New laws across key jurisdictions are driving P2P information sharing to boost financial crime detection—while raising concerns over data privacy, regulatory gaps, and risks of financial exclusion from shared risk insights…

 

Saudi Arabia enforces new UBO rules from 3 Apr 25, requiring most companies to disclose their UBOs to combat financial crime, bolster AML efforts, and align with global standards

March 26, 2025

Saudi Arabia is taking a significant step towards enhancing corporate transparency with the introduction of new Ultimate Beneficial Ownership (UBO) Rules. Effective from April 3, 2025, these rules mandate most companies to disclose their UBOs to the Ministry of Commerce…

EBA’s Consumer Trends Report 2024/25 highlights retail payment fraud as a growing concern, with rising consumer debt and de-risking identified as key financial challenges

March 26, 2025

Fraudsters are exploiting social engineering tactics to bypass security measures, while inadequate credit assessments contribute to growing debt levels, and more consumers face difficulties accessing banking services…

Nasdaq’s 2024 Global Financial Crime Report reveals $3.1 trillion in illicit funds surged through the global financial system in 2023, financing ML, human and drug trafficking, and terrorism

March 25, 2025

This included money laundering funding crimes such as human trafficking ($346.7B), drug trafficking ($782.9B), and terrorism ($11.5B). Additionally, fraud and bank fraud schemes resulted in projected global losses of $485.6 billion. These figures underscore the significant human and financial impacts of financial crime…

FCA’s 5-year strategy envisions a trusted, innovative sector through smarter regulation, tech-led financial crime prevention, high-growth support, stronger Consumer Duty and global expansion

March 25, 2025

Key financial crime highlights include the persistent rise in payment fraud, particularly social engineering scams that bypass strong authentication measures…

INTERPOL’s Operation Red Card busts major cyber-fraud networks across Africa, exposing banking, investment, and msg app scams, and revealing links to human trafficking and digital asset laundering

March 24, 2025

Interpol is not only broadening its focus on cyber-enabled financial scams but also taking decisive action through a coordinated, international investigation. It highlights the significance of dismantling cybercrime networks that exploit financial systems and digital platforms. The inclusion of “cross-border” emphasizes the international nature of the operation, reinforcing the global effort to combat financial crime…

FinCEN’s interim rule limits BOI reporting under the Corporate Transparency Act to foreign companies, exempting US entities

March 21, 2025

FinCEN seeks comments on interim final rule, which narrows BOI reporting under the Corporate Transparency Act, exempting U.S. entities from disclosure while maintaining requirements for foreign reporting companies with extended compliance deadlines. The rule also removes the obligation for foreign firms to report U.S. beneficial owners, streamlining compliance…

 

 

No results found.