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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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UK Border Force seizes 15.6 tonnes of cocaine worth over £1BN between June and Aug 2025, as smugglers use ingenious methods like hiding drugs in cheese wheels to evade detection

October 9, 2025

One major seizure included 2.4 tonnes of cocaine valued at £100 million from a vessel at London Gateway. The operation, supported by the National Crime Agency and international partners, reflects enhanced intelligence sharing and detection capabilities to disrupt organised drug trafficking networks.

FinCEN issues answers on four FAQs clarifying SAR filing requirements, covering SAR structuring, ongoing activity reviews, and decisions when not to file

October 9, 2025

These FAQs address topics such as structuring SARs, conducting continuing activity reviews, and the decision-making process for not filing a SAR. The guidance aims to assist financial institutions in meeting their compliance obligations while enabling them to focus resources on activities that provide the greatest value to law enforcement agencies…

EBA publishes report on Tackling ML/TF risks in crypto-asset services, drawing on lessons from recent EU supervisory cases to guide authorities in strengthening oversight in this rapidly evolving sector

October 9, 2025

The report identifies significant AML/CFT vulnerabilities in the sector, examines strategies some crypto firms use to bypass supervision, and outlines safeguards introduced by MiCA and the revised AML/CFT framework. By consolidating these findings, the EBA aims to guide effective authorization, oversight, and compliance in the crypto sector, supporting the robust implementation of the new EU regulatory framework…

Singapore Police Force investigates 208 suspects, including money mules, involved in 650+ scams that laundered over SGD 8.2 million in illicit funds

October 9, 2025

These suspects—aged 15 to 77—are believed to have facilitated over 650 scam cases, enabling the laundering of illicit funds linked to e-commerce, job, investment, and impersonation scams, which defrauded victims of more than SGD 8.2 million. The police warned that allowing others to use one’s bank accounts or mobile…

Europol coordinates operations in Belgium, Italy, and Spain that dismantle a network responsible for stealing over 100 luxury hybrid cars and seizing forged documents, tools, cash, and cryptocurrencies

October 7, 2025

The investigation revealed a highly organised network using advanced technology to bypass vehicle security systems and forge ownership documents for resale. The coordinated action led to multiple arrests, asset seizures, and the disruption of a transnational criminal enterprise operating across several EU member states.

ESMA will hold its first Data Day on 2 Dec 2025 to show how smarter data use and digitalisation can simplify the regulatory framework, reduce reporting burdens – registration open until 20 Oct

October 7, 2025

This hybrid event aims to explore how intelligent data usage and digitalisation can streamline regulatory frameworks and alleviate reporting burdens without compromising oversight standards. The agenda includes discussions on simplifying compliance, reassessing regulatory requirements, leveraging technology for efficient data management, and examining future trends in data governance…

US FDIC and OCC propose a rule prohibiting supervisory actions based on reputation risk, ensuring institutions are not penalized for lawful activities or views – feedback by 6 Dec 2025

October 7, 2025

The proposed rule would prohibit these agencies from criticizing or taking adverse action against financial institutions based on reputation risk, and from instructing or encouraging institutions to close accounts or modify relationships due to a person or entity’s political, social, cultural, or religious views, or lawful business activities perceived as presenting reputation risk…

CoLP and Action Fraud warn of rising payment diversion fraud, where criminals pose as solicitors or estate agents to intercept property funds, reporting 143 cases and £11.7M in losses Apr 24 – Mar 25

October 7, 2025

The majority of these cases involved residential property transactions, with an average loss of £78,393 per case. Victims were predominantly individuals aged 30 to 49, and the fraud was reported across the UK, with higher volumes in London, Greater Manchester, West Yorkshire, Sussex, and Essex. The police urge anyone involved in property transactions to verify payment requests directly with trusted contacts…

EC’s publication on de-prioritising Level 2 acts in financial services legislation aims to reduce regulatory complexity and compliance costs, postponing non-essential acts until 1 Oct 2027

October 6, 2025

The delay reduces immediate regulatory burden but may slow the introduction of detailed AML/CFT guidance, requiring firms to rely on existing frameworks. It also allows financial institutions to focus resources on high-priority obligations while preparing for future Level 2 measures…

HMT publishes the G7 Cyber Expert Group’s AI and Cybersecurity Statement which urges jurisdictions to track AI developments, foster collaboration, and proactively tackle emerging cyber risks

October 6, 2025

While AI enhances resilience through advanced anomaly detection, fraud prevention, and predictive maintenance, it also introduces risks such as AI-driven phishing and automated exploit development. The Group urges jurisdictions to monitor AI developments, foster public-private-academic collaboration, and proactively address emerging cybersecurity challenges. This statement serves as a call to action for…

Europol’s Operation OPSON XIV seize €95M in counterfeit food and beverages, dismantle 74 illicit factories, and expose the ongoing global threat of food fraud

October 6, 2025

Europol’s Operation OPSON XIV, alongside INTERPOL and national authorities, seized €95 million in counterfeit and substandard food and beverages, dismantled 74 illicit factories, referred 631 individuals to judicial authorities, and exposed the persistent global threat of food fraud to public health.

FCA convicts an individual for running a £1.3M Ponzi scheme through the fraudulent Imperial Investment Fund, targeting 238 investors via Facebook with unrealistic returns

October 6, 2025

Operating from his Devon home, the perpetrator misled 238 investors by promising unrealistic returns of 1.4% daily, 7% weekly, or 350% annually, primarily through Facebook advertisements. Despite knowing the scheme was collapsing, he continued to recruit new investors…

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