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

UBS AG settles long-standing French tax evasion case, agreeing to pay €835M including a €730M fine – over unlawful cross-border client solicitations between 2004 and 2012

September 23, 2025

This settlement addresses allegations related to UBS’s involvement in assisting clients with tax evasion through the use of offshore accounts. The resolution marks a significant step in concluding this legacy issue, allowing UBS to move forward with its operations in France…

EU Supervisors warn financial institutions to stay vigilant as geopolitical tensions, trade disruptions, cyber threats, and rising crypto-asset risks threaten market stability

September 19, 2025

The Autumn 2025 Joint Committee Report highlights that escalating geopolitical tensions, trade disruptions, and currency volatility are reshaping the risk landscape and demanding increased vigilance from financial institutions. While the EU financial system demonstrates resilience—through strong bank profitability, insurer solvency, and pension fund funding—the supervisors urge firms to embed geopolitical and cyber risk assessments…

US Treasury seeks public comments on implementing the GENIUS Act to regulate stablecoins while addressing potential illicit finance risks – with comments due by 20 Oct 2025

September 19, 2025

The GENIUS Act mandates the Treasury to develop regulations that foster innovation in payment stablecoins while mitigating potential illicit finance risks. The ANPRM invites public input, including data and information, to inform the development of these regulations. Comments are due by October 20, 2025…

FinCEN issues a notice proposing to postpone the effective date of its final AML and SAR filing rule for Investment Advisers, from 1 Jan 2026 to 1 Jan 2028

September 19, 2025

This follows an exemptive relief order issued on August 5, 2025, aimed at giving the investment adviser industry additional time to prepare for compliance with the AML rule…

FCA’s consultation paper proposes minimum standards for crypto firms to promote good business practices, enhance consumer protection – feedback due 12 Nov 2025

September 17, 2025

The consultation seeks to gather stakeholder feedback on how crypto firms can align with robust operational and governance practices, ensuring accountability and ethical business conduct. It also explores extending regulatory expectations, such as the Consumer Duty, to digital asset services to strengthen investor protection and complaint handling…

US FINRA launches Crypto and Blockchain Education Program to equip member firms, aiming to bridge knowledge gaps, enhance compliance, and strengthen crypto fraud detection

September 16, 2025

As member firms increasingly engage with crypto assets and blockchains, the e-learning program will broaden industry knowledge and empower compliance professionals to combat crypto-related fraud. The program features application-based activities, scenarios, and self-assessment quizzes and covers a wide range of concepts, from basic terminology to fraud typologies and business activity considerations…

AUSTRAC urges FIs to flag suspicious small transactions linked to child sexual exploitation in high-risk areas to help prevent and disrupt abuse

September 16, 2025

Such transactions often involve low-value payments, typically between $15 and $500, sent to high-risk jurisdictions like the Philippines, Thailand, or Mexico, and may show patterns such as frequent small transfers or links to known exploitative entities. The agency emphasizes the importance of reporting suspicious matter reports (SMRs), international funds transfer instructions (IFTIs), and cryptocurrency….

INTERPOL’s Operation Lionfish-Mayag III drives a record-breaking crackdown on drug trafficking, seizing 76 tonnes of synthetic drugs worth $6.5BN across Asia and North America

September 16, 2025

Authorities made 386 arrests, including a suspect under a Red Notice for large-scale meth smuggling. Highlights included India dismantling the darknet syndicate “Ketamelon,” Myanmar seizing heroin hidden in pineapples and over 9 million yaba pills, and Lao PDR confiscating 3.9 tonnes of methamphetamine, underscoring the global scale and sophistication of synthetic drug trafficking networks…

FATF, Egmont Group, INTERPOL, and UNODC launch Handbook on ‘International Cooperation against ML’, providing essential tools to help countries speed up detection, investigation, and prosecution

September 15, 2025

Using survey input from 106 jurisdictions, it identifies legal, operational, and technological obstacles—differences in legal systems, resource constraints, varying powers of authorities, and delays in mutual legal assistance—and proposes best practices such as standardisation of requests, feedback loops, domestic coordination, leveraging digital tools, and joint analysis/investigations…

SWIFT with 13 global banks develop AI-powered tools to share fraud intelligence securely across borders, doubling real-time detection and providing a blueprint for global FC prevention

September 15, 2025

The trials, involving over 10 million test transactions, demonstrated the effectiveness of privacy-enhancing technologies (PETs) in facilitating secure data sharing among institutions. In one use case, the PETs enabled participants to verify intelligence on suspicious accounts in real-time, a development which could speed up the time taken to identify complex international financial crime networks and avoid fraudulent…

OFSI provides guidance to UK persons and entities that are required to report frozen assets of designated individuals by 30 September 2025

September 11, 2025

The notice aims to ensure comprehensive visibility of assets subject to UK financial sanctions, strengthening oversight and enforcement of restrictive measures. It also reinforces ongoing obligations to freeze, not deal with, and promptly report designated persons’ funds or economic resources to safeguard the integrity of the sanctions regime.

Eurojust’s report on Cumulative prosecutions of foreign terrorist fighters (FTFs) urges states to charge both terrorism and core international crimes together to ensure full accountability and justice

September 11, 2025

The report highlights the role of networks and joint investigation teams in strengthening cross-border cooperation, evidence collection, and victim protection. It also underscores the legal and practical advantages of cumulative charges, while acknowledging the challenges of capacity, coordination, and expertise across jurisdictions…

No results found.