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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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UNODC’s World Drug Report 2025 warns that global instability is fuelling the drug crisis, enabling organised crime to expand corruption, violence, and FC, with increasing links to ML and cybercrime

June 26, 2025

The report notes a growing overlap between drug trafficking and other illicit economies, including money laundering and cyber-enabled crime. Cross-border laundering of drug profits is becoming more sophisticated, placing additional strain on law enforcement and financial systems. UNODC calls for a coordinated global response that addresses not only drug supply and demand, but also the financial infrastructure that enables drug-linked crime to thrive…

MONEYVAL commends North Macedonia for major AML/CFT improvements in supervision and international cooperation, while highlighting enforcement and BO transparency as ongoing challenges

June 25, 2025

Latest follow-up report recognises North Macedonia’s substantial improvements in strengthening its anti-money laundering and counter-terrorist financing (AML/CFT) legal framework, supervisory practices, and international cooperation mechanisms. However, it also highlights persistent challenges, particularly in effective enforcement, beneficial ownership transparency, and the need for continued efforts to address identified gaps.

CPS secures conviction in £1.9M ML case linked to global romance scams, where a UK textile firm was used to conceal illicit funds through fake invoices from 2015 – 2017

June 25, 2025

The CPS and NCA investigation uncovered 77 victims who were manipulated into transferring money under false romantic pretences. Suleman was found guilty of money laundering and false accounting, with confiscation proceedings underway to recover criminal profits. Prosecutors described him as a financial enabler who kept the fraud network operational…

Europol dismantles a major crypto investment fraud ring in Spain, defrauding 5,000+ victims globally and laundering €460M through shell companies, crypto and banking channels

June 25, 2025

The operation, supported by authorities in France, Estonia, and the U.S., led to five arrests and uncovered the use of fake investment platforms and romance scams to lure victims. The group operated an elaborate laundering infrastructure involving cash withdrawals, international transfers, and crypto-to-fiat conversions. Europol deployed a crypto specialist to trace blockchain transactions and warned of the increasing threat posed by AI-driven fraud schemes…

Europol’s 2025 EU TE-SAT report warns of sharp rise in jihadist terrorism, growing threats from youth radicalisation and tech-driven tactics like AI propaganda, crypto-financing, and 3D-printed weapons

June 24, 2025

The 2025 EU Terrorism Situation & Trend Report (EU TE‑SAT) reveals that in 2024, the EU experienced 58 terrorist incidents, including 34 completed, 5 failed, and 19 foiled attacks, with jihadist incidents rising to 24, the most of any category…

 

FATF–MONEYVAL June 25 Plenary advances payment transparency, boosts financial inclusion, and delists Croatia, Mali, and Tanzania, while adding Bolivia and the UK Virgin Islands over AML/CFT gaps

June 24, 2025

The joint plenary advanced global efforts to combat financial crime by revising key standards, monitoring high-risk jurisdictions, and promoting financial inclusion. The meeting also reinforced protections for NPOs, confirmed Latvia’s evaluation under a new methodology, and underscored international cooperation against sanctions evasion and TF…

FCA, BoE, PRA, and PSR revise their MoU to strengthen coordination on payment systems, aligning with NPV and enhancing fraud and digital wallet oversight through clearer roles and data sharing

June 24, 2025

The updated MoU clarifies roles, embeds data sharing, and promotes joint supervision, particularly around issues like push payment fraud and digital wallets. It also prepares for the planned consolidation of the PSR into the FCA, ensuring a seamless transition while reinforcing oversight. The move signals a stronger, more unified approach to tackling fraud and safeguarding consumer trust in the evolving digital payments landscape…

UK Foreign Secretary David Lammy announces a global Summit on Countering Illicit Finance and Corruption in London, aiming to crack down on kleptocracy and drive dirty money out of the UK markets

June 24, 2025

He outlined a new doctrine of “progressive realism,” positioning Britain as a global leader in financial integrity and rule-based cooperation. Highlighting the City’s pivotal role in global tech and finance, he emphasized building new coalitions—including with the Global South—and using the UK’s financial and legal strength to tackle corruption, sanctions evasion, and geopolitical instability in a rapidly shifting world…

FATF’s updated Financial Inclusion guidance promotes a proportionate RBA to AML/CFT, boosting access for low-risk groups with digital ID solutions while protecting financial integrity

June 23, 2025

The guidance emphasizes that financial inclusion and anti-financial crime efforts are mutually reinforcing—greater access paired with robust oversight enhances transparency, deters criminal misuse of the financial system, and strengthens the effectiveness of AML/CFT/CPF measures. By supporting both regulatory integrity and financial access, the FATF aims to help jurisdictions and the private sector balance security with inclusion…

FATF Complex PF and Sanctions Evasion Schemes report exposes major gaps in tackling WMD financing, revealing evolving evasion tactics such as hidden BO, intermediaries, and maritime misuse

June 20, 2025

The report calls for stronger international cooperation, improved information sharing between public and private sectors, and unified definitions and assessments to better detect and disrupt these illicit networks. It also recommends ongoing reviews to identify best practices and enhance the global response to proliferation risks…

NCA UKFIU’s June 2025 SARs in Action highlights a modernised SARs regime handling 460K+ reports yearly, targeting crypto, green crime, and tech threats with improved tools and global collaboration

June 20, 2025

The edition introduces the SARs Digital Transformation Programme, designed to modernise the reporting system and enhance the quality of submissions through focused engagement with the private sector. It features real-life case studies demonstrating the operational value of SARs in uncovering crypto-related fraud, sanctions evasion, and trade-based money laundering, while updated guidance and typologies aim to equip reporters with the tools to identify and respond to emerging financial crime threats…

AUSTRAC’s 2nd AML/CTF consultation proposes adding targeted sanctions screening, requiring firms to adopt strong policies to prevent breaches and enforce asset freezes

June 20, 2025

By integrating sanctions compliance directly into AML/CTF obligations, these rules ensure a more cohesive approach to financial crime prevention. This not only helps close gaps where sanctioned parties might exploit weaknesses in existing controls but also reinforces AUSTRAC’s role in supervising and enforcing compliance. Ultimately, this shift supports Australia’s broader efforts to maintain the integrity of its financial system…

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