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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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CommBank and OpenAI embark on Australia-first strategic partnership to explore advanced generative AI solutions for stronger scam and fraud detection and enhanced personalised customer services

August 13, 2025

Under this agreement, CommBank engineers and OpenAI specialists will work together to integrate AI-driven solutions that enhance scam detection, monitor suspicious transactions, and deliver more personalized, secure services to customers. Employees will progressively gain access to enterprise-grade AI tools, including ChatGPT Enterprise, alongside comprehensive upskilling programs to ensure responsible and effective AI usage…

US DoJ targets 4 individuals and 13 Mexican companies linked to CJNG, a U.S.-designated Foreign Terrorist Organization, for scamming U.S. seniors through fraudulent timeshares

August 13, 2025

Through a series of new sanctions, the Treasury has revealed the methods the cartel uses to exploit U.S. victims, including older Americans, by employing call centers, fake brokers, and advance-fee schemes. The action designates four individuals and 13 companies connected to the network, effectively blocking their assets in the United States and prohibiting U.S. persons from engaging in transactions with them…

GI-TOC highlights that organised crime in South Caucasus is going transnational, exploiting trade routes, political tolerance, and digital tools to fuel sanctions evasion and global illicit networks

August 13, 2025

While Azerbaijan has largely absorbed criminal networks into the state apparatus, Georgia and Armenia see groups operating with tacit political tolerance. Thieves-in-law remain influential, maintaining international operations in extortion, illicit trade, and money laundering. Armenia and Georgia have emerged as hubs for Russian goods and sanctions evasion, while Azerbaijan facilitates Russo-Iranian commerce…

BIS Bulletin Aug 25 proposes a new AML model for cryptoassets, including stablecoins, by assigning each unit a compliance score based on its transaction history to track illicit activity

August 13, 2025

Recognizing the limitations of traditional AML methods in permissionless, decentralized networks, the BIS suggests leveraging blockchain transparency to gauge the risk each asset poses. These risk scores—ranging from “clean” to “tainted”—would be used at crypto-to-fiat conversion points (“off-ramps”) to block suspicious funds, thus fostering a duty-of-care culture among exchanges and issuers…

Europol dismantles a major Albanian crime network, arresting 10 and seizing millions in assets linked to cocaine trafficking and ML through luxury properties and businesses

August 12, 2025

Albanian authorities, with support from Europol and multiple EU law enforcement agencies, dismantled a transnational organised crime group involved in large-scale cocaine trafficking from Latin America to Europe and extensive money laundering. The operation, enabled by analysis of encrypted Sky ECC communications, resulted in 10 arrests and the seizure of millions of euros in criminal assets, including a tourist resort, high-value real estate, vehicles, and business interests linked to the network’s leadership…

Europol takes down cross-border illegal fishing ring, seizing 7+ tonnes of unsafe Japanese clams worth €150K from a €2.5M-a-week trade laundered through luxury cars

August 12, 2025

In a joint operation, Spanish and Portuguese authorities, supported by Europol, dismantled an organised network engaged in the illegal harvesting and distribution of Japanese clams unfit for human consumption, seizing over seven tonnes of the product. The investigation led to 11 arrests and uncovered illicit proceeds exceeding €1.6 million in 2025, highlighting the convergence of food fraud and organised financial crime…

INTERPOL hosts Youth Cybercrime Awareness Webinar engaging 800+ participants across Asia-Pacific, providing expert guidance on online safety, emerging cyber threats, and responsible digital behavior

August 12, 2025

Discussions highlighted the increasing targeting of youth by cybercriminals offering fraudulent scholarships, gaming rewards, and job opportunities, often facilitated by sophisticated generative artificial intelligence tools like deepfakes. Participants were encouraged to adopt critical thinking, utilize privacy settings, maintain strong passwords, and report suspicious activities to enhance their online security…

Uruguay launches its 2025-2030 National Strategy to combat ML/TF and weapons proliferation, targeting drug trafficking, corruption, and high-risk sectors like soccer player transfers

August 12, 2025

The plan aims to strengthen legal frameworks, enhance institutional coordination, and improve enforcement mechanisms. A key component is the Integrated System for Combating Organized Crime and Drug Trafficking (SILCON), which facilitates real-time intelligence sharing among agencies. The strategy also focuses on sectors vulnerable to money laundering, including real estate and professional sports…

Canada’s Federal Police indict four men in a CAD 1M casino ATM fraud scheme, while a fifth faces drug trafficking after evidence of fraud, ML, and cocaine was found

August 11, 2025

The investigation uncovered coordinated high-value cash withdrawals designed to exploit financial institutions while evading detection, resulting in losses exceeding $1 million. Law enforcement executed multiple search warrants that revealed not only evidence of fraud and money laundering but also drug trafficking activity linked to one of the suspects. This case highlights the evolving methods criminals are employing in casino-based…

US DoJ leads international takedown of BlackSuit (Royal) ransomware, seizing $1.09M in cryptocurrency and highlighting coordinated cross-border efforts to dismantle global cybercrime

August 11, 2025

This coordinated effort involved multiple U.S. agencies, including Homeland Security Investigations (HSI), the Secret Service, IRS Criminal Investigation, and the FBI, alongside law enforcement partners from the U.K., Germany, Ireland, France, Canada, Ukraine, and Lithuania. The operation included the takedown of four servers and nine domains used to deploy ransomware, extort victims, and launder illicit proceeds…

UK-French Joint Intelligence Cell disrupts 52 organised smuggling gangs and secure 300+ arrests since 2020, targeting networks behind small boat crossings

August 10, 2025

UK officers alongside French counterparts in the Joint Intelligence Cell (JIC/URO), the unit has facilitated rapid intelligence sharing, leading to the dismantling of at least 52 organised immigration crime gangs and the arrest of more than 300 suspected facilitators since its inception in 2020. Beyond targeting individuals, the unit focuses on the operational and financial infrastructure of smuggling networks, intercepting boats…

US DoJ extradites 4 Ghanaian nationals linked to a criminal network that defrauded $100M+ from U.S. victims through romance scams and business email fraud

August 8, 2025

The extraditions, carried out with the cooperation of Ghanaian authorities, highlight the growing sophistication of transnational cyberfraud operations and the complex legal and diplomatic processes required to bring perpetrators to justice. According to prosecutors, the suspects orchestrated scams targeting both vulnerable individuals and businesses, using fake online identities to manipulate victims into transferring funds and laundering…

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