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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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HM Treasury publishes 2023-24 AML/CTF supervision report emphasising stricter oversight for high-risk sectors, gaps in supervision and BO transparency, and a risk-based enforcement strategy

April 1, 2025

The report outlines the activities of AML/CFT supervisors, covering data on supervisory and enforcement actions from both Public Sector and Professional Body Supervisors, highlighting key changes and fines issued. It introduces new metrics, detailing the training and guidance provided to firms, as well as trends in enforcement actions…

Eurojust cracks down on Ndrangheta mafia network operating across Germany and Italy, involved in massive fraudulent food trade, drug trafficking, tax evasion, and ML scheme

April 1, 2025

The organised crime group (OCG) is suspected to have carried out several crimes throughout Italy and Germany, but mostly around the Stuttgart area. The crimes they are being investigated for include the formation and support of a foreign criminal organisation, arson, disclosure of confidential information, drug trafficking, money laundering and attempted manslaughter…

FinCEN issues an Advisory to help FIs detect and report ISIS-related suspicious activity, outlining funding methods, money transfer typologies, and red flags tied to the group

April 1, 2025

The key updates in this advisory include specific red flags related to suspicious activity and methodologies used by ISIS to transfer funds, including the movement of money between affiliates across borders. It also highlights ISIS’s efforts to leverage sympathizers worldwide to support its operations. This advisory builds on years of Treasury-led efforts to disrupt ISIS’s financial networks and is aligned with the U.S. government’s broader strategy…

US DoS’s 2025 INCSR report flags global ML risks, noting progress in crypto regulation and ownership transparency, but warns that corruption and weak oversight continue to drive illicit finance

March 31, 2025

The 2025 INCSR report highlights global progress and setbacks in combating narcotics-linked money laundering, with several countries enacting legislative reforms and bolstering transparency, especially in beneficial ownership and virtual assets oversight. However, corruption, weak institutions, and offshore secrecy still enable illicit finance, requiring stronger enforcement and international cooperation to counter evolving laundering threats…

FinCEN warns that Mexico-based cartels are smuggling bulk cash across the U.S. border to launder illicit funds, urging FIs to detect and report suspicious activity

March 31, 2025

The alert outlines red flags, reporting duties, and aligns with broader U.S. efforts to disrupt TCO revenue streams under EO 14157 and national AML/CFT priorities…

NCA’s 2024/25 Annual Plan prioritises tackling serious and organised crime, drug trafficking, immigration crime, and online fraud, while strengthening global cooperation

March 31, 2025

The NCA’s Annual Plan for 2024-2025 focuses on tackling the evolving threat of serious and organised crime, particularly in the digital space. With a focus on reducing harm, improving defenses, and dismantling criminal groups, key priorities include disrupting drugs, organised immigration crime, and online fraud…

UK Govt hosts a global summit on organised immigration crime, securing international cooperation and pledging over £30m to strengthen border security and disrupt smuggling networks

March 31, 2025

Key outcomes include international agreements to disrupt criminal networks, joint initiatives with France to tackle irregular migration at its source, and a £30 million UK funding package for security projects across Europe, Asia, and Africa. The summit also emphasized intelligence sharing, tackling online facilitation of OIC, and educating vulnerable communities on migration risks…

AUSTRAC releases new e-learning module on Quality Reporting: Threshold Transaction Reports to enhance reporting accuracy and strengthen AML/CTF compliance

March 31, 2025

This module will help you submit good-quality threshold transaction reports, adhere to best practice and avoid common mistakes. It joins the existing AUSTRAC e-learning suite, designed to increase your understanding of AML/CTF regulations and your compliance obligations…

AUSTRAC warns Crypto ATM providers over weak AML/CTF controls and inadequate due diligence checks, citing growing risks of ML and fraud linked to their use

March 31, 2025

In December, AUSTRAC CEO Brendan Thomas launched an internal taskforce to tackle money laundering and terrorism financing risks linked to crypto ATMs. The taskforce has since engaged with businesses, uncovering concerning trends and potential links to scams and fraud…

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…

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