Our extensive knowledge at your fingertips
United Kingdom
This section covers AML/CTF initiatives by FCA, HMT, HMRC, JMLSG and other related UK organisations.
FCA Financial Crime: Guide for firms
HM Treasury Money Laundering Prevention
HMRC Money Laundering Regulations
JMLSG industry Guidance
FATCA UK Regulations 2013
FATCA UK Regulations Guidance 2013
Gambling Commission Money Laundering
National Crime Agency updates
And many more…
Sections
Latest editions
Search
Topics
- Topics
- Accountability
- AML/CTF
- AML/CTF compliance programme
- Anti-corruption
- Artificial intelligence
- Asset Recovery
- Beneficial Ownership
- Biodiversity
- Blockchain
- Bribery & Corruption
- Bribes
- CDD
- Complex structures
- Confiscation & Freezing
- conflict minerals
- Conflict of Interest
- Correspondent Banking
- Corruption
- Counterfeiting
- Crime
- Cross-border finance
- Cryptoassets
- Cryptocurrencies
- Cybercrime
- Data Protection
- Deepfakes
- Democracy
- Digital assets
- Digitalisation
- Drug Trafficking
- EDD
- Enforcement
- Environmental crime
- ESG
- Ethics
- EU ML Directive
- FCPA
- Financial Crime
- Financial Inclusion & Literacy
- Financial Sanctions
- Fines & Enforcements
- FinTech
- FIU
- Fraud
- Gambling
- Greenwashing
- Human Rights
- Human Trafficking
- Illicit Finance
- Illicit Trafficking
- Information Sharing
- Integrity
- Intellectual property
- Investigations
- kleptocracy
- KYC
- Land justice
- Machine Learning
- Modern Slavery
- Money Laundering (ML)
- NPOs
- Offshore
- Onboarding
- Organised crime
- Other
- Payments
- PEPs
- Proliferation
- Proliferation of WMD
- Public Officials
- Ransomware
- RegTech
- Risk
- Sanctions
- Senior Managers & Certification Regime (SMCR)
- Shell Companies
- Source of wealth & funds
- Stablecoins
- Supervision
- Suspicious Activity Reports (SARs)
- Suspicious Transaction Reports (STRs)
- Tax
- Tax Evasion
- Technology
- Terrorist Financing
- Trade Finance
- Trafficking
- Transaction Monitoring
- Transfers
- Transnational crime
- Transparency
- Travel
- Unexplained Wealth Order
- Virtual Assets
- Virtual currencies
- Whistleblowing
- Wildlife crime
Industry
Organisation
- Organisation
- ABA
- AFME
- Afripol
- AMLA
- AMLP
- APPG
- ASC
- Asia Pacific Group on Money Laundering
- Atlantic Council
- AUSTRAC
- B20
- BAFIN
- BAFM
- Bank of England
- Basel
- BGC
- BIS
- BMA
- CBUAE
- CCAF
- CFATF
- Charity Commission
- Chatham House
- City of London Police
- CMA
- Companies House
- Corruption Watch
- Council of Europe
- Council of the EU
- CPA
- CPS
- CSSF
- DEA
- Department of Business
- DIT
- DRCF
- EBA
- EBF
- ECB
- EFCC
- EGBA
- Egmont Group
- EPPO
- ESA
- ESAAMLG
- ESMA
- EUDA
- Eurojust
- European Anti-Fraud Office (OLAF)
- European Commission
- European Council
- European Parliament
- European Union (EU)
- Europol
- FATF
- FBI
- FCA
- FCDO
- FCO
- FDIC
- Federal Reserve
- Fenergo
- FFIS
- FIAU
- FinCEN
- FINMA
- FINRA
- FINTRAC
- FIU
- FIU-IND
- FSA / FCA
- FSB
- FSC
- FSMA
- G20
- G7
- GAFILAT
- Gambling Commission
- GCFCC
- GFI
- GI-TOC
- GIABA
- Global Initiative
- Global Integrity
- Global Witness
- GRECO
- GRETA
- HKMA
- HKSFC
- HM Treasury
- HMCPSI
- HMRC
- Home Office
- House of Commons
- House of Lords
- ICAEW
- ICC
- ICE
- ICIJ
- ICO
- IDB
- IMF
- IMLIT
- Insurance Europe
- Interpol
- IOM FSA
- ISO
- J5
- JFSC
- JMLSG
- Law Commission
- Law Society
- MAS
- MENAFATF
- Met Police
- MONEYVAL
- NAO
- NASC
- NCA
- NECC
- NED
- Netherlands FIOD
- Nice Actimize
- NYDFS
- OAG
- OCC
- OCCRP
- OECD
- OFAC
- OFSI
- OLAF
- OPBAS
- OSCE
- Other
- OTSI
- PNF
- PRA
- project CRAAFT
- PSR
- RBI
- RUSI
- Sayari
- SEBI
- SEC
- SEPA
- SFO
- Singapore Police Force
- Spotlight on corruption
- SRA
- Swiss OAG
- Tax Justice Network
- TFG
- TRACE
- TRACFIN
- Traffic
- Transparency International
- TRNC
- TRP
- UK Border Force
- UK Finance
- UK Govt
- UKACC
- UN
- UNODC
- US BIS
- US DEA
- Us DoC
- US DoJ
- US DoS
- US Govt
- US Sec
- US Senate
- US Treasury
- USAID
- VISA
- Wall Street Journal
- WCO
- White House
- Wolfsberg
- World Bank
Jurisdiction
- Jurisdiction
- Afghanistan
- Andorra
- Asia
- Australia
- Austria
- Belarus
- Belgium
- Berlin
- Bermuda
- Botswana
- Brazil
- Bulgaria
- Canada
- Cayman Islands
- China
- Colombia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- EU
- Finland
- France
- Germany
- Ghana
- Gibraltar
- Global
- Greece
- Guernsey
- Hong Kong
- India
- Iran
- Ireland
- Isle of Man
- Israel
- Japan
- Jersey
- Kenya
- Lithuania
- Malaysia
- Malta
- Mauritiania
- Mexico
- Middle East
- Monaco
- Myanmar
- Netherlands
- New Zealand
- Nigeria
- North Korea
- Norway
- Other
- Poland
- Romania
- Russia
- San Marino
- Singapore
- Slovakia
- Slovenia
- South Africa
- Spain
- Sudan
- Sweden
- Switzerland
- Turkey
- UAE
- UK
- Ukraine
- Uruguay
- US
- Venezuela
- Vietnam
NCA charges man after Border Force officers at Heathrow Airport seizes £1m in suspected illicit cash linked to criminal activity, intercepting him before his flight to Beirut
Serious and organised crime in the UK is often driven by financial gain. Border Force’s £1M cash seizure at Heathrow, due to officers’ vigilance, has triggered an NCA investigation. Authorities remain committed to disrupting criminal networks and safeguarding the public…
Companies House launches ACSP registration to strengthen AML oversight, enforce ID checks, and close financial crime loopholes in the UK
The new Authorised Corporate Service Provider (ACSP) registration service is being launched under the Economic Crime and Corporate Transparency Act, requiring third-party agents to verify identities and register for enhanced oversight in the UK’s business landscape.
UKFIU SARs reporter booklet highlights £190K fraud case, alongside case studies on shell companies, VAT fraud, illicit crypto transfers, ML through gambling, and misuse of public funds
A financial institution flagged a high-turnover business account with £10M in annual transactions, including a £50,000 fraud-linked transfer and crypto payments. A DAML SAR was submitted to exit the relationship, but the UKFIU refused and escalated it to law enforcement. Investigators uncovered a larger fraud network, enabling multi-agency intelligence sharing…
FCA declines Zeux Limited’s registration as a cryptoasset exchange provider, citing inadequate AML controls and ineffective risk management
The FCA found weaknesses in Zeux’s Business-Wide Risk Assessment, including inadequate customer risk analysis, failure to assess geographic risks, and missing controls for crypto transactions. Zeux’s incomplete risk framework raises concerns over its ability to detect illicit finance, posing a regulatory hurdle for its operations in the UK.
The Law Society Gazette reports that Simpson Thacher & Bartlett was fined £300K for historical AML breaches, including failures in risk assessments and compliance policies
The firm was alleged to have failed to have, in compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, to carry out a firm-wide risk assessment between June 2017 and March 2020, and, between June 2017 and January 2023, failed to have in place fully compliant policies, controls or procedures…
FCA accelerates investigations, drops public interest transparency proposal amid industry concerns
The FCA is ramping up enforcement, improving investigation speed, and refining transparency measures. While dropping its proposal to shift from an “exceptional circumstances” test to a “public interest” test for announcing investigations into regulated firms, it will move forward with widely supported changes—confirming public-domain cases, increasing disclosures on unregulated firms’ misconduct, and publishing anonymised investigation details.
OFSI updates Financial sanctions guidance for High-Value Dealers & Art Market Participants to strengthen compliance, raise awareness and address potential enforcement gaps
Individuals and firms must ensure that firms in these sectors are fully prepared for the new reporting requirements, which will enhance compliance and minimize the risk of regulatory breaches…
FCA expands the APP fraud synthetic dataset, with new scam types, enhanced consumer profiles & advanced insights to boost fraud detection and compliance
With £485 m lost to APP fraud in 2022, these updates provide individuals with stronger data to develop fraud detection models and strengthen compliance efforts…
UK Govt to abolish the Payment Systems Regulator, shifting its oversight to the FCA to streamline financial oversight, reduce regulatory burdens, and enhance payments efficiency
The move signals a shift in regulatory oversight for payment systems, impacting firms handling Faster Payments and Mastercard transactions…
CPS convicts four individuals for laundering £266m in criminal proceeds through a gold dealership – NatWest was fined for it
Cash couriers delivered large sums of illicit money in sports bags and holdalls to business addresses managed by the defendants. The money was counted on-site using specialist machines and then sent via G4S or the Post Office to NatWest for deposit into Fowler Oldfield’s account. This operation was used to launder criminal proceeds…
NCA Operation Venetic jails two for £190m cocaine trafficking, laundering illicit profits through famous ‘Hatton Garden’ gold merchant
The pair used the encrypted communications platform EncroChat to discuss their offending, with Byrne using the handles ‘slickvalley’ and ‘officialcleaner’ and Devlin known as ‘scalpcleaner’. EncroChat messages showed that the pair had attempted to import around five tons of cocaine between March 2020 and June 2020 via a number of ports in Europe including Antwerp, and the UK. This major operation also uncovered links to a prison break…
FCA strengthens FG21/1 Guidance to enhance protections for vulnerable consumers amid rising fraud and financial crime
The FCA’s updated FG21/1 guidance on fair treatment of vulnerable consumers – particularly timely given the rising exploitation of vulnerable individuals by fraudsters. The FCA outlines 4 key drivers of vulnerability that heighten risks, including Health – Physical/mental conditions affecting decisions, Life Events – Bereavement, job loss, or financial shocks, Resilience – Low savings, high debt, or instability and Capability – Limited financial/digital literacy…