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
Chartered Institute of Taxation responds to UK HMT consultation on improving the effectiveness of AML regulations
Recommends improvements to the proposals that would see money laundering regulations being more explicit about ‘who’ within a firm would be subject to regulatory scrutiny. The CIO also urges that new regulations allow for HMRC to consider professional body exclusion, or AML misconduct, as a relevant factor to refuse supervision.
FCA delivers speech at the Financial Services Investigations and Enforcement Summit
Speech focuses on the need for collaboration and teamwork in the fight against financial crime – delivered by Steve Smart, joint executive director of enforcement and market oversight.
FCA issues an update on its review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms
The FCA explains that it had been on track to publish the findings from this review (which was launched in September 2023) in line with the end of June deadline set in the Financial Services and Markets Act 2023. However, it does not consider it appropriate to publish the review during the pre-election period…
OFSI updates Guidance on Maritime services ban and oil price cap
This guidance outlines obligations under the UK Maritime Services Ban and Oil Price Cap exception, as well as OFSI’s approach to implementation and enforcement. This should be considered supplementary to, and not a replacement for, OFSI’s general guidance. Further sources of information that may prove helpful can be found at the end of this guidance.
FCA assists the Met Police in the arrest of two individuals suspected of running an illegal cryptoasset exchange
More than £1 billion of unregistered cryptoassets are believed to have been bought and sold through this business.
FCA drops criminal investigation into Monzo bank over potential breaches of anti-money laundering rules
UK Monzo bank has been informed that a criminal money laundering investigation by the financial regulator has been halted but civil proceedings against it continue…
BBC: Standard Chartered escaped prosecution for ML carried out billions of dollars of transactions for funders of terrorist groups
Standard Chartered was accused of falsifying Swift transaction data to move billions of dollars through its New York branch on behalf of sanctioned entities like the Central Bank of Iran. The bank has admitted to breaching sanctions against Iran and other countries, paying over $1.7bn in fines, but has not admitted to conducting transactions for terrorist organizations…
OFSI has reissued a Russia-related general license allowing the use of banking services of designated financial institutions
OFSI issued General License on May 28, 2024 allowing individuals to use retail banking services for personal use, with a maximum payment value of £50,000 and expiring on May 27, 2026. Relevant Institutions processing payments under General License must report payment details to HM Treasury within 14 days maintain accurate records of transactions for 6 years…
NCA issues guidance on how to request a defence from the NCA under POCA and TACT
This document is intended to inform you of the approach when reporters, through submitting a Suspicious Activity Report (SAR), seek a defence (or ‘consent’) from the National Crime Agency (NCA) to a money laundering of terrorist finance offence.
UK Finance publishes Annual Fraud Report 2024
Shows that £1.17 billion was lost to fraud in 2023, although a modest overall decline in both the value of losses and the number of cases compared with 2022 when losses amounted to £2.97 million.
TI-UK provides guidance for the Corporate Sustainability Reporting Directive
This report supports anti-corruption and ESG/sustainability professionals to better understand “corruption and bribery” and “political engagement” as sustainability matters in the context of the European Union (EU) Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS).
UK Finance releases its 2024 Annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023
The report highlights criminals stole £1.17 billion through unauthorised and authorised fraud in 2023, a four per cent decrease compared to 2022, Banks prevented a further £1.25 billion of unauthorised fraud through advanced security systems, 76 per cent of APP fraud started online and 16 per cent started through telecommunications networks…