24 people charged in money laundering scheme involving Mexico’s Sinaloa cartel, prosecutors say
A five-year investigation by U.S. officials has uncovered a complex partnership between one of...
FCA Update Financial crime is changing and so is our guidance for firms
In April 2024, the FCA consulted, in its CP 24/9, on proposed changes to its Financial Crime Guide.
Improving the effectiveness of the Money Laundering Regulations
HM Treasury has published a consultation on improving the effectiveness of the Money Laundering,...
Former Qatar Airways Chairman Sentenced For Money Laundering
Reuters reports that Former Qatar Airways chairman and Qatari Minister of Finance Ali Sharif...
AI-generated ID documents bypassing well-known KYC software
Cointelegraph reports that AI-generated fake IDs costing as little as $15 are reportedly being used...
UK Government responds to Law Commission SAR regime review
In 2017, the Home Office asked the Law Commission to review limited aspects of the anti-money...
FCA grants first crypto exchange licence since October 2023
The FCA has shared feedback on good and less good applications received under money laundering...
FCA publishes 2024 plan to reduce and prevent financial crime
The FCA recently provided an update on progress tackling financial crime, along with a preview of...
Guidance On Money Laundering Reporting Obligations
The purpose of this guidance is to set out the government position on money laundering reporting...
Money Laundering Regulations To Impact Financial Institutions
In a significant move that promises to sharpen up financial crime risk management, the UK...
Major Regulatory Shift: Money Laundering Regulations Update
In a significant move that promises to sharpen up financial crime risk management, the UK...
World-first agreement to tackle online fraud
People across the UK will be better protected from online scams, fake advertisements, and romance...
Hundreds of firms targeted by FCA in MLRO crackdown
The FCA targeted hundreds of firms as part of a crackdown on money laundering reporting officers...
New List Of High-Risk Third Countries For Money Laundering
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations...
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OPBAS Publishes Report On Legal & Accountancy Supervision
In its fourth report, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS)...
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Watchdog Warns Banks On Post Office Money Laundering
A series of measures designed to reduce the risk of money laundering via the Post Office have today...
Proliferation financing
Proliferation financing refers to the act of providing funds or financial services for use, in...