Hong Kong Customs uncover biggest 2025 money laundering case
Hong Kong Customs has exposed its biggest money laundering case this year, uncovering HK$2.6 billion (US$334 million) in suspicious transactions. Four suspects […]
OFSI issues disclosure notice against Vanquis Bank Limited
The Office of Financial Sanctions Implementation (OFSI) has issued a disclosure notice against Vanquis Bank Limited for breaching Counter-Terrorism Sanctions Regulations. Vanquis, […]
Money laundering inflating UK house prices by up to £11,000
Money laundering in the UK property market is inflating home prices, making homeownership less attainable, according to the latest by SmartSearch. Illicit […]
Following the Fraud: The Role of Money Mules
In August 2025, the Royal United Services Institute (RUSI) published a study based on Lloyds Bank data, revealing how money mules enable […]
The EBA recommends SupTech for effective AML/CFT supervision
The European Banking Authority (EBA) has released a report on the use of supervisory technology (SupTech) in anti-money laundering (AML) and countering […]
DAML threshold increased to £3,000
On 31 July 2025, the Proceeds of Crime Order came into force, raising the threshold in Section 339A of the Proceeds of […]
Swiss banks facing lawsuits in the US
Several major Swiss banks are implicated in a suspected money laundering scheme tied to the Greek shipping firm NewLead Holdings. NewLead is […]
$3.5M cash spent over 18 months sparks money laundering probe into Louis Vuitton
Louis Vuitton has become the focus of a money laundering investigation in the Netherlands after a Chinese national allegedly spent around $3.5 […]
NCA and FCA publish priorities to combat biggest economic crime threats
The National Crime Agency (NCA) and the Financial Conduct Authority (FCA) have released nine economic crime priorities for the UK’s regulated sector. […]
UK Finance’s latest annual fraud report
UK Finance’s Annual Fraud Report revealed that £1.17bn was lost to fraud in 2024 – the fourth consecutive year of losses exceeding […]
FATF publishes new guidance on financial inclusion and AML/CFT measures
The Financial Action Task Force (FATF) has released updated guidance to help countries and financial institutions better balance anti-money laundering and countering […]
FATF and MONEYVAL conclude joint Plenary – 12-13 June 2025
A joint Plenary meeting of the Financial Action Task Force (FATF) and MONEYVAL concluded on Friday after two days of high-level discussions […]