UK to launch sanctions regime to catch smugglers
In 2025, the UK government will introduce a ground-breaking sanctions regime aimed at dismantling people smuggling networks and cutting off their illicit […]
Brother and sister sentenced for charity fraud
On 9th January 2025, the Charity Commission today welcomed the sentencing of Rajbinder Kaur and Khaldip Singh Lehal for fraud. Kaur was […]
Phone snatcher steals £21,000 from mobile banking apps | Weekly Words of Wisdom
A London commuter had £21,000 stolen from his bank accounts after a thief snatched his phone through closing tube doors. Despite having […]
AML Analytics is now a RegTech100 company
AML Analytics has been included in the 2025 edition of RegTech Analyst’s RegTech100 list, which highlights the organisations financial institutions should keep […]
Lockdown drug profits laundered through Russian crime network
A multi-billion-pound money laundering operation which emerged during lockdown, has been uncovered by the National Crime Agency (NCA). Investigators have described the […]
Failure to prevent fraud guidance introduced in UK
Today the government has published guidance that will provide organisations with advice on the new corporate criminal offence, “failure to prevent fraud”. […]
TD Bank to pay record $3 billion penalty over AML failures
TD Bank, one of the largest financial institutions in North America, has agreed to pay a record $3 billion penalty after pleading […]
New FATF president announces grey list changes for low income countries
The Financial Action Task Force (FATF) has announced significant changes to how countries are added to its grey list, with low-income nations […]
Starling Bank fined £29m by FCA for financial crime system failings
Starling Bank has been fined just shy of £29m for financial crime failings related to its sanctions screening systems. Starling saw rapid […]
India makes significant progress in AML/CFT measures
On 19 September 2024, a joint assessment by FATF, APG, and EAG highlighted that India has achieved a high level of technical […]
US seizes Venezuelan President Maduro’s plane
The United States has seized an aircraft linked to Venezuelan President Nicolás Maduro, claiming it was illegally purchased for $13 million and […]
VASP bill approved by Seychelles’ National Assembly
The Seychelles National Assembly has given the green light to a new bill aimed at regulating virtual asset providers. The bill, presented […]