Money Laundering
AllArticles
12 results
Enforcement Actions
Weak bank customer due diligence in spotlight again after Barclays fined £42 million
Barclays was handed two separate fines by the UK Financial Conduct Authority (FCA) yesterday for failures in its financial crime...
Financial Crime
Wealthy Gen Z Russian laundered money in luxury properties, claimed ADHD caused offending
On December 4, 2024, the UK’s National Crime Agency (NCA), together with the United Arab Emirates government, the US Drug...
Financial Crime
Golden youth: The new face of Russian money laundering and sanctions evasion
The new face of Russian money laundering and sanctions evasion is much younger, highly educated, multilingual, and tech savvy–the golden...
Money Laundering
Interpol issues second-ever silver notice for UK crime agency to trace £8.5m in laundered assets
The International Criminal Police Organization (Interpol) issued its second-ever silver notice on behalf of the UK on April 11. This...
Regulatory
EU introduces new rules to mitigate ‘virtual IBAN’ AML/CFT risks
The European Union is introducing a new regulatory framework for virtual international bank account numbers (vIBANs) to mitigate anti-money laundering...
Digital Assets
Central banks should launch CBDCs to ensure economic stability — report
Central banks should continue to develop sovereign digital currencies for the sake of economic stability, according to a new report,...
Regulatory Reporting
Global identifier org pairs with corporate registers to boost KYC
The Global Legal Entity Identifier Foundation (GLEIF) has partnered with two European corporate registers, partly to make Know Your Customer...
Digital Assets
FCA used money laundering regs powers on cryptos 45 times
The UK’s Financial Conduct Authority (FCA) has used powers in the Money Laundering Regulations (MLRs) on registered crypto asset firms...
