The latest AML/CFT news along with regulatory changes and updates from solution providers

FCA Orders Extra 499 Day Sentence for Convicted Money Launderer

The FCA returns Richard Faithfull to prison for 499 days after failing to pay a 529k debt from a Financial Crime Enforcement case involving 2.5 million pounds.

New Zealand Regulatory Oversight and the Worldclear Payment Service Provider Scandal

An investigation into Worldclear reveals how the New Zealand Payment Service Provider bypassed regulations while processing 355 million USD for high-risk clients.

The 24-Karat Laundromat: Italy Seizes €1.3 Million in Assets and Gold

The Finance Police in Italy dismantled a network involved in Operation Gold and Cash, seizing over 1 million euros and arresting two for transnational money laundering.

AUSTRAC Targets Crypto Exchanges with Major AML Compliance Audits

AUSTRAC launches major campaigns targeting Australia Virtual Asset Service Provider AML compliance to secure crypto exchanges against money laundering risks.

Combating the Rise of Money Mule Networks in Modern Finance

Money mule networks pose significant threats to financial integrity through deceptive recruitment and high-
velocity fund transfers designed to bypass security.

FCA Orders Extra 499 Day Sentence for Convicted Money Launderer

The FCA returns Richard Faithfull to prison for 499 days after failing to pay a 529k debt from a Financial Crime Enforcement case involving 2.5 million pounds.

New Zealand Regulatory Oversight and the Worldclear Payment Service Provider Scandal

An investigation into Worldclear reveals how the New Zealand Payment Service Provider bypassed regulations while processing 355 million USD for high-risk clients.

The 24-Karat Laundromat: Italy Seizes €1.3 Million in Assets and Gold

The Finance Police in Italy dismantled a network involved in Operation Gold and Cash, seizing over 1 million euros and arresting two for transnational money laundering.

AUSTRAC Targets Crypto Exchanges with Major AML Compliance Audits

AUSTRAC launches major campaigns targeting Australia Virtual Asset Service Provider AML compliance to secure crypto exchanges against money laundering risks.

Combating the Rise of Money Mule Networks in Modern Finance

Money mule networks pose significant threats to financial integrity through deceptive recruitment and high-
velocity fund transfers designed to bypass security.