The latest AML/CFT news along with regulatory changes and updates from solution providers
$4.2 Million AML Penalty for Wise US Highlights Growing Regulatory Scrutiny
Wise US received a $4.2 million AML penalty from state regulators, bringing increased focus to mo...
Zero Tolerance: Bank of England Imposes £11.9m Penalty on Vocalink for Compliance Failures
Payment system compliance in the UK takes center stage as the Bank of England fines Vocalink £11....
Monzo Penalized £21 Million as FCA Targets AML Lapses
Monzo FCA fine highlights major financial crime control failures as the bank’s rapid growth outpa...
$92 Million Chinese Money Laundering Cell Crushed in Major U.S. Operation
Chinese money laundering organization dismantled after laundering $92 million in drug proceeds, h...
CBUAE Hits Exchange Houses with 4.1 Million Dirham Fines Over Money Laundering Failures
Money laundering compliance failures at UAE exchange houses trigger major CBUAE fines, highlighti...
Isle of Man Hits Celton Manx with £3.9 Million Fine over AML Failures
Celton Manx received a record £3.9 million penalty for AML failures in the Isle of Man’s e-gaming...
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KYC Hub’s OpsFlow Sets New Standard for Frictionless AML Compliance
Automated onboarding transforms AML compliance as KYC Hub’s OpsFlow delivers dynamic risk managem...
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How SaintPay Is Elevating Fiat-Crypto Compliance with Complytek
Fiat-crypto compliance is transforming how virtual asset service providers like SaintPay manage A...
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OnePay and Flagright Achieve Next-Level Compliance with AI-Powered Controls
Flagright and OnePay advance AI-powered AML, helping digital banks meet compliance demands and ta...
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Advanced Saifr AI Integration Boosts Sanctions Monitoring for Banks
Saifr AI integration with ServiceNow is advancing financial crime detection and sanctions monitor...
Breakthrough in Bitcoin Anti-Money Laundering with Deep Graph Attention
Bitcoin anti-money laundering faces new risks as criminal networks exploit advanced obfuscation, ...
Spain Breaks EUR 460 Million Crypto Laundering Ring In a Europol-Led Operation
Spain, Europol, and global agencies uncovered a EUR 460 million crypto laundering scheme, raising...
How a $700 Million Tether Freeze Exposed Iran Sanctions Gaps on Tron
Tether wallet freeze draws global attention to Iranian sanctions evasion and the urgent need for ...
How DeFi Forensics Transformed Asset Recovery in Decentralized Finance
DeFi forensics leverages advanced tools for tracing laundered assets in decentralized finance, im...
Record $225 Million Crypto Seizure Delivers a Blow to Online Money Laundering
Cryptocurrency investment fraud schemes fueled a record $225 million crypto seizure, showcasing h...
Iranian Sanctions Evasion Shattered as Israeli hacking group Predatory Sparrow Hits Nobitex
Nobitex’s collapse after a massive cyberattack reveals the exchange’s central role in Iranian gov...
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US Treasury Sanctions Mexican Banks CIBanco, Intercam, Vector in Fentanyl Money Laundering Crackdown
US authorities impose sanctions on CIBanco, Intercam, and Vector, citing their central role in la...
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How a $700 Million Tether Freeze Exposed Iran Sanctions Gaps on Tron
Tether wallet freeze draws global attention to Iranian sanctions evasion and the urgent need for ...
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Shifts in FATF High-Risk Jurisdictions Demand Stronger Compliance in 2025
FATF high-risk jurisdictions impact global AML compliance and sanctions policies, requiring agile...
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Iranian Sanctions Evasion Shattered as Israeli hacking group Predatory Sparrow Hits Nobitex
Nobitex’s collapse after a massive cyberattack reveals the exchange’s central role in Iranian gov...
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Sanctions Evasion Uncovered in Venezuela’s Multi-Million Dollar Steel Trade Case
Sanctions evasion risks persist in the Venezuelan steel industry as authorities uncover a sophist...
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Breakthrough in Bitcoin Anti-Money Laundering with Deep Graph Attention
Bitcoin anti-money laundering faces new risks as criminal networks exploit advanced obfuscation, ...
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Instant Payment Screening Brings a New Era for AML Controls
Real-time payment screening is transforming AML controls for instant payments, pushing banks to i...
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How DeFi Forensics Transformed Asset Recovery in Decentralized Finance
DeFi forensics leverages advanced tools for tracing laundered assets in decentralized finance, im...
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The Future of AML in Mobile Transactions: Surprising Advances and Major Hurdles
Mobile transactions have introduced new AML challenges, and deep learning solutions are revolutio...
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How RegTech Orchestration Layers Unify Legacy and Cloud AML Controls
RegTech orchestration layers are connecting legacy and cloud-based systems, helping financial ins...
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Isle of Man Hits Celton Manx with £3.9 Million Fine over AML Failures
Celton Manx received a record £3.9 million penalty for AML failures in the Isle of Man’s e-gaming...
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Sweden Imposes 2m$ AML Fines on Gambling Operators After Systemic Failures
Gambling Authority in Sweden imposes record AML fines on Betsson, TSG, and Snabbare after identif...
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AUSTRAC Orders External Audits for Two Australian Casinos Over AML Gaps
Casino AML/CTF compliance takes center stage as AUSTRAC orders external audits for two regional c...
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Jaw-Dropping Wynn $5.5M AML Fine Sends Shockwaves Through Vegas
Wynn Las Vegas absorbed a $5.5 million AML fine amid a trio of Strip penalties, spotlighting evol...
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UKGC Delivers Strong Warning With Spreadex £2m AML Penalty
Spreadex faces a £2,022,000 AML penalty and mandatory audit after systemic AML and social respons...
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Breakthrough in Bitcoin Anti-Money Laundering with Deep Graph Attention
Bitcoin anti-money laundering faces new risks as criminal networks exploit advanced obfuscation, ...
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Instant Payment Screening Brings a New Era for AML Controls
Real-time payment screening is transforming AML controls for instant payments, pushing banks to i...
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How DeFi Forensics Transformed Asset Recovery in Decentralized Finance
DeFi forensics leverages advanced tools for tracing laundered assets in decentralized finance, im...
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The Future of AML in Mobile Transactions: Surprising Advances and Major Hurdles
Mobile transactions have introduced new AML challenges, and deep learning solutions are revolutio...
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How RegTech Orchestration Layers Unify Legacy and Cloud AML Controls
RegTech orchestration layers are connecting legacy and cloud-based systems, helping financial ins...
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Algeria Added to EU High-Risk List Over AML and CFT Weakness
Algeria’s addition to the EU high-risk list for money laundering presents new challenges for AML ...
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FCA Removes 1,600 Fraud Sites in Landmark UK Compliance Push
FCA financial crime enforcement reached new levels in 2024, as technology and data drove regulato...
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EU Delisting Signals Stronger Future for Jamaica’s Financial System
Jamaica’s removal from the EU AML high-risk list signals growing confidence in the nation’s compl...
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UAE celebrates EU AML removal as compliance efforts boost global trust
UAE’s AML removal from the EU high-risk list marks major progress in financial crime compliance, ...
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How RegTech Orchestration Layers Unify Legacy and Cloud AML Controls
RegTech orchestration layers are connecting legacy and cloud-based systems, helping financial ins...
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Why Banks Struggle to Integrate Trade Finance Data into Transaction Monitoring Systems
Banks keep missing red flags as trade finance data slips through the cracks in transaction monito...
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Transforming AML Efficiency with a High-Impact Target Operating Model
Financial institutions that prioritize a robust target operating model in their AML and KYC progr...
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Streamlining KYC: How Digital Onboarding Transforms Compliance and Customer Experience
Digital onboarding, supported by AML platforms, streamlines KYC for both companies and individual...
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The Dark Side of Banking: Money Laundering Inside One of the World’s Most Powerful Banks
A Citigroup executive in Mexico exposed a major money laundering scheme, facing retaliation and c...
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A closer look at the legal framework behind digital asset services
Digital asset platforms often highlight strong compliance postures, yet questions remain around j...
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The Need for Consortium Validation in the Age of Fraud-as-a-Service
Consortium validation offers AML specialists a powerful approach to stopping financial crime fuel...
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When the Tool Betrays the Task: Facing AI’s Unreliable Outputs
AI can mislead, by inventing quotes, copying exclusive content, or failing to verify facts. This ...
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The Booming Identity Verification Market: Trends and Innovations
The identity verification market is set to grow by USD 16.92 billion, driven by AI-powered fraud ...
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The Largest AML/CFT Fines of 2024
2024 saw major financial institutions hit with record AML/CFT fines, highlighting the growing imp...
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Why Crypto Companies Struggle to Understand MiCA Sustainability Reporting Requirements
Less than a third of crypto companies fully understand MiCA sustainability reporting obligations,...
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The Elliptic Report on Global Crypto Regulation in 2024
The Elliptic Report highlights the transformative landscape of global crypto regulation in 2024, ...
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Algeria Added to EU High-Risk List Over AML and CFT Weakness
Algeria’s addition to the EU high-risk list for money laundering presents new challenges for AML ...
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FCA Removes 1,600 Fraud Sites in Landmark UK Compliance Push
FCA financial crime enforcement reached new levels in 2024, as technology and data drove regulato...
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Zero Tolerance: Bank of England Imposes £11.9m Penalty on Vocalink for Compliance Failures
Payment system compliance in the UK takes center stage as the Bank of England fines Vocalink £11....
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UAE celebrates EU AML removal as compliance efforts boost global trust
UAE’s AML removal from the EU high-risk list marks major progress in financial crime compliance, ...
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Kuwait, India, and Iraq Forge New AML Intelligence Pact
New MoUs between Kuwait, India, and Iraq reinforce Kuwait anti-money laundering efforts, boosting...
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EU Delisting Signals Stronger Future for Jamaica’s Financial System
Jamaica’s removal from the EU AML high-risk list signals growing confidence in the nation’s compl...
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$4.2 Million AML Penalty for Wise US Highlights Growing Regulatory Scrutiny
Wise US received a $4.2 million AML penalty from state regulators, bringing increased focus to mo...
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$92 Million Chinese Money Laundering Cell Crushed in Major U.S. Operation
Chinese money laundering organization dismantled after laundering $92 million in drug proceeds, h...
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OFAC Hits Hezbollah with Fresh Sanctions Shaking Lebanon’s Banking Sector
Hezbollah sanctions enforcement intensifies as US designates AQAH officials, increasing OFAC comp...
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Vancouver Investment Firm Faces $500k FINTRAC Penalty for AML Breaches
FINTRAC penalty highlights major compliance failures at Canaccord Genuity and underlines the impo...
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UAE celebrates EU AML removal as compliance efforts boost global trust
UAE’s AML removal from the EU high-risk list marks major progress in financial crime compliance, ...
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AML Reform Proposals Promise a Smarter Approach to Financial Crime in New Zealand
Proposed AML reform in New Zealand targets financial crime through intelligence-driven measures a...
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AUSTRAC Sets 2026 as Milestone Year for AML/CTF Reform
AUSTRAC AML/CTF reforms bring new compliance standards and deadlines, pushing Australian business...
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Singapore Fines 9 Leading Financial Institutions S$27.45 Million for AML Failures
Nine major financial institutions were hit with S$27.45 million in penalties as MAS wrapped up it...
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Agreement Signed between AMLA and ECB to Strengthen EU Anti-Money Laundering Regime
The AMLA-ECB Memorandum marks a turning point for EU AML supervision, driving greater information...
