The Latest FinCrime News about Regulation and Compliance
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Hidden Wealth Exposed London Mansion Linked to Iranian Sanctioned Banker
A sanctioned Iranian banker used high value London property in a suspected money laundering through real estate structure, highlighting gaps in asset freezing.
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UK AML Overhaul Ignites Growth for Advisory Firms and Solution Providers
The UK’s FCA AML reform creates major opportunities for small advisory firms and solution providers, but non-bank institutions may face rising compliance costs.
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South Korea’s Non-Bank Credit Firms Face New AML Pressure
South Korea’s new CDD requirement for credit-loan providers tackles consumer-credit money laundering by closing a vishing-fraud hygiene gap.
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FATF Redefines Asset Recovery Standards to Close Loopholes in 2025
FATF’s 2025 asset recovery guidance redefines global confiscation frameworks, turning the recovery of criminal proceeds into a central pillar of AML effectiveness and cross-border cooperation.
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AI-Driven Financial Crime: How Canada’s New Strategy Redefines AML Resilience
Canada’s FINTRAC-led forum revealed how AI-driven financial crime is reshaping AML strategies, prompting the launch of a new Financial Crimes Agency to modernize national defences.
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SRA’s Last Stand as UK Shifts AML Power to FCA
The SRA’s 2024–25 AML report reveals robust progress in tackling money laundering just as the UK prepares to centralize supervision under the FCA, raising questions about the future of sector-specific expertise.
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BlackRock and BNP Paribas Hit by $500 Million Private Credit Fraud
BlackRock and BNP Paribas are trying to recover more than 500 million dollars lost in a private-credit fraud that exposed major flaws in asset-based lending and compliance verification.
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EBA’s 2025 AML Advice on Six Mandates Balances Confidence and Caution on AMLA’s Future
EBA’s 2025 AML advice supports AMLA’s mission but builds strong safeguards, revealing cautious trust in the new authority’s readiness to lead Europe’s AML reform.
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Isle of Man’s AML Framework Tightens Grip on Network Gambling Risks
The Isle of Man’s Gambling Supervision Commission has issued new AML guidance for network licence holders, strengthening the island’s compliance framework and reinforcing its global reputation for robust financial crime controls.
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Inside FATF’s Revised R.16 That Redefines AML Compliance for Payments
FATF’s 2025 revision of Recommendation 16 modernizes AML compliance by enforcing global payment transparency, reshaping cross-border transfer rules, and harmonizing fintech and banking obligations.
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Banca d’Italia guidance sharpens AML residual risk control
The latest Banca d’Italia report reinforces how a disciplined AML risk self-assessment, supported by strong data quality controls and transparent governance, is essential to identifying and reducing residual risk across financial institutions.
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When Marine Insurance Turns Into a Laundering Conduit For Shadow Fleets
A Reuters Special Report revealed how shadow fleet underwriting by a New Zealand insurer enabled sanctioned oil flows, exposing major AML and compliance risks in global marine insurance.
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Botswana and Ghana Set the Tone for Africa’s Needed Financial Reforms
Ghana and Botswana are leading a continental shift toward stronger AML and terrorism financing controls, combining regulatory reform with civic accountability and a renewed culture of integrity.
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Leonteq, three regulators, and an AML audit trail full of inconsistencies
Leonteq insists its controls worked, yet FINMA found serious breaches and ordered CHF 9.3 million disgorged, BaFin cited AML failings, and ACPR saw diverted commissions and missing records. The contradictions raise doubts about both Leonteq’s narrative and regulators’ resolve to act.
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Four Countries Exit the FATF Grey List While Many Others Stay Under Watch
Four jurisdictions exited the FATF AML monitoring list while many others remain under increased watch, making AML monitoring recalibration essential for compliance professionals.
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Global Banks Face Privacy Storm Over PEP Sharing Rules
PEP monitoring faces growing friction with global data privacy laws, forcing AML teams to align cross-border compliance with privacy safeguards.
