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Argentina Avoids FATF Grey List, Boosting President Milei’s Efforts to Stabilize Economy
Argentina has successfully avoided being added to the Financial Action Task Force’s (FATF) “grey list,” marking a critical achievement...
Oct 29, 20242 min read
Lebanon Set to Be Grey-Listed by Financial Watchdog Amid Warnings from Officials
Lebanon is poised to be placed on a grey list of countries under special scrutiny by a global financial crime watchdog at the end of this...
Oct 25, 20242 min read
FinCEN Issues New Guidance for Banks to Identify Hezbollah-Linked Transactions
The Financial Crimes Enforcement Network (FinCEN), the anti-money laundering division of the U.S. Department of the Treasury, has issued...
Oct 24, 20242 min read
Ireland and UAE Sign Landmark Agreements to Tackle Organized Crime
Ireland and the United Arab Emirates (UAE) have taken a significant step in their collaborative fight against organized crime with the...
Oct 23, 20242 min read
Lloyds Banking CEO Criticizes Meta for Failing to Tackle Rising Fraud on Social Media Platforms
Charlie Nunn, CEO of Lloyds Banking Group, has called out technology firms like Meta for not doing enough to stem the rising tide of...
Oct 22, 20242 min read
UK Banks Call for Greater Accountability from Social Media Platforms Amid Ongoing Fraud Crisis
UK banks are urging social media platforms to take more responsibility in the battle against fraud, as new data reveals that scams...
Oct 21, 20243 min read
HSBC Launches New Risk Monitoring System Across UK Operations
HSBC has implemented a cutting-edge risk monitoring system throughout its UK operations, the bank has revealed. This new approach, which...
Oct 18, 20242 min read
FATF Considers Blacklisting Russia Amid Pressure from Ukraine
The Financial Action Task Force (FATF) is set to weigh the possibility of blacklisting Russia, following strong pressure from Ukraine. If...
Oct 17, 20242 min read
Dr Marcus Pleyer Emphasizes Uniform AML Rules Across EU as Key Focus for New AMLA Regulator
Dr Marcus Pleyer, one of the final three candidates for the chairmanship of the EU’s new Anti-Money Laundering Authority (AMLA), has...
Oct 16, 20242 min read
Irish Authorities Push for Extradition of Kinahan Cartel Figure Sean McGovern Following Arrest in Dubai
Irish authorities are moving forward with efforts to extradite Sean McGovern, an alleged senior figure in the Kinahan crime cartel, after...
Oct 14, 20243 min read
UK Considers Raising Threshold for Suspicious Activity Reports, Says Top AML Official
The UK government is considering changes to the threshold for when banks and financial institutions should file suspicious activity...
Oct 11, 20242 min read
FATF Announces Major Changes to Grey-Listing Criteria, Exemptions for Lower-Income Countries
The Financial Action Task Force (FATF) has unveiled significant changes to how countries are added to its grey list, which subjects...
Oct 10, 20242 min read
FATF Warns Kuwait Over Major Deficiencies in Policing Terrorist Financing
Kuwait faces significant shortcomings in its efforts to combat terrorist financing, the Financial Action Task Force (FATF) has warned. In...
Oct 9, 20242 min read
France, Germany, and Italy Urge EU to Scale Back Banking Regulations for Global Competitiveness
France, Germany, and Italy are pressing the European Union to ease its upcoming banking regulations in a bid to strengthen the bloc’s...
Oct 8, 20242 min read
U.K. Launches New Office of Trade Sanctions Implementation Amid Global Rise in Sanctions Enforcement
The U.K. government is set to launch a new Office of Trade Sanctions Implementation (OTSI) to crack down on those violating sanctions...
Oct 7, 20244 min read
Revolut Urges Meta to Contribute to Scam Compensation, Criticizes Anti-Fraud Efforts as Insufficient
Revolut has called on Meta to take greater responsibility in compensating scam victims, arguing that the social media giant's current...
Oct 4, 20242 min read
FCA Fines Starling Bank £29 Million for Lax Financial Crime Controls
The Financial Conduct Authority (FCA) has slapped Starling Bank with a £29 million ($38.5 million) fine, citing significant failures in...
Oct 3, 20243 min read
Standard and Poor's Downgrades Israel's Credit Rating Over Growing 'Security Risks'
The international credit rating agency Standard and Poor's (S&P) announced on Tuesday that it has downgraded Israel’s long-term credit...
Oct 2, 20242 min read
TD Bank Nears Guilty Plea Over U.S. Money Laundering Failures Linked to Chinese Crime Groups
TD Bank is approaching a formal guilty plea over criminal charges tied to its U.S. retail arm’s failure to prevent money laundering...
Sep 30, 20241 min read
FCA Admits 'Name and Shame' Strategy Becoming a “Lightning Rod” Amid Pushback from Firms
The UK’s Financial Conduct Authority (FCA) has acknowledged that its controversial strategy to publicly name companies under...
Sep 27, 20242 min read
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