Compliance

A Brazilian national has been sentenced to 12 years in federal prison for his managerial role in an international money laundering operation that concealed more than $30 million in illicit proceeds, including money generated by drug trafficking. The case exposed a coordinated network that used cash couriers, bank deposits and encrypted-by-platform messaging communications to move criminal proceeds across the United States and facilitate their return to suppliers and other r

German law enforcement authorities have frozen 189 bank accounts containing approximately €2 million and arrested four individuals as part of a large-scale investigation into an alleged corporate money laundering network operating across Berlin and Brandenburg. The operation, carried out on 14 October, involved coordinated action by police, prosecutors and tax investigators, who conducted searches at 16 residential and commercial properties. According to investigators, the

Greece is stepping up preparations for the Financial Action Task Force’s (FATF) fifth-round mutual evaluation of its anti-money laundering and counter-terrorist financing framework, with government agencies and regulators required to report on progress and outstanding weaknesses by 3 November 2026. The preparations are being coordinated through Greece’s Strategic Committee for Combating Money Laundering and Terrorist Financing. Authorities are developing a national action pla

The US Financial Crimes Enforcement Network (FinCEN) has assessed a $1.2 billion civil money penalty against Bank of America, N.A., over violations of anti-money laundering requirements, including failures to investigate suspicious activity and submit timely reports to authorities. Announced on October 13, 2026, the action was coordinated with the Office of the Comptroller of the Currency (OCC), which imposed a separate $750 million civil money penalty, and the Office of Fore

Singapore’s Monetary Authority of Singapore (MAS) has revoked the major payment institution licence of Sir Money Changer Pte. Ltd. (SMC) after finding that the company allowed a third party to operate a cross-border money transfer business under its name and provided the regulator with false or misleading information. The revocation took effect on September 15, 2026, although MAS announced the enforcement action publicly on October 14. From the effective date, SMC was no long

Belgian federal police have conducted coordinated searches at properties linked to relatives and associates of Democratic Republic of the Congo (DRC) President Félix Tshisekedi as part of an investigation into suspected money laundering, corruption and the alleged diversion of public funds connected to the country’s mining sector. The searches took place on 14 October 2026 in Brussels and several municipalities in the provinces of Flemish Brabant and Walloon Brabant. Several

The Council of Europe and the European Union have taken a further step towards strengthening international cooperation on money laundering and criminal asset recovery, with the signing of a new protocol designed to help authorities trace, freeze and confiscate proceeds of crime, including crypto-assets. The Additional Protocol to the Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism, commo

The UK's Financial Conduct Authority (FCA) has arrested three individuals in a major operation targeting a suspected organised criminal network allegedly involved in insider dealing and money laundering. The coordinated enforcement action, conducted alongside the National Crime Agency (NCA) on 13 October 2026, involved more than 100 personnel, searches of five residential properties and the seizure of over 30 electronic devices. The investigation represents a significant in