Editor's Pick

Austria has uncovered a sanctions-evasion operation in which a Vienna-based company allegedly supplied specialised industrial equipment to businesses connected to Russia's military-industrial sector. The investigation has resulted in arrests and the seizure of machinery and tools, while authorities continue examining a complex network of companies allegedly used to conceal the ultimate destination and end users of the exported goods. The investigation centres on a company bas

Germany's Federal Financial Supervisory Authority has issued a formal warning against a former managing director of a financial services institution over serious and persistent deficiencies in measures intended to prevent money laundering and terrorist financing. The regulatory action, issued on 3 July 2026 and becoming final on 9 August, highlights an increasingly important principle in financial crime supervision: responsibility for ineffective AML controls can extend direc

The United Kingdom has expanded its sanctions regime against Russia, targeting banks, financial businesses, vessels and companies connected to the country's energy sector and sanctions-evasion networks. The latest measures are intended to restrict Russia's ability to generate revenue from oil exports and access international financial services, while increasing pressure on the networks used to circumvent restrictions imposed since the invasion of Ukraine. The measures include

The Malta Financial Services Authority (MFSA) has introduced a new Financial Crime Compliance Strategy for 2026, setting out a more risk-focused and outcomes-driven approach to combating money laundering, terrorist financing and other forms of financial crime across Malta's financial services sector. The strategy is intended to strengthen supervisory effectiveness while preparing regulated businesses for major changes to the European Union's anti-money laundering framework an

Prosecutors in Curaçao have asked the court to acquit a businessman of money laundering charges in the long-running Avior investigation, concluding that although significant suspicions remain, the evidence gathered during the decade-long investigation is insufficient to secure a criminal conviction. The development marks a notable turn in one of the Caribbean's most prominent financial crime cases, highlighting the challenges prosecutors face in complex cross-border money lau

RBC Capital Markets has agreed to pay a US$275,000 fine and accept a formal censure after the Financial Industry Regulatory Authority (FINRA) found that the firm's anti-money laundering (AML) monitoring programme failed to adequately detect and escalate suspicious transactions for more than seven years. The enforcement action underscores regulators' continued focus on ensuring that financial institutions maintain effective transaction monitoring systems capable of identifying

UBS Financial Services has agreed to pay a record US$125 million to resolve coordinated enforcement actions brought by four U.S. regulators over longstanding anti-money laundering (AML) failures, marking the largest civil penalty ever imposed on a broker-dealer for violations of the Bank Secrecy Act (BSA). The action was jointly taken by the Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority

Portugal officially entered a new era of political transparency on Monday as the country's first lobbying transparency legislation came into force, introducing a public register for interest representatives and imposing new disclosure obligations for interactions with public authorities. The reform represents a significant milestone in Portugal's broader effort to make political influence more transparent, arriving at a time when public debate over integrity, access to decisi