Editor's Pick

The European Union’s Anti-Money Laundering Authority (AMLA) is progressing with preparations to identify the financial institutions that will fall under its direct supervision from 2028, with the selection process focusing on high-risk banks and other financial services businesses operating across multiple EU Member States. The authority is expected to select up to 40 institutions for its first round of direct supervision. The process represents a major development in the EU’

The US Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board have withdrawn a 2020 proposal that would have significantly expanded the recordkeeping and information-sharing requirements applicable to certain cross-border funds transfers. The withdrawal, effective 9 November 2026, means that the existing USD 3,000 threshold remains in place. The proposal, originally published in October 2020, sought to reduce the threshold for certain international transf

Singaporean authorities have arrested a woman linked to Cambodia-based Prince Holding Group as part of an expanding investigation into the transnational scam network. The arrest of Chen Xiuling, also known as Karen Chen, at Changi Airport on 5 November 2026 brings renewed attention to the group’s corporate structures and the use of Singapore-based entities. The Singapore Police Force also reported that the estimated value of assets seized or made subject to prohibition of dis

Dutch and German law enforcement authorities have arrested five individuals as part of a multinational investigation into a suspected money-laundering network that allegedly converted criminal proceeds into gold and transported the precious metal from Germany to Turkey. The operation, conducted on 7 October 2026 with support from Europol, involved approximately 500 police and customs personnel and resulted in searches across the Netherlands and Germany. The latest details wer

The Financial Action Task Force (FATF) has announced a series of initiatives aimed at strengthening global oversight of virtual assets, disrupting the financial networks supporting online scam compounds and addressing persistent weaknesses in national anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. The decisions followed the FATF Plenary held in Paris from 28 to 30 October 2026 and were highlighted by South Korea’s Financial Services Commission (FS

The European Union has removed three individuals from its sanctions list targeting persons associated with ISIL (Da’esh) and Al-Qaida, following corresponding delisting decisions by the United Nations Security Council. The measure was implemented through Commission Implementing Regulation (EU) 2026/2490 of 3 November 2026, which amends Regulation (EC) No 881/2002 for the 364th time. The individuals removed from the list are Shafi Sultan Mohammed Sultan Al-Ajmi, Bassam Ahmad A

The Financial Action Task Force (FATF) has removed Bulgaria, Côte d’Ivoire, the Democratic Republic of the Congo (DRC) and Monaco from its list of jurisdictions under increased monitoring, following confirmation that the four countries have made sufficient progress in addressing strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. The decisions were announced following the FATF Plenary held in Paris from 28 to 30 October

The UK Financial Conduct Authority (FCA) is facing renewed criticism over its treatment of whistleblowers and the way it handles reports of suspected misconduct within financial institutions. The controversy has intensified following the death of former banker Simon Andriesz in September 2026, prompting campaigners and parliamentarians to call for an independent examination of the regulator’s whistleblowing procedures. Andriesz had reported concerns about alleged misconduct i