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Financial Crime, Fraud, UK

NEWS: Think tank wants to create new UK anti-fraud watchdog

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INSIGHT: The KYC revolution you can’t afford to miss – why traditional compliance is over

INSIGHT: The key flaw with modern sanctions screening systems

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ANALYSIS: Why the US is finally cracking down on money laundering in the art market

By PAUL O’DONOGHUE, Senior Correspondent

A UK policing think tank, the Police Foundation, has called for urgent reforms to tackle fraud, including the creation of a national ‘Crime Prevention Agency’.

A new report from the Police Foundation, carried out with Virgin Media O2, said frontline officers lack the tools and training to tackle fraud.

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INSIGHT: The KYC revolution you can’t afford to miss – why traditional compliance is over

INSIGHT: The key flaw with modern sanctions screening systems

 Premium

ANALYSIS: Why the US is finally cracking down on money laundering in the art market

Regulatory Watch News

  • Europol has identified AI powered fraud as a key problem area
    Never out of sight: ‘Allies’ exercise pursues targets across Europe

    Europol

    From 9 to 12 February 2026, Europol hosted the exercise ‘Allies 2026’, designed to enhance cross-border cooperation and interoperability among European law enforcement authorities. Simulating intersecting scenarios unfolding across several European countries, this exercise tested the participants’ ability to effectively fight drug trafficking and hybrid threats.

  • South Australian authorities seize 28kg of cocaine hidden in luxury bus

    Australia Federal Police

    The Australian Federal Police (AFP) has seized more than 28kg of cocaine concealed within a luxury bus in South Australia, after an intercept by Australian Border Force (ABF) officers on a vessel berthed at Outer Harbor. ABF officers examined a roll-on/roll-off vessel (known as a RORO) on Monday (16 February, 2026) based on intelligence-led targeting.

  • FATF Holds Plenary in Mexico, Advances Key Illicit Finance Initiatives

    US Department of the Treasury

    MEXICO—Last week, the Financial Action Task Force (FATF), the global standard-setting body for anti-money laundering, countering the financing of terrorism, and countering proliferation financing (AML/CFT/CPF), concluded its fifth Plenary under the Mexican presidency.  The FATF agreed to publish two reports on digital assets, imposed additional countermeasures on Iran, and adopted Mutual Evaluation Reports for Austria, Italy, and Singapore. The FATF reiterated the terrorist and proliferation financing risks emanating from Iran, which remains on the FATF’s blacklist.  The FATF reminded all nations to implement reimposed United Nations Security Council Resolutions related to Iran’s ongoing lack of compliance with its nuclear agreements.  The FATF also called upon all jurisdictions to impose additional countermeasures to restrict correspondent banking, digital asset transactions, and business relationships with Iran given its severe illicit finance risks.

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