Anti-Fraud & Financial Crime
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NEWS: US banks cleared to collect TIN numbers from third-parties

Premium June 27, 2025

FinCEN director Andrea Gacki

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BREAKING: Monaco, Bulgaria, Côte d’Ivoire and DRC exit FATF grey list

ANALYSIS: FATF’s Thomson says “worse is yet to come” on fraud. Will the EU get the message?

EXPLAINER: Gone in 20 minutes: How the biggest heist in crypto history unfolded

By PAUL O’DONOGHUE, Senior Correspondent

U.S banks will now be allowed to collect Tax Identification Number (TIN) details from a third party, rather than from the bank’s customer.

The change was announced by FinCEN, the AML unit of the U.S. Department of the Treasury. It issued a new order allowing the measure.

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Premium

BREAKING: Monaco, Bulgaria, Côte d’Ivoire and DRC exit FATF grey list

ANALYSIS: FATF’s Thomson says “worse is yet to come” on fraud. Will the EU get the message?

EXPLAINER: Gone in 20 minutes: How the biggest heist in crypto history unfolded

Regulatory Watch News

  • Update to UK Sanctions List: Afghanistan Regime

    UK Government

    Today, Friday 30 October, the UK government has amended the following individuals under the Afghanistan (Sanctions) (EU Exit) Regulations 2020. Individuals amended:

    Name: Unique ID:
    Abdul Latif MANSUR AFG0011
    Abdul Ghani Baradar ABDUL AHMAD TURK AFG0024
    Amir Khan MOTAQI AFG0026
    Abdul-Haq WASSIQ AFG0062
    Khairullah KHAIRKHWAH AFG0071
     

  • Brits nearly twice as likely to spot pressure tactics in horror films as investment red flags

    Financial Conduct Authority

    Investors are almost twice as likely to recognise pressure tactics in a horror film as they are when those tactics are used to promote an investment opportunity, new FCA data suggests.
    A survey of UK 18 to 40-year-olds who own or are considering investments found 65% spotted ‘this is your only chance’ as a classic horror warning sign. But when faced with a ‘last chance to buy’ investment opportunity, only 36% said it would make them more cautious, while 37% said they would feel pressure to buy quickly or risk missing out. The pattern also holds for other pressure tactics. While 59% recognised countdowns like the ticking clock in 'Saw' as a tactic designed to make characters act rashly, just 5% said they would be suspicious of the pressure created by a rising investment price graph.

  • EPPO signs working arrangement with UAE Ministry of Justice to facilitate cooperation

    European Public Prosecutor's Office

    (Luxembourg, 29 October 2026) – Today, the European Public Prosecutor’s Office (EPPO) and the Ministry of Justice of the United Arab Emirates (UAE) concluded a working arrangement to facilitate cooperation. The working arrangement was signed by Deputy European Chief Prosecutor Mr Andrés Ritter and the UAE Ministry of Justice’s Assistant Undersecretary of the International Cooperation and Legal Affairs Judge Abdulrahman Murad Al Blooshi.

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