Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Regulatory

LATEST: AMLA proposes flexible client monitoring rules with focus on high-risk relationships

Premium June 3, 2026

FILE PHOTO: Shows the AMLA Board. Left to right: Rikke-Louise Petersen, Simonas Krepsta, Bruna Szego, Derville Rowland, Juan Manuel Vega Serrano. Missing from the photo is recently appointed board member Hennie Verbeek-Kusters.

Premium

INSIGHT: The UK ‘Modern Slavery Act’ has not delivered – banks must help change that

LATEST: ‘AML Intelligence’ joins SPUR, the new global media coalition to protect against AI abuses

 Premium

NEWS: Bafin fines AIL Leasing over AML breaches

By CARLO BOFFA, EU Correspondent The EU’s Anti-Money Laundering Authority is proposing more flexibility for regulated entities on how they conduct ongoing client monitoring, favouring a principles-based approach that prioritises high-risk business relationships. AMLA launched on Wednesday a public consultation on draft guidelines outlining what businesses must do to monitor clients’ transactions and keep their…

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

INSIGHT: The UK ‘Modern Slavery Act’ has not delivered – banks must help change that

LATEST: ‘AML Intelligence’ joins SPUR, the new global media coalition to protect against AI abuses

 Premium

NEWS: Bafin fines AIL Leasing over AML breaches

Regulatory Watch News

  • More than $580,000 forfeited as part of immigration visa fraud investigation

    Australia Federal Police

    More than $580,000 has been forfeited to the Commonwealth as suspected proceeds of crime following an AFP-led investigation into an immigration visa fraud scheme linked to a Central Coast man, 61. The Supreme Court of NSW ordered the forfeiture of $117,000 of those total funds on 1 June, 2026, after the man admitted they were proceeds of crimes he committed between about July, 2017, and May, 2020. Those crimes included his role in providing false documents to a person exercising powers under the Migration Act 1958 (Cth) in connection with visa applications for non-citizens to remain in Australia.

  • Aspiration Partners Co-Founder Sentenced to Prison for $248M Scheme to Defraud Investors and Lenders

    US Department of Justice

    A California man who was a co-founder and former board member of Aspiration Partners, Inc., a financial technology and sustainability services company, was sentenced yesterday to 14 years in prison for a five-year scheme to defraud multiple lenders and investors of at least $248 million. “Joseph Sanberg preyed on investors and lenders who believed in his vision of environmentally conscious fintech,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division. “Instead of delivering on Aspiration’s promises, he orchestrated a multi-year scheme involving fake clients, sham payments, and deceptive loan collateral that caused at least $248 million in losses to numerous victims. This sentence holds him accountable and serves as a clear warning to others who abuse trust for personal gain and obtain loans from the financial industry based on lies and misrepresentations.”

  • Update to UK Sanctions List: Global Anti-Corruption Regime

    UK Government

    Today, Tuesday 2nd June, the UK Government has varied the designation of the following individual under the Global Anti-Corruption Sanctions Regime. Individuals Varied:

    Name: Unique ID:
    Sarju RAIKUNDALIA GAC0051
     

Sign Up To Our Newsletter

Contact Us