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NEWS: AMLA rejects calls to revise definition of occasional transactions

Premium October 1, 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.

BREAKING: US sanctions Russia’s A7, shadow banking network moving $91.5 billion

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ANALYSIS: AMLA gives firms a grace period to prepare for new EU KYC rules

LATEST: US sanctions Venezuela’s Tren de Aragua gang over $40m ATM ‘jackpotting’ scheme

By CARLO BOFFA, EU Correspondent The EU’s Anti-Money Laundering Authority has rejected calls from companies for greater clarity on what constitutes an occasional transaction. AMLA defines occasional transactions as those involving a transaction, or the provision of services connected to it, that is not carried out as part of a business relationship. The definition remains…

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BREAKING: US sanctions Russia’s A7, shadow banking network moving $91.5 billion

 Premium

ANALYSIS: AMLA gives firms a grace period to prepare for new EU KYC rules

LATEST: US sanctions Venezuela’s Tren de Aragua gang over $40m ATM ‘jackpotting’ scheme

Regulatory Watch News

  • Operation Economic Outcast Takes Unprecedented Action Against Sanctions Evasion Network Used by Iran

    FinCEN

    WASHINGTON—Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions.

    • Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit transmittals of funds regarding transactions involving the A7 Network’s Sub-Agents.
    • Additionally, FinCEN issued an Alert to help financial institutions detect and report suspicious activity related to the A7 Network.
    • Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the A7 Network as a significant transnational criminal organization.

  • FCA opens the gateway to regulated crypto

    Financial Conduct Authority

     
    For the first time, crypto firms operating in the UK will be brought into full FCA regulation, with clear standards covering consumer protection, safeguarding, market integrity and financial resilience. This is a significant milestone, not just for the industry, but it signals to those who invest in crypto that the UK is serious in giving them protections they have never had before. It also gives the sector clarity and legitimacy that comes with a proper regulatory framework.

  • New general trade licences published under the Russia sanctions regime

    OFSI

    Today, the Office of Trade Sanctions Implementation (OTSI) has published two general trade licences under the Russia sanctions regime.  

    The licences relate to UK involvement in the maritime transportation of Russian liquified natural gas (LNG) to Japan and South Korea under specific, pre-existing contractual arrangements.  

    Supporting diversification away from Russian energy strengthens long-term pressure on Russia’s energy sector. Japan and South Korea are close partners and important contributors to international support for Ukraine. 

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