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EUROPOL AML RAIDS: Polish and German police arrest 12 in crackdown on multi-million euro laundering operation based on trading vegetable oil

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Berlin labelled EU’s AML ‘problem child’ as Commission issues infringement proceedings against Germany – Europe’s financial powerhouse

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AMLi NEWS UPDATE: American crypto payments company BitPay pays $500,000 after violating US sanctions; ‘they knew what they were doing,’ says OFAC

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FRANCE: Illegal gold smelting operation in Paris probed for links to Tamil Tigers; truck driver charged in Hong Kong for selling a tonne of bullion

NEW ORDER: EU’s finance supremo heaps praise on America’s new AML laws, stresses importance of multilateralism as new era in US relations

ESTONIA REVOKED the licenses of crypto businesses

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BALTIC U-TURN: ‘We won’t ask the US for a share of Danske Bank fine,’ says Estonia PM in backtrack

FCC SURVEY: AML penalties only work on occasion, say executives who fear reputational damage due to leaks like FinCEN

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FRANKFURT: BaFin orders Greek bank to make improvements over AML concerns

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CAYMANS: First fines for beneficial ownership violations as Islands align with FATF standards

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Three Jersey firms owned by French multinational bank fined €827,000 for AML breaches

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US judge rules BNP Paribas must face allegations related to Sudan conflict; bank’s request to dismiss lawsuit largely rejected

Virtual assets

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Virtual asset services causing problems in Denmark’s latest FATF assessment; the only area of AML to be downgraded to weaker rating

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Update to UK Sanctions List: Russia Regime
UK Government
September 3, 2026
Today, Thursday 3^rd September, the UK Government has amended 1 entity designated under the Russia Sanctions Regime. Amended Entity:

Name: Unique ID:

LIMITED LIABILITY COMPANY “OZON BANK” RUS3709
ENRC litigation concluded
Serious Fraud Office
September 3, 2026
Eurasian Natural Resources Corporation Limited, the Director of the Serious Fraud Office, Dechert LLP and David Neil Gerrard have concluded the proceedings between them on terms which are confidential. Between 2013 and 2023, the SFO investigated Kazakh mining company ENRC over suspected bribery and corruption linked to mining assets in the Democratic Republic of Congo and elsewhere. The investigation concluded without charges due to insufficient admissible evidence. ENRC brought a civil claim against its former lawyers in 2017 and the SFO in 2019. The court found the SFO was in breach of its duties, including engaging with and taking unauthorised information between 2011 and 2013. The court also found that, but for this conduct, the investigation would not have opened.
Treasury seeking to appoint new FSA Chair and Board Member
Isle of Man Financial Services Authority
September 3, 2026
The Treasury is seeking candidates with the skills and experience to make an important contribution to the Island’s reputation as a well-regulated international finance centre. Applications are currently being invited for the role of Chair of the Isle of Man Financial Services Authority. Applications are also invited for a further Member of the Authority’s Board. The Chair position represents an opportunity to work with the Authority’s senior Executive to provide strategic leadership of the financial services regulator at an important point in its development. The Chair and the Board Member will play a key role in engaging with senior leaders across government and industry, building relationships with influential stakeholders, and supporting initiatives to safeguard the Island’s status as an outstanding place to do business.