Category: Compliance

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British Compliance chief calls on firms to invest in compliance; warns against frameworks being relegated to ‘binders on a bookshelf’

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Jersey trust fined over £500k for AML breaches which could have put millions of Angolan public funds at risk

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British universities have accepted £52m in cash from overseas students from ‘high-risk’ countries, exposing a money laundering risk

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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

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

NEWS UPDATE: Two criminal networks shut down in Holland and Ireland in busy AML week for Europol and national authorities

HONEST APPRAISAL:‘Huge gap’ between theory and practice on national AML frameworks, warns FATF’s President

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Treasury Targets Flotilla Organizers and Muslim Brotherhood Networks Supporting Hamas
OFAC
May 19, 2026
WASHINGTON—Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against four individuals associated with the pro-Hamas flotilla organized by the U.S.-designated Popular Conference for Palestinians Abroad (PCPA) that is attempting to access Gaza in support of Hamas. OFAC is also taking action against key actors operating within Hamas-aligned Muslim Brotherhood networks. Hamas relies on a diverse web of international partners to expand its malign political influence, facilitate violent terrorist activity, and undermine international efforts to achieve lasting peace in Gaza.
Deutsche Bank AG Penalty
OFSI
May 19, 2026
OFSI has imposed a £165,000 monetary penalty on Deutsche Bank AG London Branch (DBLB) for breaches of the Russia financial sanctions regime.

Between June and July 2022, DBLB processed two payments totalling £635,618.75 to an entity wholly owned by a designated person.

This is the second OFSI monetary penalty case resolved through settlement, demonstrating how proportionate and effective enforcement outcomes can support the rapid communication of compliance lessons to industry.
201 arrests in first-of-its-kind cybercrime operation in MENA region
Interpol
May 19, 2026
SINGAPORE – A first-of-its-kind cybercrime operation in the MENA region has led to the arrest of 201 individuals, with a further 382 suspects identified. Thirteen countries from the Middle East and North Africa took part in Operation Ramz (October 2025 – 28 February 2026) which aimed to investigate and disrupt malicious infrastructure, identify and arrest suspects, and prevent future losses. The operation focused on neutralizing phishing and malware threats, as well as tackling cyber scams that inflict severe cost to the region. In addition to the arrests made, 3,867 victims were identified, and 53 servers were seized. Operation Ramz marked a milestone as the first cyber operation of its scale coordinated by INTERPOL in the MENA region. During this effort, nearly 8,000 pieces of crucial data and intelligence were disseminated among participating countries to initiate and support investigations.