Category: Compliance

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Paysera fined for not following AML laws

Online payment company receives €370k fine for ‘significant shortcomings’ in AML practices; plans to appeal on proportionality grounds

EY in the UK

UK anti-corruption group calls for three-year ban on public contracts for ‘Big Four’ firm EY

Brothers who helped launder $250 million through online payment company, AlertPay, are jailed

FATF chief David Lewis warns that VASPs are behind in using international standards of fighting financial crime

FATF chief warns that VASPs are behind in using international standards of fighting financial crime

WESTERN UNION is going to halt its US money transfers to Cuba under trump administration

Western Union halts all US money transfers to Cuba under new Trump embargo

Christine Lagarde hints at digital euro

Lagarde hints at digital euro becoming reality in future – “my hunch is that we might well go in that direction”

Europol and French authorities make arrests in investigation on criminal network

Europol hails 18 arrests, €4M in seizures from crime group behind French €90M cash convoy to Morocco

Senior Swedish AML advisor warns of risks in centralising EU financial supervision

Senior Swedish AML advisor warns of risks in centralising EU financial supervision; says financial sectors are ‘complex’

Boylesports fined for failing a money laundering risk-assessment

Betting business Boylesports fined £2.8 million for failing UK money laundering risk-assessment

UK eyeing tougher laws to scrutinise foreign investment

UK eyeing tougher laws to scrutinise foreign investment and ensure national security

AML changes with Brexit says Matthew Redhead

Brexit ‘unlikely to be apocalypse for AML compliance’ in UK but financial services will be tied with more responsibility, conference told

AUSTRAC reports 258% increase in reporting – but questions whether all the info is relevant

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World Day Against Trafficking in Persons
July 30, 2026
Across the world, transnational organized crime groups are trafficking and exploiting thousands of people and forcing them to take part in industrial-scale financial fraud operations. This is a growing form of trafficking in persons for forced criminality, closely intertwined with cybercrime, financial fraud, money-laundering and corruption. In East and South-East Asia, UNODC estimates between US $18 billion and $37 billion financial losses from scams targeting victims in 2023 alone, with a high proportion of these losses attributes to scams committed by organized crime groups located in the region.
850 years in jail for criminals and £70m-worth of drugs seized by specialist Merseyside team
National Crime Agency
July 30, 2026
More than 100 criminals linked to drug and gun crime in Merseyside have been jailed as a result of investigations by a specialist team formed in 2021. One-hundred-and-eight criminals are serving 851 years in prison for crimes including importing drugs, supplying guns and laundering money linked to serious and organised crime. Officers from Merseyside Organised Crime Partnership (OCP) have seized cocaine, heroin, cannabis and ketamine worth up to £70m.
850 years in jail for criminals and £70m-worth of drugs seized by specialist Merseyside team
National Crime Agency
July 29, 2026
More than 100 criminals linked to drug and gun crime in Merseyside have been jailed as a result of investigations by a specialist team formed in 2021. One-hundred-and-eight criminals are serving 851 years in prison for crimes including importing drugs, supplying guns and laundering money linked to serious and organised crime. Officers from Merseyside Organised Crime Partnership (OCP) have seized cocaine, heroin, cannabis and ketamine worth up to £70m.