Category: Compliance

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BREAKING: Switzerland fines Julius Baer €10.6m (CHF10m) over anti-money laundering failings

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NEWS: Banks urge AMLA to cut data required in suspicion reports

NEWS: UK launches ‘Football Intelligence Team’ to tackle financial crime risks

FINCRIME FRONTIER REPORT: Just 4.7% of financial institutions continuously adapt AML controls as risks change – survey of AFC leaders shows

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INSIGHT: EU businesses warn beneficial ownership overhaul risks compliance surge without transition period

INSIGHT: ‘Follow the money’ – how journalism can combat financial crime

NEWS: Ripjar introduces AI innovations in customer screening to combat financial crime

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NEWS: ESMA needs more power and resources to act independently, outgoing chair says

NEWS: Bank of Italy tells PSPs, CASPs to always screen both parties to transfers for sanctions hits

EXCLUSIVE: Binance stablecoin licence bid about to be rejected by Bank of Greece before withdrawal

NEWS: FATF places Turkey under ‘enhanced follow-up’, cites ML prosecution backlog

WEBINAR: Why 58% of banks should rethink how they screen for adverse media

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OFSI has issued a General Licence to permit the wind down of transactions involving Zarubezhneft JSC
OFSI
October 8, 2026
Following the designation of Zarubezhneft JSC by the Foreign, Commonwealth and Development Office (FCDO), OFSI has issued the Zarubezhneft JSC Wind Down General Licence (INT/2026/11080040).

The General Licence permits the wind down or divestment of transactions involving Zarubezhneft JSC and entities it owns or controls directly or indirectly. It also permits activities reasonably necessary to complete that wind down or divestment.

The General Licence takes effect from 8 October 2026 and expires at 23:59 on 21 November 2026. Those using the licence must comply with its conditions and record-keeping requirements.
Update to UK Sanctions List: Russia Regime
UK Government
October 8, 2026
Today, Thursday 8 October, the UK Government has designated the following 23 entities and 3 individuals, and specified the following 12 vessels, under the Russia Sanctions Regime. Furthermore, 2 entities designated under the Russia Sanctions Regime have been varied. Designated Individuals:

Name: Unique ID:

Ulan Arymbaevich BUKABAEV RUS3757

Alexander Jan Hendrik TATTERSALL RUS3761

Egor Andreevich ISAEV RUS3780
233 arrested in environmental crime crackdown in Latin America and Caribbean
Interpol
October 8, 2026
SAN SALVADOR, El Salvador – An international operation coordinated by INTERPOL has dismantled environmental crime networks across nine countries in Latin America and the Caribbean, leading to 233 arrests, the recovery of more than 1,000 animals and the identification of 60,000 hectares of illegally cleared forest. Operation Madre Tierra VIII (1 June to 31 July) involved Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Panama. Investigators found that illegal timber and wildlife trafficking networks were operating on an industrial scale along the corridor connecting Central and South America.