Category: AML

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Tech disruptions boost financial crime: Criminals find new opportunities

INSIGHT: ‘Toward a resilient financial future’ – UAE central bank governor’s call for collective action against illicit finance

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NEWS: Ban cash transactions to curtail drug dealing, French justice minister tells senate committee on financial crime

INSIGHT: The ‘5 lenses’ – best practise in establishing an enterprise wide Anti-Financial Crime Op Model

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NEWS: FATF, INTERPOL and UNODC jointly issue ‘urgent’ call for countries to improve asset recovery

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NEWS: Marcus Pleyer appointed State Secretary in Germany; resigns as member of AMLA Executive Board

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NEWS: Julius Baer fined €4.3m over AML failings, including ignoring red flags, on high risk clients

INSIGHT: Reflections and future vision after 25 years of evolution in AML compliance

INSIGHT: How Global RADAR Is Revolutionising Sanctions Screening with AI and Machine Learning

INSIGHT: Role of data in harmonizing AML standards and combating financial crime

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NEWS: Money laundering and sanctions risks remain high in Switzerland, warns country’s supervisor

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NEWS: Three VPs to leave TD Bank’s AML team as new chief rings the changes

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axessinvest.de: BaFin warns consumers about website and identity fraud
BaFin
June 16, 2025
The financial supervisory authority BaFin warns against offers from the website axessinvest.de. The website gives the impression that it is operated by the BaFin-registered MarketAxess NL B.V. branch in Frankfurt. This is not true. It is a case of identity theft.

Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.
OLAF exposes fraud involving over €870 million
OLAF
June 16, 2025
In 2024, the European Anti-Fraud Office (OLAF) recommended the recovery of more than €870 million in misused EU funds, according to its annual report released today. OLAF investigators also prevented over €40 million from being improperly spent, reinforcing OLAF’s role as guardian of the EU budget. Over the year, OLAF closed 246 investigations and issued 301 recommendations to national and EU authorities, while opening 230 new investigations. This report marks not only a strong year of operations, but also OLAF’s 25^th anniversary – underscoring a quarter-century of dedicated service in protecting the EU’s financial interests and reaffirming OLAF’s leading role in the fight against fraud.
MAS and SFA invite nominations for 2025 Singapore FinTech Festival FinTech Excellence Awards
MAS
June 16, 2025
Singapore, 16 June 2025… The Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA) today announced the global call for nominations for the 2025 Singapore FinTech Festival (SFF) FinTech Excellence Awards (the Awards). Marking its 10-year anniversary, the Awards, supported by PwC Singapore, continues to recognise innovative FinTech solutions by corporates^[1] and individuals who are leaders in spearheading the use of new technologies to transform industry practices and the delivery of financial services, create new growth opportunities, and champion greater financial inclusion.