Category: Financial Services

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INSIGHT: EU’s top regulators warn of money laundering threat in deal for closer economic ties with Monaco, San Marino and Andorra

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NEWS: Former Co-operative bank chair faces criminal charges

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NEWS: Lebanon’s central bank will not print money to lend state, cover deficit – acting governor

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NEWS: Guernsey’s FIU report reveals online gambling as most frequent money laundering front in 2022

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NEWS: Wolfsberg Group proposes changes for FATF’s review on fincrime in the non-profits sector

ANALYSIS: The six key points banks need to know from today’s FinCEN, IRS advisory on tax evasion shell companies

NEWS: FinCEN, IRS warn US banks of $100Ms in tax evasion by construction firms using shell companies, undocumented workers

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INSIGHT: Getting better but still very patchy performances by EU’s cross-border AML/CFT colleges – EBA report

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BREAKING: US to unveil long-awaited crackdown on real estate money laundering, new BO rules being announced this month

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NEWS: Britain’s FCA writes to lenders formally asking who they have ‘de-banked’

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NEWS: More effort than expected required to get AML activities ‘at sustainable and adequate level’ – ABN Amro chief Swaak as cost targets missed

NEWS: Dubai’s Financial Services Authority (DFSA) signs MoU with the UAE’s FIU.

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AMLA finalises common formats for FIU cooperation and reporting to the EPPO
AMLA
July 3, 2026
Better reporting to the EPPO
Two of the standards set a single format for reporting to the EPPO, the body that investigates and prosecutes crimes against the EU's financial interests. One covers how FIUs report the results of their own analyses, the other how AMLA reports joint analyses. A shared, machine-readable template will allow the EPPO to receive complete, comparable information it can process automatically.
MAS Partners Industry to develop Safeguards for AI Agents in Finance
MAS
July 3, 2026
Singapore, 3 July 2026… The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, today published an industry white paper on developing safeguards for AI agents in Finance. Titled “Safeguards for Agentic Finance at Runtime (SAFR) ”, the paper proposes an industry-developed framework that enables AI agents in financial services to carry out financial tasks safely, securely and reliably. SAFR is developed under MAS’ BuildFin.ai^[1] initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
AUSTRAC finalises enforceable undertaking with Sportsbet
Austrac
July 3, 2026
AUSTRAC has finalised its enforceable undertaking with Sportsbet Pty Ltd (Sportsbet) after the company addressed serious deficiencies in its anti-money laundering and counter-terrorism financing (AML/CTF) controls. AUSTRAC CEO Brendan Thomas said the outcome reinforces AUSTRAC’s expectation that reporting entities take immediate and sustained action to meet their legal obligations. “When AUSTRAC identifies systemic weaknesses in a reporting entity’s AML/CTF controls, we will take enforcement action to ensure those issues are addressed,” he said. “Sportsbet was required to undertake significant remediation to uplift its systems, controls and governance. AUSTRAC is now satisfied those requirements have been met.